Whirlpool Co. (WHR) Shares Sold by King Luther Capital Management Corp
King Luther Capital Management Corp cut its holdings in Whirlpool Co. (NYSE:WHR) by 73.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,640 shares of the company’s stock after selling 112,906 shares during the period. King Luther Capital Management Corp’s holdings in Whirlpool were worth $4,826,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also bought and sold shares of the company. Piedmont Investment Advisors LLC bought a new position in shares of Whirlpool in the 2nd quarter worth about $111,000. NuWave Investment Management LLC acquired a new stake in shares of Whirlpool in the 3rd quarter valued at about $107,000. Stratos Wealth Partners LTD. acquired a new stake in shares of Whirlpool in the 3rd quarter valued at about $116,000. KHP Capital LLC grew its stake in shares of Whirlpool by 243.3% in the 3rd quarter. KHP Capital LLC now owns 1,030 shares of the company’s stock valued at $122,000 after buying an additional 730 shares during the period. Finally, Meeder Asset Management Inc. grew its stake in shares of Whirlpool by 735.5% in the 3rd quarter. Meeder Asset Management Inc. now owns 1,036 shares of the company’s stock valued at $123,000 after buying an additional 912 shares during the period. 92.73% of the stock is owned by hedge funds and other institutional investors.
Several brokerages have recently commented on WHR. MKM Partners set a $146.00 target price on Whirlpool and gave the company a “hold” rating in a research note on Tuesday, October 16th. Zacks Investment Research upgraded Whirlpool from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 25th. Credit Suisse Group restated a “neutral” rating and issued a $125.00 target price on shares of Whirlpool in a research note on Wednesday, November 28th. They noted that the move was a valuation call. Cleveland Research restated a “hold” rating on shares of Whirlpool in a research note on Wednesday, October 10th. Finally, Royal Bank of Canada set a $111.00 target price on Whirlpool and gave the company a “hold” rating in a research note on Friday, October 26th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $144.88.
Whirlpool (NYSE:WHR) last issued its earnings results on Wednesday, October 24th. The company reported $4.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.76 by $0.79. The company had revenue of $5.33 billion during the quarter, compared to the consensus estimate of $5.34 billion. Whirlpool had a positive return on equity of 23.93% and a negative net margin of 2.95%. The firm’s revenue for the quarter was down 1.7% compared to the same quarter last year. During the same period last year, the business posted $3.83 EPS. On average, sell-side analysts forecast that Whirlpool Co. will post 14.59 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Saturday, December 15th. Shareholders of record on Friday, November 16th will be paid a dividend of $1.15 per share. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $4.60 dividend on an annualized basis and a yield of 3.82%. Whirlpool’s dividend payout ratio (DPR) is currently 33.48%.
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Whirlpool Corporation manufactures and markets home appliances and related products. It operates through four segments: North America; Europe, Middle East and Africa; Latin America; and Asia. The company's principal products include laundry appliances, refrigerators and freezers, cooking appliances, dishwashers, mixers, and other small domestic appliances.
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