Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in Whirlpool Corporation (NYSE:WHR) by 15.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,264 shares of the company’s stock after buying an additional 2,387 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Whirlpool Corporation were worth $3,500,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Whirlpool Corporation by 2.4% in the first quarter. Vanguard Group Inc. now owns 7,290,778 shares of the company’s stock valued at $1,249,128,000 after buying an additional 170,267 shares during the period. BlackRock Inc. raised its stake in shares of Whirlpool Corporation by 3,484.6% in the first quarter. BlackRock Inc. now owns 4,983,869 shares of the company’s stock valued at $853,885,000 after buying an additional 4,844,832 shares during the period. State Street Corp raised its stake in shares of Whirlpool Corporation by 1.7% in the first quarter. State Street Corp now owns 3,611,514 shares of the company’s stock valued at $618,757,000 after buying an additional 60,274 shares during the period. OppenheimerFunds Inc. raised its stake in shares of Whirlpool Corporation by 3.3% in the first quarter. OppenheimerFunds Inc. now owns 1,925,455 shares of the company’s stock valued at $329,889,000 after buying an additional 61,803 shares during the period. Finally, Bank of America Corp DE raised its stake in shares of Whirlpool Corporation by 17.2% in the first quarter. Bank of America Corp DE now owns 1,787,659 shares of the company’s stock valued at $306,280,000 after buying an additional 262,246 shares during the period. 91.52% of the stock is currently owned by institutional investors and hedge funds.

Whirlpool Corporation (NYSE WHR) opened at 168.02 on Wednesday. The stock has a market cap of $12.26 billion, a P/E ratio of 16.82 and a beta of 1.79. Whirlpool Corporation has a 1-year low of $145.91 and a 1-year high of $202.99. The company’s 50-day moving average price is $180.96 and its 200-day moving average price is $180.52.

Whirlpool Corporation (NYSE:WHR) last announced its quarterly earnings results on Wednesday, July 26th. The company reported $3.35 EPS for the quarter, missing analysts’ consensus estimates of $3.54 by $0.19. The business had revenue of $5.35 billion for the quarter, compared to the consensus estimate of $5.35 billion. Whirlpool Corporation had a return on equity of 18.17% and a net margin of 3.61%. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.50 EPS. Analysts predict that Whirlpool Corporation will post $14.64 EPS for the current year.

Whirlpool Corporation declared that its board has initiated a share repurchase plan on Wednesday, July 26th that permits the company to repurchase $2.35 billion in shares. This repurchase authorization permits the company to reacquire up to 16.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 2.62%. The ex-dividend date is Wednesday, August 23rd. Whirlpool Corporation’s dividend payout ratio is 44.04%.

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Several equities research analysts have recently weighed in on WHR shares. BidaskClub lowered Whirlpool Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Credit Suisse Group started coverage on Whirlpool Corporation in a research report on Thursday, June 22nd. They set a “neutral” rating and a $208.00 target price on the stock. Royal Bank Of Canada reissued a “buy” rating and set a $216.00 target price on shares of Whirlpool Corporation in a research report on Friday, June 2nd. Finally, Zacks Investment Research lowered Whirlpool Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Six equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $194.71.

In other Whirlpool Corporation news, Director William D. Perez purchased 1,000 shares of the business’s stock in a transaction on Monday, July 31st. The stock was purchased at an average price of $176.93 per share, for a total transaction of $176,930.00. Following the completion of the purchase, the director now directly owns 7,239 shares in the company, valued at $1,280,796.27. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.69% of the stock is owned by company insiders.

Whirlpool Corporation Company Profile

Whirlpool Corporation is a manufacturer and marketer of home appliances. The Company’s segments include North America; Europe, Middle East and Africa (EMEA); Latin America, and Asia. In North America, the Company markets and distributes home appliances and small domestic appliances under a range of brand names.

Institutional Ownership by Quarter for Whirlpool Corporation (NYSE:WHR)

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