Creative Planning raised its position in Whirlpool Co. (NYSE:WHR) by 3.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,725 shares of the company’s stock after purchasing an additional 108 shares during the quarter. Creative Planning’s holdings in Whirlpool were worth $320,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of WHR. Amundi Pioneer Asset Management Inc. raised its position in Whirlpool by 255.8% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 131,570 shares of the company’s stock worth $17,483,000 after purchasing an additional 94,587 shares during the period. OLD National Bancorp IN purchased a new stake in Whirlpool in the 4th quarter worth about $249,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Whirlpool by 46.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 95,916 shares of the company’s stock worth $14,150,000 after purchasing an additional 30,392 shares during the period. Wealthfront Advisers LLC purchased a new stake in Whirlpool in the 4th quarter worth about $236,000. Finally, Edmp Inc. purchased a new stake in Whirlpool in the 4th quarter worth about $1,311,000. 99.00% of the stock is currently owned by institutional investors.
A number of research firms recently weighed in on WHR. Longbow Research reduced their price objective on shares of Whirlpool from $178.00 to $112.00 and set a “buy” rating on the stock in a research report on Thursday, April 2nd. Royal Bank of Canada increased their price objective on shares of Whirlpool from $71.00 to $80.00 and gave the stock an “underperform” rating in a research report on Monday, May 4th. JPMorgan Chase & Co. raised their target price on shares of Whirlpool from $100.00 to $124.00 and gave the stock an “average” rating in a research report on Tuesday, May 5th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Whirlpool from a “sell” rating to a “hold” rating and set a $130.00 target price on the stock in a research report on Sunday, May 3rd. Finally, Deutsche Bank raised their target price on shares of Whirlpool from $94.00 to $115.00 and gave the stock a “hold” rating in a research report on Tuesday, May 5th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. Whirlpool has an average rating of “Hold” and a consensus target price of $129.13.
In other Whirlpool news, EVP Shengpo Wu acquired 500 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The shares were bought at an average cost of $101.00 per share, with a total value of $50,500.00. Following the completion of the acquisition, the executive vice president now directly owns 7,148 shares in the company, valued at approximately $721,948. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.20% of the company’s stock.
Shares of NYSE:WHR opened at $118.59 on Tuesday. The firm has a market cap of $6.76 billion, a PE ratio of 8.76, a price-to-earnings-growth ratio of 0.66 and a beta of 1.98. The firm’s 50 day simple moving average is $101.85 and its 200-day simple moving average is $130.68. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.66 and a current ratio of 0.95. Whirlpool Co. has a one year low of $64.00 and a one year high of $163.64.
Whirlpool (NYSE:WHR) last issued its quarterly earnings data on Thursday, April 30th. The company reported $2.82 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $2.82. The company had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.30 billion. Whirlpool had a net margin of 4.33% and a return on equity of 25.56%. Whirlpool’s revenue was down 9.1% compared to the same quarter last year. During the same period last year, the company posted $3.11 earnings per share. Equities research analysts predict that Whirlpool Co. will post 9.87 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 15th will be issued a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 4.05%. The ex-dividend date is Thursday, May 14th. Whirlpool’s payout ratio is 30.00%.
Whirlpool Profile
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 refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances and related laundry accessories; cooking appliances and other small domestic appliances; and dishwasher appliances and related accessories.
Recommended Story: Leveraged Buyout (LBO) Explained
Want to see what other hedge funds are holding WHR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Whirlpool Co. (NYSE:WHR).