Hodges Capital Management Inc. raised its stake in shares of Whirlpool Co. (NYSE:WHR) by 2.3% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 4,731 shares of the company’s stock after buying an additional 108 shares during the period. Hodges Capital Management Inc.’s holdings in Whirlpool were worth $629,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Birmingham Capital Management Co. Inc. AL raised its stake in shares of Whirlpool by 1.0% during the 4th quarter. Birmingham Capital Management Co. Inc. AL now owns 10,007 shares of the company’s stock valued at $1,069,000 after buying an additional 100 shares during the last quarter. Pinnacle Associates Ltd. increased its stake in shares of Whirlpool by 5.6% in the 4th quarter. Pinnacle Associates Ltd. now owns 1,900 shares of the company’s stock valued at $203,000 after purchasing an additional 100 shares in the last quarter. Financial Advocates Investment Management increased its stake in shares of Whirlpool by 217.4% in the 4th quarter. Financial Advocates Investment Management now owns 146 shares of the company’s stock valued at $35,000 after purchasing an additional 100 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in shares of Whirlpool by 3.0% in the 1st quarter. Louisiana State Employees Retirement System now owns 3,400 shares of the company’s stock valued at $452,000 after purchasing an additional 100 shares in the last quarter. Finally, CSat Investment Advisory L.P. increased its stake in shares of Whirlpool by 51.0% in the 4th quarter. CSat Investment Advisory L.P. now owns 305 shares of the company’s stock valued at $33,000 after purchasing an additional 103 shares in the last quarter. Institutional investors and hedge funds own 93.42% of the company’s stock.
In other Whirlpool news, Director Michael F. Johnston sold 2,845 shares of the business’s stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $133.54, for a total transaction of $379,921.30. Following the completion of the sale, the director now directly owns 6,550 shares in the company, valued at approximately $874,687. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.91% of the stock is currently owned by insiders.
Shares of Whirlpool stock opened at $137.35 on Wednesday. The company has a quick ratio of 0.55, a current ratio of 0.82 and a debt-to-equity ratio of 1.26. Whirlpool Co. has a twelve month low of $99.40 and a twelve month high of $167.54. The stock has a market capitalization of $8.68 billion, a P/E ratio of 9.06, a price-to-earnings-growth ratio of 1.98 and a beta of 1.62.
Whirlpool (NYSE:WHR) last posted its quarterly earnings data on Monday, January 28th. The company reported $4.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $4.30 by $0.45. Whirlpool had a positive return on equity of 27.24% and a negative net margin of 0.87%. The company had revenue of $5.66 billion during the quarter, compared to analyst estimates of $5.76 billion. During the same period in the previous year, the business earned $4.10 EPS. Whirlpool’s quarterly revenue was down .7% on a year-over-year basis. Analysts forecast that Whirlpool Co. will post 14.66 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, June 15th. Shareholders of record on Friday, May 17th will be paid a dividend of $1.20 per share. This is a positive change from Whirlpool’s previous quarterly dividend of $1.15. This represents a $4.80 annualized dividend and a yield of 3.49%. Whirlpool’s payout ratio is 30.34%.
Several equities analysts recently weighed in on WHR shares. Raymond James lowered Whirlpool from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 30th. Buckingham Research started coverage on Whirlpool in a research note on Wednesday, January 23rd. They issued a “neutral” rating and a $135.00 price target for the company. Zacks Investment Research lowered Whirlpool from a “buy” rating to a “hold” rating in a research note on Saturday, January 19th. Finally, Royal Bank of Canada lowered Whirlpool from a “sector perform” rating to an “underperform” rating and set a $134.60 price target for the company. in a research note on Wednesday, January 30th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $144.08.
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Whirlpool Company 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.
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