Northpointe Capital LLC decreased its holdings in shares of Whirlpool Corporation (NYSE:WHR) by 10.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,922 shares of the company’s stock after selling 972 shares during the period. Northpointe Capital LLC’s holdings in Whirlpool Corporation were worth $1,461,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the stock. LLBH Private Wealth Management LLC boosted its position in shares of Whirlpool Corporation by 0.5% during the 2nd quarter. LLBH Private Wealth Management LLC now owns 1,183 shares of the company’s stock valued at $227,000 after purchasing an additional 6 shares in the last quarter. Savant Capital LLC raised its stake in Whirlpool Corporation by 0.3% during the 2nd quarter. Savant Capital LLC now owns 2,789 shares of the company’s stock worth $534,000 after buying an additional 9 shares during the period. QS Investors LLC raised its stake in Whirlpool Corporation by 0.4% during the 2nd quarter. QS Investors LLC now owns 2,355 shares of the company’s stock worth $451,000 after buying an additional 10 shares during the period. Bollard Group LLC raised its stake in Whirlpool Corporation by 0.6% during the 2nd quarter. Bollard Group LLC now owns 2,170 shares of the company’s stock worth $416,000 after buying an additional 12 shares during the period. Finally, CIBC Asset Management Inc raised its stake in Whirlpool Corporation by 0.3% during the 2nd quarter. CIBC Asset Management Inc now owns 7,118 shares of the company’s stock worth $1,364,000 after buying an additional 21 shares during the period. Institutional investors own 91.52% of the company’s stock.
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In other news, Director William D. Perez acquired 1,000 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The stock was bought at an average cost of $176.93 per share, for a total transaction of $176,930.00. Following the acquisition, the director now directly owns 7,239 shares in the company, valued at $1,280,796.27. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.69% of the stock is owned by insiders.
Shares of Whirlpool Corporation (WHR) opened at 161.41 on Friday. Whirlpool Corporation has a 12 month low of $149.41 and a 12 month high of $202.99. The stock has a market capitalization of $11.78 billion, a P/E ratio of 16.16 and a beta of 1.76. The company’s 50 day moving average price is $176.20 and its 200-day moving average price is $180.82.
Whirlpool Corporation (NYSE:WHR) last announced its quarterly earnings data on Monday, October 23rd. The company reported $3.83 earnings per share for the quarter, missing analysts’ consensus estimates of $3.90 by ($0.07). Whirlpool Corporation had a return on equity of 18.45% and a net margin of 3.76%. The firm had revenue of $5.42 billion during the quarter, compared to analysts’ expectations of $5.50 billion. During the same quarter in the previous year, the firm earned $3.66 earnings per share. Whirlpool Corporation’s revenue was up 3.2% on a year-over-year basis. Equities analysts predict that Whirlpool Corporation will post $14.33 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 17th will be issued a $1.10 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $4.40 dividend on an annualized basis and a yield of 2.73%. Whirlpool Corporation’s payout ratio is currently 41.47%.
Whirlpool Corporation announced that its Board of Directors has authorized a share repurchase plan on Wednesday, July 26th that authorizes the company to buyback $2.35 billion in shares. This buyback authorization authorizes the company to purchase up to 16.7% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its shares are undervalued.
A number of research analysts recently weighed in on the company. Bank of America Corporation downgraded Whirlpool Corporation from a “buy” rating to a “neutral” rating and set a $183.00 price target on the stock. in a research note on Tuesday, October 24th. Royal Bank Of Canada downgraded Whirlpool Corporation from a “top pick” rating to a “sector perform” rating and dropped their price target for the stock from $209.00 to $184.00 in a research note on Tuesday, October 24th. Zacks Investment Research downgraded Whirlpool Corporation from a “hold” rating to a “strong sell” rating in a research note on Friday. Credit Suisse Group set a $187.00 price target on Whirlpool Corporation and gave the stock a “neutral” rating in a research note on Tuesday, October 24th. Finally, BidaskClub downgraded Whirlpool Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $184.67.
Whirlpool Corporation 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.
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