Macquarie Group Ltd. held its stake in shares of Whirlpool Corporation (NYSE:WHR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,000 shares of the company’s stock at the close of the 2nd quarter. Macquarie Group Ltd.’s holdings in Whirlpool Corporation were worth $767,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. State Board of Administration of Florida Retirement System grew its holdings in Whirlpool Corporation by 0.9% in the second quarter. State Board of Administration of Florida Retirement System now owns 112,378 shares of the company’s stock valued at $21,534,000 after purchasing an additional 1,038 shares during the period. Homrich & Berg grew its holdings in Whirlpool Corporation by 16.6% in the second quarter. Homrich & Berg now owns 3,131 shares of the company’s stock valued at $600,000 after purchasing an additional 446 shares during the period. BT Investment Management Ltd acquired a new stake in Whirlpool Corporation in the second quarter valued at approximately $2,065,000. Greenhaven Associates Inc. grew its holdings in Whirlpool Corporation by 0.6% in the second quarter. Greenhaven Associates Inc. now owns 2,737,150 shares of the company’s stock valued at $524,493,000 after purchasing an additional 17,280 shares during the period. Finally, Swiss National Bank grew its holdings in Whirlpool Corporation by 2.1% in the second quarter. Swiss National Bank now owns 271,865 shares of the company’s stock valued at $52,095,000 after purchasing an additional 5,700 shares during the period. 91.70% of the stock is currently owned by institutional investors.
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Whirlpool Corporation (NYSE:WHR) opened at 161.41 on Monday. Whirlpool Corporation has a 52-week low of $148.32 and a 52-week high of $202.99. The stock has a 50 day moving average price of $176.20 and a 200 day moving average price of $180.82. The stock has a market cap of $11.78 billion, a P/E ratio of 16.16 and a beta of 1.76.
Whirlpool Corporation (NYSE:WHR) last released its quarterly earnings results 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). The firm had revenue of $5.42 billion during the quarter, compared to analyst estimates of $5.50 billion. Whirlpool Corporation had a return on equity of 18.45% and a net margin of 3.76%. The business’s revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.66 EPS. On average, equities research analysts forecast that Whirlpool Corporation will post $13.79 EPS for the current year.
The company also recently declared 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. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend is Thursday, November 16th. Whirlpool Corporation’s dividend payout ratio is currently 41.47%.
Whirlpool Corporation announced that its board has authorized a share repurchase program on Wednesday, July 26th that permits the company to repurchase $2.35 billion in outstanding shares. This repurchase authorization permits the company to buy up to 16.7% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.
Several brokerages have commented on WHR. BidaskClub lowered Whirlpool Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Zacks Investment Research raised Whirlpool Corporation from a “sell” rating to a “hold” rating in a report on Thursday, October 5th. ValuEngine raised Whirlpool Corporation from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. MKM Partners set a $177.00 price objective on Whirlpool Corporation and gave the company a “hold” rating in a report on Friday, October 6th. Finally, Credit Suisse Group set a $187.00 price objective on Whirlpool Corporation and gave the company a “neutral” rating in a report on Tuesday, October 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price 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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