Epoch Investment Partners Inc. bought a new position in shares of Whirlpool Co. (NYSE:WHR) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 408,797 shares of the company’s stock, valued at approximately $75,398,000. Epoch Investment Partners Inc. owned 0.57% of Whirlpool as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Sheaff Brock Investment Advisors LLC purchased a new position in Whirlpool during the third quarter valued at approximately $5,843,000. Evercore Trust Company N.A. raised its position in Whirlpool by 4.1% during the third quarter. Evercore Trust Company N.A. now owns 1,355,246 shares of the company’s stock valued at $249,962,000 after acquiring an additional 53,819 shares in the last quarter. Stifel Financial Corp raised its position in Whirlpool by 667.5% during the third quarter. Stifel Financial Corp now owns 165,673 shares of the company’s stock valued at $30,555,000 after acquiring an additional 144,086 shares in the last quarter. FDO Partners LLC purchased a new position in Whirlpool during the third quarter valued at approximately $2,450,000. Finally, OxFORD Asset Management LLP raised its position in Whirlpool by 1,259.1% during the third quarter. OxFORD Asset Management LLP now owns 18,158 shares of the company’s stock valued at $3,355,000 after acquiring an additional 16,822 shares in the last quarter. 92.74% of the stock is owned by hedge funds and other institutional investors.
Several research analysts recently weighed in on WHR shares. Zacks Investment Research cut Whirlpool from a “hold” rating to a “strong sell” rating in a research report on Friday, October 27th. ValuEngine upgraded Whirlpool from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Royal Bank Of Canada cut Whirlpool from a “top pick” rating to a “sector perform” rating and cut their price objective for the company from $209.00 to $184.00 in a research report on Tuesday, October 24th. MKM Partners set a $177.00 price objective on Whirlpool and gave the company a “hold” rating in a research report on Friday, October 6th. Finally, Bank of America cut Whirlpool from a “buy” rating to a “neutral” rating and set a $183.00 price objective for the company. in a research report on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $183.60.
Whirlpool (NYSE:WHR) last issued its quarterly earnings results on Monday, October 23rd. The company reported $3.83 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.90 by ($0.07). Whirlpool had a return on equity of 18.45% and a net margin of 3.76%. The firm had revenue of $5.42 billion for the quarter, compared to analysts’ expectations of $5.50 billion. During the same quarter in the previous year, the firm posted $3.66 earnings per share. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. sell-side analysts predict that Whirlpool Co. will post 13.7 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 17th will be paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date of this dividend is Thursday, November 16th. Whirlpool’s dividend payout ratio (DPR) is currently 41.51%.
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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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