Whirlpool Co. (WHR) Holdings Cut by Rhumbline Advisers

Rhumbline Advisers lowered its stake in shares of Whirlpool Co. (NYSE:WHR) by 10.9% in the first quarter, Holdings Channel reports. The institutional investor owned 103,041 shares of the company’s stock after selling 12,589 shares during the period. Rhumbline Advisers’ holdings in Whirlpool were worth $13,693,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc raised its position in Whirlpool by 0.9% in the third quarter. Vanguard Group Inc now owns 6,780,498 shares of the company’s stock worth $805,183,000 after purchasing an additional 62,275 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in Whirlpool by 9,212.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,303,672 shares of the company’s stock worth $31,000 after purchasing an additional 3,268,195 shares in the last quarter. American International Group Inc. raised its position in Whirlpool by 8,342.6% in the fourth quarter. American International Group Inc. now owns 3,119,608 shares of the company’s stock worth $333,393,000 after purchasing an additional 3,082,657 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in shares of Whirlpool by 0.6% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,002,664 shares of the company’s stock worth $214,024,000 after buying an additional 11,260 shares in the last quarter. Finally, Newport Trust Co increased its holdings in shares of Whirlpool by 1.6% during the fourth quarter. Newport Trust Co now owns 1,448,167 shares of the company’s stock worth $154,766,000 after buying an additional 23,148 shares in the last quarter. 94.82% of the stock is owned by institutional investors and hedge funds.

NYSE WHR opened at $130.68 on Thursday. The company has a market cap of $8.15 billion, a PE ratio of 8.62, a PEG ratio of 1.62 and a beta of 1.61. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.83 and a quick ratio of 0.53. Whirlpool Co. has a 1-year low of $99.40 and a 1-year high of $167.54.

Whirlpool (NYSE:WHR) last released its quarterly earnings results on Monday, April 22nd. The company reported $3.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.04 by $0.07. Whirlpool had a net margin of 0.93% and a return on equity of 30.17%. The business had revenue of $4.76 billion for the quarter, compared to analysts’ expectations of $4.83 billion. During the same period in the prior year, the firm earned $2.81 earnings per share. Whirlpool’s revenue was down 3.1% compared to the same quarter last year. Equities analysts predict that Whirlpool Co. will post 14.7 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Saturday, June 15th. Stockholders of record on Friday, May 17th will be paid a dividend of $1.20 per share. This is a boost from Whirlpool’s previous quarterly dividend of $1.15. This represents a $4.80 annualized dividend and a dividend yield of 3.67%. The ex-dividend date of this dividend is Thursday, May 16th. Whirlpool’s dividend payout ratio is 30.34%.

Several analysts have recently weighed in on WHR shares. Zacks Investment Research lowered shares of Whirlpool from a “buy” rating to a “hold” rating in a report on Saturday, January 19th. Buckingham Research started coverage on shares of Whirlpool in a report on Wednesday, January 23rd. They set a “neutral” rating and a $135.00 price objective for the company. Raymond James lowered shares of Whirlpool from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 30th. Royal Bank of Canada lowered shares of Whirlpool from a “sector perform” rating to an “underperform” rating and set a $134.60 price objective for the company. in a report on Wednesday, January 30th. Finally, ValuEngine raised shares of Whirlpool from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. Whirlpool currently has an average rating of “Hold” and a consensus price target of $143.20.

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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.

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Institutional Ownership by Quarter for Whirlpool (NYSE:WHR)

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