Penserra Capital Management LLC Acquires 78 Shares of Whirlpool Co. (NYSE:WHR)

Penserra Capital Management LLC boosted its stake in shares of Whirlpool Co. (NYSE:WHR) by 25.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 390 shares of the company’s stock after buying an additional 78 shares during the period. Penserra Capital Management LLC’s holdings in Whirlpool were worth $61,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Pearl River Capital LLC acquired a new position in shares of Whirlpool in the second quarter valued at approximately $29,000. B & T Capital Management DBA Alpha Capital Management acquired a new stake in shares of Whirlpool during the third quarter worth $34,000. Doyle Wealth Management acquired a new stake in shares of Whirlpool during the second quarter worth $35,000. Trustcore Financial Services LLC lifted its position in Whirlpool by 45.9% in the 2nd quarter. Trustcore Financial Services LLC now owns 264 shares of the company’s stock valued at $38,000 after acquiring an additional 83 shares in the last quarter. Finally, Massey Quick Simon & CO. LLC bought a new stake in Whirlpool in the 3rd quarter valued at $48,000. Hedge funds and other institutional investors own 93.90% of the company’s stock.

Shares of WHR stock opened at $140.93 on Wednesday. The company’s fifty day simple moving average is $151.76 and its 200-day simple moving average is $143.48. The company has a quick ratio of 0.53, a current ratio of 0.87 and a debt-to-equity ratio of 1.20. The firm has a market cap of $9.04 billion, a PE ratio of 9.30, a P/E/G ratio of 2.37 and a beta of 1.74. Whirlpool Co. has a 12 month low of $99.40 and a 12 month high of $163.64.

Whirlpool (NYSE:WHR) last announced its earnings results on Tuesday, October 22nd. The company reported $3.97 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.90 by $0.07. Whirlpool had a net margin of 5.15% and a return on equity of 28.06%. The business had revenue of $5.10 billion during the quarter, compared to analysts’ expectations of $5.14 billion. During the same quarter in the prior year, the company posted $4.55 earnings per share. The firm’s revenue was down 4.2% on a year-over-year basis. On average, equities analysts predict that Whirlpool Co. will post 15.38 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Friday, November 15th will be given a dividend of $1.20 per share. The ex-dividend date is Thursday, November 14th. This represents a $4.80 annualized dividend and a yield of 3.41%. Whirlpool’s dividend payout ratio (DPR) is presently 31.66%.

A number of equities analysts have issued reports on WHR shares. JPMorgan Chase & Co. upgraded Whirlpool from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $155.00 to $172.00 in a report on Thursday, September 26th. ValuEngine raised Whirlpool from a “strong sell” rating to a “sell” rating in a research note on Thursday, October 24th. Zacks Investment Research upgraded Whirlpool from a “hold” rating to a “buy” rating and set a $147.00 price target on the stock in a report on Thursday, August 22nd. Deutsche Bank began coverage on Whirlpool in a research report on Wednesday, November 27th. They set a “hold” rating for the company. Finally, Bank of America increased their price objective on Whirlpool from $150.00 to $157.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $155.94.

In other news, Director Gary T. Dicamillo sold 833 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $153.41, for a total transaction of $127,790.53. Following the completion of the transaction, the director now directly owns 6,667 shares in the company, valued at approximately $1,022,784.47. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.91% of the company’s stock.

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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