ClariVest Asset Management LLC Has $14,708,000 Position in Whirlpool Corp. (WHR)
ClariVest Asset Management LLC boosted its position in shares of Whirlpool Corp. (NYSE:WHR) by 0.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 88,261 shares of the company’s stock after buying an additional 97 shares during the period. ClariVest Asset Management LLC owned 0.12% of Whirlpool Corp. worth $14,708,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of WHR. IFP Advisors Inc raised its position in Whirlpool Corp. by 6.2% in the first quarter. IFP Advisors Inc now owns 619 shares of the company’s stock worth $112,000 after buying an additional 36 shares during the period. Winslow Evans & Crocker Inc. raised its position in Whirlpool Corp. by 12.1% in the second quarter. Winslow Evans & Crocker Inc. now owns 704 shares of the company’s stock worth $117,000 after buying an additional 76 shares during the period. Barnett & Company Inc. purchased a new position in Whirlpool Corp. during the first quarter worth $126,000. First Manhattan Co. raised its position in Whirlpool Corp. by 80.0% in the second quarter. First Manhattan Co. now owns 810 shares of the company’s stock worth $134,000 after buying an additional 360 shares during the period. Finally, Huntington National Bank raised its position in Whirlpool Corp. by 56.6% in the second quarter. Huntington National Bank now owns 1,032 shares of the company’s stock worth $172,000 after buying an additional 373 shares during the period. Hedge funds and other institutional investors own 89.59% of the company’s stock.
Whirlpool Corp. (NYSE:WHR) traded up 1.32% during midday trading on Thursday, hitting $166.26. 753,903 shares of the company traded hands. The stock has a market cap of $12.54 billion, a P/E ratio of 14.73 and a beta of 1.61. Whirlpool Corp. has a 12-month low of $123.60 and a 12-month high of $194.10. The stock has a 50 day moving average of $171.34 and a 200 day moving average of $176.51.
Whirlpool Corp. (NYSE:WHR) last issued its earnings results on Friday, July 22nd. The company reported $3.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.37 by $0.13. Whirlpool Corp. had a return on equity of 18.68% and a net margin of 4.29%. The firm had revenue of $5.21 billion for the quarter, compared to analyst estimates of $5.13 billion. During the same period last year, the company earned $2.70 earnings per share. The firm’s revenue for the quarter was down .2% on a year-over-year basis. Equities research analysts predict that Whirlpool Corp. will post $14.69 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Friday, August 26th were given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 2.41%. The ex-dividend date was Wednesday, August 24th. Whirlpool Corp.’s dividend payout ratio is presently 35.40%.
WHR has been the topic of several research analyst reports. Bank of America Corp. restated a “buy” rating on shares of Whirlpool Corp. in a research report on Wednesday, June 29th. Zacks Investment Research upgraded shares of Whirlpool Corp. from a “hold” rating to a “buy” rating and set a $173.00 target price on the stock in a research report on Wednesday, June 29th. MKM Partners boosted their target price on shares of Whirlpool Corp. from $204.00 to $215.00 and gave the stock a “buy” rating in a research report on Monday, July 25th. Raymond James Financial Inc. lowered shares of Whirlpool Corp. from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 25th. Finally, Gabelli lowered shares of Whirlpool Corp. from a “buy” rating to a “hold” rating in a research report on Monday, September 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Whirlpool Corp. currently has a consensus rating of “Buy” and a consensus price target of $198.50.
In other Whirlpool Corp. news, insider Joao Carlos Brega sold 14,166 shares of the stock in a transaction on Monday, August 1st. The stock was sold at an average price of $193.43, for a total value of $2,740,129.38. Following the sale, the insider now directly owns 29,043 shares of the company’s stock, valued at $5,617,787.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Jeff M. Fettig sold 91,000 shares of the stock in a transaction on Monday, August 8th. The stock was sold at an average price of $189.42, for a total value of $17,237,220.00. The disclosure for this sale can be found here. 2.62% of the stock is owned by company insiders.
About Whirlpool Corp.
Whirlpool Corporation is a manufacturer and marketer of home appliances. The Company manufactures products in approximately 15 countries and markets products around the world under brand names, such as Whirlpool, KitchenAid, Maytag, Consul, Brastemp, Amana, Bauknecht, Jenn-Air and Indesit. The Company’s segments include North America, Latin America, EMEA (Europe, Middle East and Africa) and Asia.
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