Whirlpool Corp. (WHR) To Go Ex-Dividend on November 16th
Whirlpool Corp. (NYSE:WHR) declared a quarterly dividend on Tuesday, October 18th. Investors of record on Friday, November 18th will be given a dividend of 1.00 per share on Thursday, December 15th. This represents a $4.00 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend is Wednesday, November 16th.
Whirlpool Corp. (NYSE:WHR) opened at 165.00 on Friday. The firm has a market capitalization of $12.39 billion, a PE ratio of 14.43 and a beta of 1.94. Whirlpool Corp. has a 1-year low of $123.60 and a 1-year high of $194.10. The company’s 50-day moving average price is $159.64 and its 200 day moving average price is $172.18.
Whirlpool Corp. (NYSE:WHR) last issued its quarterly earnings results on Tuesday, October 25th. The company reported $3.66 earnings per share for the quarter, missing analysts’ consensus estimates of $3.88 by $0.22. Whirlpool Corp. had a return on equity of 18.64% and a net margin of 4.31%. The business had revenue of $5.20 billion for the quarter, compared to analysts’ expectations of $5.34 billion. During the same period in the prior year, the company earned $3.45 EPS. The company’s revenue for the quarter was down .5% compared to the same quarter last year. On average, equities analysts anticipate that Whirlpool Corp. will post $14.14 EPS for the current year.
A number of research analysts have weighed in on the company. MKM Partners increased their price target on Whirlpool Corp. from $204.00 to $215.00 and gave the stock a “buy” rating in a research note on Monday, July 25th. Raymond James Financial Inc. lowered Whirlpool Corp. from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 25th. Gabelli lowered Whirlpool Corp. from a “buy” rating to a “hold” rating in a research note on Monday, September 12th. Zacks Investment Research raised Whirlpool Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, October 20th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $182.00 target price on shares of Whirlpool Corp. in a research report on Thursday, October 27th. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $189.86.
In related news, insider David T. Szczupak sold 10,307 shares of Whirlpool Corp. stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $181.33, for a total value of $1,868,968.31. Following the completion of the transaction, the insider now directly owns 4,807 shares in the company, valued at $871,653.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.62% of the stock is owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of the company. Public Sector Pension Investment Board increased its position in Whirlpool Corp. by 14.3% in the second quarter. Public Sector Pension Investment Board now owns 14,426 shares of the company’s stock worth $2,404,000 after buying an additional 1,800 shares during the period. National Pension Service increased its position in Whirlpool Corp. by 12.5% in the second quarter. National Pension Service now owns 56,450 shares of the company’s stock worth $9,407,000 after buying an additional 6,255 shares during the period. GAM Holding AG increased its position in Whirlpool Corp. by 87.2% in the second quarter. GAM Holding AG now owns 16,333 shares of the company’s stock worth $2,722,000 after buying an additional 7,608 shares during the period. Canada Pension Plan Investment Board increased its position in Whirlpool Corp. by 147.6% in the second quarter. Canada Pension Plan Investment Board now owns 55,700 shares of the company’s stock worth $9,282,000 after buying an additional 33,200 shares during the period. Finally, Employees Retirement System of Texas increased its position in Whirlpool Corp. by 300.0% in the second quarter. Employees Retirement System of Texas now owns 4,000 shares of the company’s stock worth $667,000 after buying an additional 3,000 shares during the period. Institutional investors and hedge funds own 90.04% of the company’s stock.
Whirlpool Corp. Company Profile
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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