Foundry Partners LLC Increases Position in Whirlpool Corp. (WHR)
Foundry Partners LLC raised its position in shares of Whirlpool Corp. (NYSE:WHR) by 9.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 36,558 shares of the company’s stock after buying an additional 3,090 shares during the period. Foundry Partners LLC’s holdings in Whirlpool Corp. were worth $5,928,000 as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. CI Investments Inc. acquired a new stake in shares of Whirlpool Corp. during the second quarter worth about $81,358,000. Eaton Vance Management boosted its stake in shares of Whirlpool Corp. by 4,441.1% in the second quarter. Eaton Vance Management now owns 388,988 shares of the company’s stock worth $64,821,000 after buying an additional 380,422 shares during the period. Neuberger Berman Group LLC boosted its stake in shares of Whirlpool Corp. by 68.9% in the second quarter. Neuberger Berman Group LLC now owns 804,176 shares of the company’s stock worth $134,008,000 after buying an additional 327,929 shares during the period. Massachusetts Financial Services Co. MA acquired a new stake in shares of Whirlpool Corp. during the second quarter worth about $37,388,000. Finally, Anchor Bolt Capital LP boosted its stake in shares of Whirlpool Corp. by 150.1% in the second quarter. Anchor Bolt Capital LP now owns 320,244 shares of the company’s stock worth $53,365,000 after buying an additional 192,190 shares during the period. 90.44% of the stock is owned by institutional investors.
Shares of Whirlpool Corp. (NYSE:WHR) traded down 1.36% during mid-day trading on Friday, reaching $161.05. 683,514 shares of the company traded hands. The stock has a market capitalization of $12.10 billion, a PE ratio of 14.08 and a beta of 1.94. Whirlpool Corp. has a 52 week low of $123.60 and a 52 week high of $194.10. The firm has a 50 day moving average of $159.60 and a 200-day moving average of $172.02.
Whirlpool Corp. (NYSE:WHR) last released its earnings results on Tuesday, October 25th. The company reported $3.66 earnings per share for the quarter, missing the consensus estimate 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 the consensus estimate of $5.34 billion. During the same quarter last year, the business posted $3.45 earnings per share. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. On average, equities research analysts expect that Whirlpool Corp. will post $14.14 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Friday, November 18th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Wednesday, November 16th. This represents a $4.00 annualized dividend and a dividend yield of 2.48%. Whirlpool Corp.’s dividend payout ratio (DPR) is 34.93%.
A number of research firms recently commented on WHR. Zacks Investment Research lowered shares of Whirlpool Corp. from a “hold” rating to a “sell” rating in a report on Thursday, September 29th. MKM Partners upped their price target on shares of Whirlpool Corp. from $204.00 to $215.00 and gave the company a “buy” rating in a report on Monday, July 25th. Gabelli downgraded shares of Whirlpool Corp. from a “buy” rating to a “hold” rating in a research report on Monday, September 12th. Raymond James Financial Inc. downgraded shares of Whirlpool Corp. from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 25th. 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 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 stock. Whirlpool Corp. has a consensus rating of “Buy” and an average price target of $189.86.
In other news, insider David T. Szczupak sold 10,307 shares of Whirlpool Corp. stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $181.33, for a total transaction of $1,868,968.31. Following the completion of the sale, the insider now directly owns 4,807 shares in the company, valued at $871,653.31. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 2.62% 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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