Norinchukin Bank The Raises Position in Whirlpool Corporation (WHR)
Norinchukin Bank The increased its stake in Whirlpool Corporation (NYSE:WHR) by 6.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,841 shares of the company’s stock after buying an additional 285 shares during the period. Norinchukin Bank The’s holdings in Whirlpool Corporation were worth $829,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. LLBH Private Wealth Management LLC raised its position in shares of Whirlpool Corporation by 0.4% in the first quarter. LLBH Private Wealth Management LLC now owns 1,177 shares of the company’s stock valued at $202,000 after buying an additional 5 shares during the last quarter. Bollard Group LLC raised its stake in Whirlpool Corporation by 0.6% in the first quarter. Bollard Group LLC now owns 2,158 shares of the company’s stock valued at $370,000 after buying an additional 12 shares in the last quarter. Ontario Teachers Pension Plan Board raised its stake in Whirlpool Corporation by 1.5% in the third quarter. Ontario Teachers Pension Plan Board now owns 2,064 shares of the company’s stock valued at $335,000 after buying an additional 31 shares in the last quarter. Smith Moore & CO. raised its stake in Whirlpool Corporation by 1.0% in the first quarter. Smith Moore & CO. now owns 3,332 shares of the company’s stock valued at $571,000 after buying an additional 34 shares in the last quarter. Finally, Intrust Bank NA raised its stake in Whirlpool Corporation by 0.7% in the third quarter. Intrust Bank NA now owns 6,250 shares of the company’s stock valued at $1,013,000 after buying an additional 42 shares in the last quarter. Institutional investors own 96.63% of the company’s stock.
Shares of Whirlpool Corporation (NYSE WHR) opened at 195.87 on Friday. The company’s 50-day moving average is $186.32 and its 200-day moving average is $178.55. Whirlpool Corporation has a 12 month low of $145.91 and a 12 month high of $202.99. The firm has a market cap of $14.49 billion, a price-to-earnings ratio of 16.86 and a beta of 1.76.
Whirlpool Corporation (NYSE:WHR) last issued its quarterly earnings results on Monday, April 24th. The company reported $2.50 earnings per share for the quarter, missing the consensus estimate of $2.65 by $0.15. The business had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $4.74 billion. Whirlpool Corporation had a return on equity of 18.37% and a net margin of 4.27%. Whirlpool Corporation’s revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the business earned $2.63 earnings per share. On average, equities research analysts forecast that Whirlpool Corporation will post $15.12 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Friday, May 19th were paid a $1.10 dividend. The ex-dividend date of this dividend was Wednesday, May 17th. This is a boost from Whirlpool Corporation’s previous quarterly dividend of $1.00. This represents a $4.40 annualized dividend and a dividend yield of 2.25%. Whirlpool Corporation’s dividend payout ratio (DPR) is currently 37.87%.
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WHR has been the topic of several research reports. Zacks Investment Research lowered shares of Whirlpool Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, April 19th. Royal Bank Of Canada reiterated a “buy” rating and issued a $216.00 price target on shares of Whirlpool Corporation in a research report on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. Whirlpool Corporation has a consensus rating of “Hold” and an average price target of $191.43.
In related news, insider Marc R. Bitzer sold 19,314 shares of the firm’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $183.84, for a total value of $3,550,685.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.69% of the stock is currently owned by company insiders.
Whirlpool Corporation Company Profile
Whirlpool Corporation is a manufacturer and marketer of home appliances. The Company’s segments include North America; Europe, Middle East and Africa (EMEA); Latin America, and Asia. In North America, the Company markets and distributes home appliances and small domestic appliances under a range of brand names.
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