Investors Buy Whirlpool Corporation (WHR) on Weakness
Traders purchased shares of Whirlpool Corporation (NYSE:WHR) on weakness during trading on Tuesday. $35.37 million flowed into the stock on the tick-up and $18.73 million flowed out of the stock on the tick-down, for a money net flow of $16.64 million into the stock. Of all equities tracked, Whirlpool Corporation had the 27th highest net in-flow for the day. Whirlpool Corporation traded down ($0.46) for the day and closed at $173.19
WHR has been the topic of several research analyst reports. BidaskClub cut shares of Whirlpool Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Credit Suisse Group AG initiated coverage on shares of Whirlpool Corporation in a report on Thursday, June 22nd. They issued a “neutral” rating and a $208.00 price target on the stock. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $216.00 price target on shares of Whirlpool Corporation in a report on Friday, June 2nd. Finally, Zacks Investment Research cut shares of Whirlpool Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, April 19th. Six analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Whirlpool Corporation currently has a consensus rating of “Hold” and an average price target of $194.71.
The company has a market capitalization of $12.64 billion, a P/E ratio of 17.33 and a beta of 1.79. The stock has a 50-day moving average of $185.41 and a 200 day moving average of $180.85.
Whirlpool Corporation (NYSE:WHR) last announced its quarterly earnings results on Wednesday, July 26th. The company reported $3.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.54 by $0.19. The company had revenue of $5.35 billion during the quarter, compared to the consensus estimate of $5.35 billion. Whirlpool Corporation had a net margin of 3.61% and a return on equity of 18.17%. The business’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.50 earnings per share. Equities research analysts predict that Whirlpool Corporation will post $14.63 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 2.54%. Whirlpool Corporation’s dividend payout ratio is currently 44.04%.
Whirlpool Corporation announced that its Board of Directors has initiated a share repurchase plan on Wednesday, July 26th that authorizes the company to repurchase $2.35 billion in outstanding shares. This repurchase authorization authorizes the company to purchase up to 16.7% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.
In other Whirlpool Corporation news, Director William D. Perez bought 1,000 shares of Whirlpool Corporation stock in a transaction dated Monday, July 31st. The shares were purchased at an average cost of $176.93 per share, for a total transaction of $176,930.00. Following the acquisition, the director now directly owns 7,239 shares in the company, valued at approximately $1,280,796.27. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 2.69% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. Westwood Holdings Group Inc. acquired a new stake in Whirlpool Corporation during the second quarter worth $153,000. Ameritas Investment Partners Inc. increased its stake in Whirlpool Corporation by 19.5% in the second quarter. Ameritas Investment Partners Inc. now owns 10,210 shares of the company’s stock worth $1,955,000 after buying an additional 1,665 shares during the period. Delphi Management Inc. MA increased its stake in Whirlpool Corporation by 98.5% in the second quarter. Delphi Management Inc. MA now owns 26,109 shares of the company’s stock worth $4,736,000 after buying an additional 12,954 shares during the period. Martin & Co. Inc. TN increased its stake in Whirlpool Corporation by 0.6% in the second quarter. Martin & Co. Inc. TN now owns 26,691 shares of the company’s stock worth $5,115,000 after buying an additional 169 shares during the period. Finally, Nomura Holdings Inc. increased its stake in Whirlpool Corporation by 141.7% in the second quarter. Nomura Holdings Inc. now owns 6,506 shares of the company’s stock worth $1,245,000 after buying an additional 3,814 shares during the period. Hedge funds and other institutional investors own 94.26% of the company’s stock.
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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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