Dimension Capital Management Partners Takes Position in Whirlpool Corporation (WHR)
Dimension Capital Management Partners acquired a new position in shares of Whirlpool Corporation (NYSE:WHR) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 8,112 shares of the company’s stock, valued at approximately $1,554,000. Whirlpool Corporation makes up 0.5% of Dimension Capital Management Partners’ investment portfolio, making the stock its 17th largest position.
Other large investors also recently made changes to their positions in the company. Dupont Capital Management Corp bought a new stake in shares of Whirlpool Corporation during the 2nd quarter worth approximately $100,000. Global X Management Co. LLC raised its stake in shares of Whirlpool Corporation by 33.1% during the 1st quarter. Global X Management Co. LLC now owns 989 shares of the company’s stock worth $169,000 after purchasing an additional 246 shares in the last quarter. IBM Retirement Fund bought a new stake in shares of Whirlpool Corporation during the 2nd quarter worth approximately $205,000. Tokio Marine Asset Management Co. Ltd. bought a new stake in shares of Whirlpool Corporation during the 2nd quarter worth approximately $206,000. Finally, Wetherby Asset Management Inc. bought a new stake in shares of Whirlpool Corporation during the 2nd quarter worth approximately $206,000. Institutional investors own 91.52% of the company’s stock.
Shares of Whirlpool Corporation (NYSE:WHR) traded up 0.97% on Friday, reaching $173.29. The company’s stock had a trading volume of 551,587 shares. Whirlpool Corporation has a 52-week low of $145.91 and a 52-week high of $202.99. The stock has a market cap of $12.65 billion, a P/E ratio of 17.34 and a beta of 1.77. The firm’s 50 day moving average is $177.89 and its 200-day moving average is $180.37.
Whirlpool Corporation (NYSE:WHR) last issued its earnings results on Wednesday, July 26th. The company reported $3.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.54 by $0.19. The firm 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 quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.50 earnings per share. On average, equities research analysts forecast that Whirlpool Corporation will post $14.64 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $4.40 annualized dividend and a dividend yield of 2.54%. Whirlpool Corporation’s payout ratio is presently 44.04%.
Whirlpool Corporation declared that its Board of Directors has authorized a stock buyback plan on Wednesday, July 26th that authorizes the company to repurchase $2.35 billion in shares. This repurchase authorization authorizes the company to repurchase up to 16.7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.
A number of research firms recently weighed in on WHR. ValuEngine lowered Whirlpool Corporation from a “buy” rating to a “hold” rating in a report on Friday. BidaskClub lowered Whirlpool Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Royal Bank Of Canada reissued a “top pick” rating and set a $216.00 target price (down from $226.00) on shares of Whirlpool Corporation in a report on Tuesday, June 20th. Zacks Investment Research lowered Whirlpool Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Finally, Credit Suisse Group began coverage on Whirlpool Corporation in a report on Thursday, June 22nd. They set a “neutral” rating and a $208.00 target price on the stock. Seven analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $194.71.
In other news, Director William D. Perez bought 1,000 shares of the stock in a transaction on 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 completion of the purchase, the director now directly owns 7,239 shares in the company, valued at approximately $1,280,796.27. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.69% of the company’s stock.
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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