Amalgamated Bank Boosts Stake in Whirlpool Corporation (WHR)
Amalgamated Bank grew its stake in shares of Whirlpool Corporation (NYSE:WHR) by 56.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,214 shares of the company’s stock after buying an additional 2,947 shares during the quarter. Amalgamated Bank’s holdings in Whirlpool Corporation were worth $1,574,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Dupont Capital Management Corp purchased a new stake in shares of Whirlpool Corporation during the 2nd quarter valued at $100,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Whirlpool Corporation by 26.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 644 shares of the company’s stock valued at $123,000 after buying an additional 135 shares in the last quarter. Global X Management Co. LLC raised its position 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 valued at $169,000 after buying an additional 246 shares in the last quarter. IBM Retirement Fund purchased a new stake in shares of Whirlpool Corporation during the 2nd quarter valued at $205,000. Finally, Tokio Marine Asset Management Co. Ltd. purchased a new stake in shares of Whirlpool Corporation during the 2nd quarter valued at $206,000. Hedge funds and other institutional investors own 91.47% of the company’s stock.
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Whirlpool Corporation (NYSE WHR) opened at 170.38 on Thursday. The company has a market cap of $12.43 billion, a price-to-earnings ratio of 17.05 and a beta of 1.77. The company’s 50 day moving average is $172.40 and its 200 day moving average is $179.94. Whirlpool Corporation has a 12-month low of $145.91 and a 12-month high of $202.99.
Whirlpool Corporation (NYSE:WHR) last released its quarterly earnings results on Wednesday, July 26th. The company reported $3.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.54 by ($0.19). The business had revenue of $5.35 billion for the quarter, compared to analysts’ expectations of $5.35 billion. Whirlpool Corporation had a net margin of 3.61% and a return on equity of 18.17%. Whirlpool Corporation’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the previous year, the company earned $3.50 EPS. Analysts forecast that Whirlpool Corporation will post $14.63 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, August 25th were paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date of this dividend was Wednesday, August 23rd. Whirlpool Corporation’s payout ratio is 44.04%.
Whirlpool Corporation announced that its board has initiated a share buyback plan on Wednesday, July 26th that allows the company to buyback $2.35 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 16.7% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.
In other Whirlpool Corporation news, Director William D. Perez purchased 1,000 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The shares were bought at an average price of $176.93 per share, with a total value of $176,930.00. Following the completion of the purchase, the director now directly owns 7,239 shares in the company, valued at $1,280,796.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.69% of the stock is owned by corporate insiders.
Several analysts have recently weighed in on WHR shares. Royal Bank Of Canada restated a “buy” rating and set a $216.00 price objective on shares of Whirlpool Corporation in a research report on Friday, June 2nd. Credit Suisse Group started coverage on shares of Whirlpool Corporation in a research report on Thursday, June 22nd. They set a “neutral” rating and a $208.00 price objective on the stock. BidaskClub cut shares of Whirlpool Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Zacks Investment Research cut shares of Whirlpool Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Finally, ValuEngine cut shares of Whirlpool Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Six research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Whirlpool Corporation has a consensus rating of “Hold” and an average price target of $194.71.
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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