AHL Partners LLP Grows Holdings in Whirlpool Corporation (WHR)
AHL Partners LLP raised its stake in Whirlpool Corporation (NYSE:WHR) by 113.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,434 shares of the company’s stock after buying an additional 20,405 shares during the period. AHL Partners LLP owned about 0.05% of Whirlpool Corporation worth $7,364,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors also recently added to or reduced their stakes in the business. LLBH Private Wealth Management LLC boosted its position in Whirlpool Corporation by 0.5% in the 2nd quarter. LLBH Private Wealth Management LLC now owns 1,183 shares of the company’s stock valued at $227,000 after buying an additional 6 shares during the period. Savant Capital LLC boosted its position in Whirlpool Corporation by 0.3% in the 2nd quarter. Savant Capital LLC now owns 2,789 shares of the company’s stock valued at $534,000 after buying an additional 9 shares during the period. QS Investors LLC boosted its position in Whirlpool Corporation by 0.4% in the 2nd quarter. QS Investors LLC now owns 2,355 shares of the company’s stock valued at $451,000 after buying an additional 10 shares during the period. Bollard Group LLC boosted its position in Whirlpool Corporation by 0.6% in the 2nd quarter. Bollard Group LLC now owns 2,170 shares of the company’s stock valued at $416,000 after buying an additional 12 shares during the period. Finally, CIBC Asset Management Inc boosted its position in Whirlpool Corporation by 0.3% in the 2nd quarter. CIBC Asset Management Inc now owns 7,118 shares of the company’s stock valued at $1,364,000 after buying an additional 21 shares during the period. 91.47% of the stock is owned by institutional investors.
Several equities research analysts have recently weighed in on WHR shares. BidaskClub cut shares of Whirlpool Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. ValuEngine raised shares of Whirlpool Corporation from a “hold” rating to a “buy” rating in a research report on Monday. Zacks Investment Research cut shares of Whirlpool Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Credit Suisse Group started coverage on shares of Whirlpool Corporation in a research report on Thursday, June 22nd. They issued a “neutral” rating and a $208.00 price target for the company. Finally, Royal Bank Of Canada reaffirmed a “top pick” rating and issued a $216.00 price target (down previously from $226.00) on shares of Whirlpool Corporation in a research report on Tuesday, June 20th. Five equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $193.17.
Shares of Whirlpool Corporation (NYSE:WHR) opened at 185.94 on Thursday. The company’s 50-day moving average is $173.91 and its 200-day moving average is $180.23. The stock has a market cap of $13.57 billion, a PE ratio of 18.61 and a beta of 1.76. Whirlpool Corporation has a 52-week low of $145.91 and a 52-week high of $202.99.
Whirlpool Corporation (NYSE:WHR) last issued 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). Whirlpool Corporation had a return on equity of 18.17% and a net margin of 3.61%. The firm had revenue of $5.35 billion during the quarter, compared to analysts’ expectations of $5.35 billion. During the same quarter in the prior year, the firm earned $3.50 EPS. The firm’s revenue was up 2.9% compared to the same quarter last year. Equities analysts anticipate that Whirlpool Corporation will post $14.64 EPS for the current year.
Whirlpool Corporation declared that its Board of Directors has initiated a share repurchase program on Wednesday, July 26th that permits the company to repurchase $2.35 billion in shares. This repurchase authorization permits the company to reacquire up to 16.7% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.
The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, August 25th were paid a $1.10 dividend. The ex-dividend date of this dividend was Wednesday, August 23rd. This represents a $4.40 dividend on an annualized basis and a yield of 2.37%. Whirlpool Corporation’s dividend payout ratio is currently 44.04%.
In other news, Director William D. Perez purchased 1,000 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The stock was bought at an average price 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 of the company’s stock, valued at $1,280,796.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.69% of the stock is owned by insiders.
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Whirlpool Corporation 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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