Whirlpool Corporation (WHR) Shares Bought by Mawer Investment Management Ltd.
Mawer Investment Management Ltd. grew its position in Whirlpool Corporation (NYSE:WHR) by 2.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,392 shares of the company’s stock after acquiring an additional 880 shares during the quarter. Mawer Investment Management Ltd. owned about 0.05% of Whirlpool Corporation worth $6,897,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. PGGM Investments boosted its holdings in shares of Whirlpool Corporation by 0.6% in the third quarter. PGGM Investments now owns 188,413 shares of the company’s stock valued at $34,751,000 after acquiring an additional 1,094 shares during the period. State Board of Administration of Florida Retirement System boosted its holdings in shares of Whirlpool Corporation by 0.9% in the second quarter. State Board of Administration of Florida Retirement System now owns 112,378 shares of the company’s stock valued at $21,534,000 after acquiring an additional 1,038 shares during the period. Homrich & Berg boosted its holdings in shares of Whirlpool Corporation by 16.6% in the second quarter. Homrich & Berg now owns 3,131 shares of the company’s stock valued at $600,000 after acquiring an additional 446 shares during the period. BT Investment Management Ltd acquired a new stake in shares of Whirlpool Corporation in the second quarter valued at approximately $2,065,000. Finally, Greenhaven Associates Inc. boosted its holdings in shares of Whirlpool Corporation by 0.6% in the second quarter. Greenhaven Associates Inc. now owns 2,737,150 shares of the company’s stock valued at $524,493,000 after acquiring an additional 17,280 shares during the period. 92.73% of the stock is owned by institutional investors and hedge funds.
WHR has been the subject of several research analyst reports. Zacks Investment Research downgraded Whirlpool Corporation from a “hold” rating to a “strong sell” rating in a report on Friday, October 27th. ValuEngine raised Whirlpool Corporation from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Royal Bank Of Canada downgraded Whirlpool Corporation from a “top pick” rating to a “sector perform” rating and decreased their price objective for the company from $209.00 to $184.00 in a report on Tuesday, October 24th. BidaskClub downgraded Whirlpool Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Finally, MKM Partners set a $177.00 price target on Whirlpool Corporation and gave the stock a “hold” rating in a report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. Whirlpool Corporation presently has an average rating of “Hold” and an average target price of $184.67.
Shares of Whirlpool Corporation (WHR) traded up $3.68 during midday trading on Wednesday, hitting $168.88. The company had a trading volume of 1,400,800 shares, compared to its average volume of 846,700. The company has a current ratio of 0.90, a quick ratio of 0.55 and a debt-to-equity ratio of 0.65. Whirlpool Corporation has a 52-week low of $158.80 and a 52-week high of $202.99. The firm has a market capitalization of $12,140.00, a P/E ratio of 11.79, a PEG ratio of 1.60 and a beta of 1.87.
Whirlpool Corporation (NYSE:WHR) last issued its quarterly earnings results on Monday, October 23rd. The company reported $3.83 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.90 by ($0.07). Whirlpool Corporation had a return on equity of 18.45% and a net margin of 3.76%. The company had revenue of $5.42 billion for the quarter, compared to analyst estimates of $5.50 billion. During the same period in the prior year, the business earned $3.66 earnings per share. Whirlpool Corporation’s revenue for the quarter was up 3.2% compared to the same quarter last year. research analysts expect that Whirlpool Corporation will post 13.7 EPS for the current year.
Whirlpool Corporation announced that its board has approved a share repurchase plan on Wednesday, July 26th that allows the company to repurchase $2.35 billion in shares. This repurchase authorization allows the company to buy up to 16.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its shares are undervalued.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 17th will be issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a dividend yield of 2.61%. The ex-dividend date is Thursday, November 16th. Whirlpool Corporation’s dividend payout ratio is presently 41.51%.
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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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