Janney Capital Management LLC Lowers Position in Whirlpool Co. (WHR)
Janney Capital Management LLC decreased its position in Whirlpool Co. (NYSE:WHR) by 3.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 70,174 shares of the company’s stock after selling 2,530 shares during the period. Janney Capital Management LLC owned 0.10% of Whirlpool worth $12,942,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Dupont Capital Management Corp purchased a new stake in Whirlpool during the second quarter worth $100,000. Sun Life Financial INC lifted its holdings in Whirlpool by 7,628.6% during the second quarter. Sun Life Financial INC now owns 541 shares of the company’s stock worth $104,000 after buying an additional 534 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in Whirlpool by 26.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 644 shares of the company’s stock worth $123,000 after buying an additional 135 shares during the period. Valeo Financial Advisors LLC purchased a new stake in Whirlpool during the third quarter worth $129,000. Finally, Westwood Holdings Group Inc. purchased a new stake in Whirlpool during the second quarter worth $153,000. Hedge funds and other institutional investors own 92.75% of the company’s stock.
Shares of Whirlpool Co. (NYSE:WHR) traded down $0.79 on Monday, hitting $169.70. The stock had a trading volume of 579,100 shares, compared to its average volume of 848,959. Whirlpool Co. has a 12-month low of $158.80 and a 12-month high of $202.99. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.55 and a current ratio of 0.90. The stock has a market cap of $12,204.46, a price-to-earnings ratio of 12.12, a PEG ratio of 1.72 and a beta of 1.88.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 17th will be issued a dividend of $1.10 per share. The ex-dividend date is Thursday, November 16th. This represents a $4.40 annualized dividend and a dividend yield of 2.59%. Whirlpool’s dividend payout ratio is presently 41.47%.
WHR has been the subject of a number of analyst reports. ValuEngine lowered Whirlpool from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research upgraded Whirlpool from a “sell” rating to a “hold” rating in a report on Thursday, October 5th. MKM Partners set a $177.00 target price on Whirlpool and gave the stock a “hold” rating in a report on Friday, October 6th. Royal Bank Of Canada restated a “buy” rating and set a $209.00 target price on shares of Whirlpool in a report on Tuesday, October 10th. Finally, Bank of America lowered Whirlpool from a “buy” rating to a “neutral” rating and set a $183.00 target price for the company. in a report on Tuesday, October 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. Whirlpool currently has a consensus rating of “Hold” and an average target price of $183.60.
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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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