Whirlpool Co. (WHR) Shares Sold by Nomura Asset Management Co. Ltd.
Nomura Asset Management Co. Ltd. trimmed its holdings in Whirlpool Co. (NYSE:WHR) by 4.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 10,474 shares of the company’s stock after selling 474 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Whirlpool were worth $1,932,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the business. LLBH Private Wealth Management LLC boosted its stake in Whirlpool by 0.5% in the 2nd quarter. LLBH Private Wealth Management LLC now owns 1,183 shares of the company’s stock worth $227,000 after buying an additional 6 shares during the last quarter. QS Investors LLC boosted its stake in Whirlpool by 0.4% in the 2nd quarter. QS Investors LLC now owns 2,355 shares of the company’s stock worth $451,000 after buying an additional 10 shares during the last quarter. Conning Inc. boosted its stake in Whirlpool by 0.7% in the 2nd quarter. Conning Inc. now owns 4,386 shares of the company’s stock worth $840,000 after buying an additional 30 shares during the last quarter. Nordea Investment Management AB boosted its stake in Whirlpool by 0.9% in the 2nd quarter. Nordea Investment Management AB now owns 4,814 shares of the company’s stock worth $922,000 after buying an additional 44 shares during the last quarter. Finally, First Allied Advisory Services Inc. boosted its stake in Whirlpool by 3.3% in the 2nd quarter. First Allied Advisory Services Inc. now owns 1,768 shares of the company’s stock worth $338,000 after buying an additional 57 shares during the last quarter. 92.75% of the stock is currently owned by hedge funds and other institutional investors.
WHR has been the topic of a number of research analyst reports. Bank of America lowered Whirlpool from a “buy” rating to a “neutral” rating and set a $183.00 price target on the stock. in a research note on Tuesday, October 24th. Zacks Investment Research lowered Whirlpool from a “hold” rating to a “sell” rating in a research note on Wednesday, October 18th. MKM Partners set a $177.00 price target on Whirlpool and gave the stock a “hold” rating in a research note on Friday, October 6th. Royal Bank of Canada reissued a “buy” rating and issued a $209.00 price target on shares of Whirlpool in a research note on Tuesday, October 10th. Finally, ValuEngine lowered Whirlpool from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $183.60.
Whirlpool (NYSE:WHR) last released its quarterly earnings data on Monday, October 23rd. The company reported $3.83 earnings per share for the quarter, missing the consensus estimate of $3.90 by ($0.07). The firm had revenue of $5.42 billion during the quarter, compared to analyst estimates of $5.50 billion. Whirlpool had a net margin of 3.76% and a return on equity of 18.45%. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the prior year, the firm earned $3.66 earnings per share. equities analysts expect that Whirlpool Co. will post 13.7 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 17th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend is Thursday, November 16th. Whirlpool’s dividend payout ratio is currently 41.47%.
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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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