Cornerstone Capital Management Holdings LLC. decreased its position in shares of Whirlpool Co. (NYSE:WHR) by 57.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,499 shares of the company’s stock after selling 36,551 shares during the period. Cornerstone Capital Management Holdings LLC.’s holdings in Whirlpool were worth $5,071,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dupont Capital Management Corp bought a new position in Whirlpool during the second quarter valued at about $100,000. Sun Life Financial INC raised 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 valued at $104,000 after buying an additional 534 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised 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 valued at $123,000 after buying an additional 135 shares in the last quarter. Westwood Holdings Group Inc. bought a new position in Whirlpool during the second quarter valued at about $153,000. Finally, WESPAC Advisors SoCal LLC bought a new position in Whirlpool during the second quarter valued at about $191,000. 92.75% of the stock is owned by hedge funds and other institutional investors.

Whirlpool Co. (NYSE:WHR) traded up $0.57 during trading on Friday, hitting $164.49. The stock had a trading volume of 1,210,000 shares, compared to its average volume of 841,787. The company has a quick ratio of 0.55, a current ratio of 0.90 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $11,779.75, a price-to-earnings ratio of 11.70, a PEG ratio of 1.66 and a beta of 1.88. Whirlpool Co. has a twelve month low of $158.80 and a twelve month high of $202.99.

Whirlpool (NYSE:WHR) last posted its quarterly earnings data on Monday, October 23rd. The company reported $3.83 EPS for the quarter, missing analysts’ consensus estimates of $3.90 by ($0.07). The business had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $5.50 billion. Whirlpool had a return on equity of 18.45% and a net margin of 3.76%. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.66 earnings per share. analysts predict that Whirlpool Co. will post 13.7 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, November 17th were paid a $1.10 dividend. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.67%. Whirlpool’s payout ratio is presently 41.47%.

WHR has been the topic of several recent research reports. Zacks Investment Research lowered Whirlpool from a “hold” rating to a “strong sell” rating in a report on Friday, October 27th. ValuEngine upgraded Whirlpool from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Royal Bank of Canada lowered Whirlpool from a “top pick” rating to a “sector perform” rating and dropped their price objective for the stock from $209.00 to $184.00 in a research note on Tuesday, October 24th. MKM Partners set a $177.00 price objective on Whirlpool and gave the stock a “hold” rating in a research note on Friday, October 6th. Finally, Bank of America lowered Whirlpool from a “buy” rating to a “neutral” rating and set a $183.00 price objective on the stock. in a research note on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $183.60.

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About Whirlpool

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.

Institutional Ownership by Quarter for Whirlpool (NYSE:WHR)

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