Amalgamated Bank Boosts Position in Whirlpool Co. (WHR)
Amalgamated Bank boosted its stake in shares of Whirlpool Co. (NYSE:WHR) by 8.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,910 shares of the company’s stock after buying an additional 665 shares during the quarter. Amalgamated Bank’s holdings in Whirlpool were worth $1,503,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Commerce Bank grew its position in Whirlpool by 35.2% during the fourth quarter. Commerce Bank now owns 3,451 shares of the company’s stock valued at $581,000 after buying an additional 898 shares during the period. Brandes Investment Partners LP bought a new position in Whirlpool during the fourth quarter worth about $1,952,000. King Luther Capital Management Corp boosted its position in Whirlpool by 13.2% during the fourth quarter. King Luther Capital Management Corp now owns 221,613 shares of the company’s stock worth $37,373,000 after purchasing an additional 25,919 shares during the period. Lafayette Investments Inc. bought a new position in Whirlpool during the fourth quarter worth about $668,000. Finally, Navellier & Associates Inc bought a new position in Whirlpool during the fourth quarter worth about $2,418,000. Institutional investors own 90.19% of the company’s stock.
Whirlpool Co. (NYSE:WHR) opened at $164.06 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.58 and a debt-to-equity ratio of 0.86. The firm has a market cap of $11,223.86, a PE ratio of 35.98, a price-to-earnings-growth ratio of 0.86 and a beta of 1.84. Whirlpool Co. has a 1 year low of $156.37 and a 1 year high of $202.99.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Friday, March 2nd will be given a $1.10 dividend. The ex-dividend date of this dividend is Thursday, March 1st. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.68%. Whirlpool’s dividend payout ratio (DPR) is currently 96.49%.
A number of equities analysts have weighed in on the stock. Raymond James Financial upgraded shares of Whirlpool from a “market perform” rating to an “outperform” rating and set a $200.00 target price for the company in a research report on Friday, January 26th. UBS Group upgraded shares of Whirlpool from a “market perform” rating to an “outperform” rating in a research report on Friday, January 26th. Royal Bank of Canada increased their target price on shares of Whirlpool to $200.00 and gave the stock an “in-line” rating in a research report on Monday, January 29th. KeyCorp reiterated an “equal weight” rating on shares of Whirlpool in a research report on Monday, January 29th. Finally, Zacks Investment Research upgraded shares of Whirlpool from a “sell” rating to a “hold” rating in a research report on Thursday, January 25th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $189.40.
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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