Strs Ohio Buys 2,035 Shares of Whirlpool Co. (WHR)
Strs Ohio increased its stake in Whirlpool Co. (NYSE:WHR) by 44.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,650 shares of the company’s stock after acquiring an additional 2,035 shares during the period. Strs Ohio’s holdings in Whirlpool were worth $972,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Assetmark Inc. raised its position in Whirlpool by 88.1% during the 1st quarter. Assetmark Inc. now owns 713 shares of the company’s stock valued at $109,000 after purchasing an additional 334 shares during the last quarter. Piedmont Investment Advisors LLC bought a new position in Whirlpool during the 2nd quarter valued at approximately $111,000. FNY Investment Advisers LLC bought a new position in Whirlpool during the 2nd quarter valued at approximately $123,000. Clearwater Capital Advisors LLC bought a new position in Whirlpool during the 1st quarter valued at approximately $126,000. Finally, Norway Savings Bank bought a new position in Whirlpool during the 2nd quarter valued at approximately $132,000. 93.16% of the stock is owned by institutional investors.
In other news, Director Diane M. Dietz bought 1,600 shares of Whirlpool stock in a transaction on Thursday, July 26th. The shares were purchased at an average price of $124.26 per share, for a total transaction of $198,816.00. Following the acquisition, the director now owns 8,339 shares of the company’s stock, valued at $1,036,204.14. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.83% of the stock is currently owned by corporate insiders.
Whirlpool (NYSE:WHR) last posted its earnings results on Monday, July 23rd. The company reported $3.20 earnings per share for the quarter, missing analysts’ consensus estimates of $3.63 by ($0.43). Whirlpool had a positive return on equity of 20.73% and a negative net margin of 2.62%. The firm had revenue of $5.14 billion for the quarter, compared to analysts’ expectations of $5.29 billion. During the same quarter last year, the company posted $3.35 EPS. The firm’s revenue was down 3.9% on a year-over-year basis. analysts expect that Whirlpool Co. will post 14.2 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Saturday, September 15th. Shareholders of record on Friday, August 31st will be issued a dividend of $1.15 per share. The ex-dividend date of this dividend is Thursday, August 30th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.64%. Whirlpool’s dividend payout ratio (DPR) is 33.48%.
A number of research firms have commented on WHR. Zacks Investment Research raised Whirlpool from a “sell” rating to a “hold” rating in a research report on Sunday, July 15th. Standpoint Research began coverage on Whirlpool in a research report on Tuesday, July 10th. They set a “buy” rating for the company. Longbow Research lowered Whirlpool from a “buy” rating to a “neutral” rating and set a $185.00 price target for the company. in a research report on Tuesday, July 24th. Credit Suisse Group set a $175.00 price target on Whirlpool and gave the company a “buy” rating in a research report on Tuesday, July 24th. Finally, ValuEngine lowered Whirlpool from a “sell” rating to a “strong sell” rating in a research report on Saturday, June 2nd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $174.75.
Whirlpool Corporation manufactures and markets home appliances and related products. It operates through four segments: North America; Europe, Middle East and Africa; Latin America; and Asia. The company's principal products include laundry appliances, refrigerators and freezers, cooking appliances, dishwashers, mixers, and other small domestic appliances.
Featured Story: How do investors use RSI to grade stocks?
Want to see what other hedge funds are holding WHR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Whirlpool Co. (NYSE:WHR).
Receive News & Ratings for Whirlpool Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Whirlpool and related companies with MarketBeat.com's FREE daily email newsletter.