Whirlpool Co. (WHR) Shares Sold by Ontario Teachers Pension Plan Board
Ontario Teachers Pension Plan Board reduced its stake in shares of Whirlpool Co. (NYSE:WHR) by 1.8% during the 2nd quarter, Holdings Channel reports. The firm owned 102,109 shares of the company’s stock after selling 1,852 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Whirlpool were worth $14,931,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in Whirlpool by 4.1% in the first quarter. BlackRock Inc. now owns 4,927,601 shares of the company’s stock valued at $754,464,000 after acquiring an additional 196,000 shares during the last quarter. Greenhaven Associates Inc. boosted its stake in Whirlpool by 0.7% in the first quarter. Greenhaven Associates Inc. now owns 2,897,032 shares of the company’s stock valued at $443,565,000 after acquiring an additional 21,477 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in Whirlpool by 2.6% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,055,986 shares of the company’s stock valued at $314,791,000 after acquiring an additional 51,438 shares during the last quarter. LSV Asset Management boosted its stake in Whirlpool by 12.1% in the second quarter. LSV Asset Management now owns 1,899,080 shares of the company’s stock valued at $277,702,000 after acquiring an additional 205,203 shares during the last quarter. Finally, Newport Trust Co boosted its stake in Whirlpool by 1.7% in the second quarter. Newport Trust Co now owns 1,377,818 shares of the company’s stock valued at $201,478,000 after acquiring an additional 23,169 shares during the last quarter. 93.16% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have issued reports on the stock. Zacks Investment Research raised shares of Whirlpool from a “sell” rating to a “hold” rating in a research note on Sunday, July 15th. Standpoint Research assumed coverage on shares of Whirlpool in a research note on Tuesday, July 10th. They issued a “buy” rating on the stock. Royal Bank of Canada cut shares of Whirlpool from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, July 25th. JPMorgan Chase & Co. reduced their price objective on shares of Whirlpool from $210.00 to $180.00 and set an “overweight” rating on the stock in a research note on Friday, June 1st. Finally, Credit Suisse Group raised shares of Whirlpool from a “neutral” rating to a “buy” rating and raised their price objective for the company from $170.00 to $195.00 in a research note on Monday, June 4th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $174.75.
Shares of NYSE WHR opened at $126.07 on Friday. The firm has a market cap of $8.39 billion, a PE ratio of 9.18, a PEG ratio of 0.99 and a beta of 1.59. Whirlpool Co. has a twelve month low of $122.20 and a twelve month high of $190.73. The company has a current ratio of 0.92, a quick ratio of 0.59 and a debt-to-equity ratio of 1.43.
Whirlpool (NYSE:WHR) last announced its quarterly 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). The firm had revenue of $5.14 billion for the quarter, compared to the consensus estimate of $5.29 billion. Whirlpool had a positive return on equity of 20.73% and a negative net margin of 2.62%. The company’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same period in the prior year, the business earned $3.35 earnings per share. equities analysts anticipate that Whirlpool Co. will post 14.2 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Saturday, September 15th. Stockholders of record on Friday, August 31st will be given a dividend of $1.15 per share. The ex-dividend date is Thursday, August 30th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.65%. Whirlpool’s dividend payout ratio is 33.48%.
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.
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