Whirlpool Co. (NYSE:WHR) Shares Acquired by Royal Bank of Canada
Royal Bank of Canada lifted its holdings in shares of Whirlpool Co. (NYSE:WHR) by 76.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 118,802 shares of the company’s stock after buying an additional 51,340 shares during the quarter. Royal Bank of Canada owned approximately 0.19% of Whirlpool worth $10,194,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the company. BlackRock Inc. raised its stake in shares of Whirlpool by 0.4% during the 1st quarter. BlackRock Inc. now owns 4,612,060 shares of the company’s stock worth $395,715,000 after buying an additional 16,445 shares during the period. Lyrical Asset Management LP increased its position in shares of Whirlpool by 5.7% during the fourth quarter. Lyrical Asset Management LP now owns 1,759,233 shares of the company’s stock worth $259,540,000 after purchasing an additional 95,266 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of Whirlpool by 1.0% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,118,937 shares of the company’s stock worth $165,077,000 after purchasing an additional 11,108 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Whirlpool by 7.5% during the first quarter. Bank of New York Mellon Corp now owns 1,035,188 shares of the company’s stock worth $88,818,000 after purchasing an additional 72,542 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Whirlpool by 2.5% during the first quarter. Geode Capital Management LLC now owns 1,022,677 shares of the company’s stock worth $87,580,000 after purchasing an additional 25,003 shares in the last quarter. 98.04% of the stock is owned by institutional investors and hedge funds.
NYSE WHR opened at $122.80 on Tuesday. The stock has a market cap of $7.63 billion, a PE ratio of 7.82, a P/E/G ratio of 0.75 and a beta of 1.98. The company has a current ratio of 0.95, a quick ratio of 0.66 and a debt-to-equity ratio of 1.35. Whirlpool Co. has a twelve month low of $64.00 and a twelve month high of $163.64. The stock has a fifty day simple moving average of $122.61 and a 200-day simple moving average of $125.91.
The company also recently announced a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Friday, May 15th were paid a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 3.91%. The ex-dividend date of this dividend was Thursday, May 14th. Whirlpool’s payout ratio is 30.00%.
Several brokerages recently commented on WHR. JPMorgan Chase & Co. boosted their price target on Whirlpool from $100.00 to $124.00 and gave the stock an “average” rating in a research report on Tuesday, May 5th. They noted that the move was a valuation call. ValuEngine upgraded Whirlpool from a “sell” rating to a “hold” rating in a report on Monday, March 30th. Credit Suisse Group upped their target price on Whirlpool from $90.00 to $103.00 and gave the company an “underperform” rating in a report on Tuesday, June 23rd. Bank of America upped their target price on Whirlpool from $115.00 to $135.00 and gave the company a “neutral” rating in a report on Friday, June 12th. Finally, Royal Bank of Canada upped their target price on Whirlpool from $71.00 to $80.00 and gave the company an “underperform” rating in a report on Monday, May 4th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $123.44.
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 refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances and related laundry accessories; cooking appliances and other small domestic appliances; and dishwasher appliances and related accessories.
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