Parkside Financial Bank & Trust Grows Stock Position in Whirlpool Co. (NYSE:WHR)

Parkside Financial Bank & Trust increased its holdings in Whirlpool Co. (NYSE:WHR) by 27.1% in the 4th quarter, HoldingsChannel reports. The fund owned 539 shares of the company’s stock after purchasing an additional 115 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Whirlpool were worth $66,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its position in shares of Whirlpool by 3,554.4% during the fourth quarter. International Assets Investment Management LLC now owns 1,382,430 shares of the company’s stock worth $168,339,000 after purchasing an additional 1,344,601 shares in the last quarter. Boston Partners increased its position in shares of Whirlpool by 59.7% during the third quarter. Boston Partners now owns 2,473,047 shares of the company’s stock worth $328,804,000 after acquiring an additional 924,128 shares during the period. Invesco Ltd. boosted its holdings in Whirlpool by 38.3% in the third quarter. Invesco Ltd. now owns 1,954,344 shares of the company’s stock valued at $261,296,000 after purchasing an additional 541,219 shares during the period. Stifel Financial Corp boosted its holdings in Whirlpool by 689.8% in the third quarter. Stifel Financial Corp now owns 454,303 shares of the company’s stock valued at $60,741,000 after purchasing an additional 396,782 shares during the period. Finally, LPL Financial LLC grew its stake in Whirlpool by 339.6% during the 3rd quarter. LPL Financial LLC now owns 132,042 shares of the company’s stock worth $17,654,000 after purchasing an additional 102,008 shares in the last quarter. Institutional investors and hedge funds own 90.78% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on WHR. Loop Capital initiated coverage on Whirlpool in a report on Thursday, February 22nd. They issued a “buy” rating and a $140.00 price target for the company. StockNews.com raised shares of Whirlpool from a “hold” rating to a “buy” rating in a report on Tuesday, February 27th. TheStreet upgraded shares of Whirlpool from a “d+” rating to a “c+” rating in a research report on Monday, January 29th. Royal Bank of Canada lowered their price objective on shares of Whirlpool from $92.00 to $85.00 and set an “underperform” rating on the stock in a research report on Wednesday, January 31st. Finally, JPMorgan Chase & Co. dropped their target price on Whirlpool from $120.00 to $111.00 and set a “neutral” rating on the stock in a report on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $114.60.

Whirlpool Stock Down 10.1 %

Whirlpool stock opened at $94.96 on Friday. The company has a market cap of $5.19 billion, a P/E ratio of 13.08 and a beta of 1.48. The company has a current ratio of 0.89, a quick ratio of 0.57 and a debt-to-equity ratio of 2.53. The company has a fifty day simple moving average of $109.41 and a 200 day simple moving average of $113.00. Whirlpool Co. has a 1-year low of $92.54 and a 1-year high of $160.62.

Whirlpool (NYSE:WHR) last released its quarterly earnings results on Wednesday, April 24th. The company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.17. Whirlpool had a net margin of 2.07% and a return on equity of 36.24%. The firm had revenue of $4.49 billion during the quarter, compared to analyst estimates of $4.42 billion. During the same quarter last year, the business earned $2.66 EPS. The company’s revenue was down 3.4% compared to the same quarter last year. Research analysts anticipate that Whirlpool Co. will post 12.85 earnings per share for the current fiscal year.

Whirlpool Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 15th. Stockholders of record on Friday, May 17th will be given a dividend of $1.75 per share. This represents a $7.00 annualized dividend and a dividend yield of 7.37%. The ex-dividend date is Thursday, May 16th. Whirlpool’s dividend payout ratio (DPR) is 96.42%.

About Whirlpool

Whirlpool Corporation manufactures and markets home appliances and related products and services in the North America, Europe, the Middle East, Africa, Latin America, and Asia. The company's principal products include refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances, and commercial laundry products and related laundry accessories; cooking and other small domestic appliances; and dishwasher appliances and related accessories, as well as mixers.