Sei Investments Co. raised its position in shares of Whirlpool Corporation (NYSE:WHR) by 42.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,800 shares of the company’s stock after buying an additional 3,213 shares during the period. Sei Investments Co.’s holdings in Whirlpool Corporation were worth $2,070,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the stock. BlackRock Inc. increased its stake in shares of Whirlpool Corporation by 3,484.6% in the first quarter. BlackRock Inc. now owns 4,983,869 shares of the company’s stock worth $853,885,000 after buying an additional 4,844,832 shares in the last quarter. Levin Capital Strategies L.P. acquired a new stake in shares of Whirlpool Corporation during the first quarter worth approximately $113,386,000. Findlay Park Partners LLP increased its stake in shares of Whirlpool Corporation by 333.3% in the first quarter. Findlay Park Partners LLP now owns 650,000 shares of the company’s stock worth $111,365,000 after buying an additional 500,000 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of Whirlpool Corporation by 105.1% in the first quarter. SG Americas Securities LLC now owns 22,554 shares of the company’s stock worth $3,864,000 after buying an additional 464,224 shares in the last quarter. Finally, Bank of America Corp DE increased its stake in shares of Whirlpool Corporation by 17.2% in the first quarter. Bank of America Corp DE now owns 1,787,659 shares of the company’s stock worth $306,280,000 after buying an additional 262,246 shares in the last quarter. 94.26% of the stock is owned by institutional investors and hedge funds.
Whirlpool Corporation (NYSE:WHR) opened at 168.45 on Friday. The firm has a market cap of $12.29 billion, a PE ratio of 16.86 and a beta of 1.79. Whirlpool Corporation has a one year low of $145.91 and a one year high of $202.99. The company has a 50-day moving average price of $180.96 and a 200-day moving average price of $180.52.
Whirlpool Corporation (NYSE:WHR) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $3.35 EPS for the quarter, missing the consensus estimate of $3.54 by $0.19. The company had revenue of $5.35 billion during the quarter, compared to the consensus estimate of $5.35 billion. Whirlpool Corporation had a net margin of 3.61% and a return on equity of 18.17%. The company’s revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.50 earnings per share. Equities analysts predict that Whirlpool Corporation will post $14.64 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be given a $1.10 dividend. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $4.40 annualized dividend and a yield of 2.61%. Whirlpool Corporation’s dividend payout ratio is currently 44.04%.
Whirlpool Corporation announced that its board has approved a stock repurchase plan on Wednesday, July 26th that authorizes the company to repurchase $2.35 billion in outstanding shares. This repurchase authorization authorizes the company to purchase up to 16.7% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.
A number of equities research analysts have recently commented on WHR shares. Credit Suisse Group started coverage on Whirlpool Corporation in a research report on Thursday, June 22nd. They issued a “neutral” rating and a $208.00 price objective for the company. Zacks Investment Research downgraded Whirlpool Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. BidaskClub downgraded Whirlpool Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $216.00 price objective on shares of Whirlpool Corporation in a research report on Friday, June 2nd. Six investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Whirlpool Corporation presently has an average rating of “Hold” and a consensus target price of $194.71.
In related news, Director William D. Perez acquired 1,000 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The shares were acquired at an average cost of $176.93 per share, with a total value of $176,930.00. Following the transaction, the director now owns 7,239 shares of the company’s stock, valued at approximately $1,280,796.27. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.69% of the company’s stock.
Whirlpool Corporation Company Profile
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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