Capital Growth Management LP acquired a new stake in Whirlpool Co. (NYSE:WHR) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 115,000 shares of the company’s stock, valued at approximately $21,211,000. Capital Growth Management LP owned 0.16% of Whirlpool as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in WHR. Dupont Capital Management Corp bought a new stake in shares of Whirlpool in the 2nd quarter valued at $100,000. Sun Life Financial INC boosted its stake in Whirlpool by 7,628.6% during the second quarter. Sun Life Financial INC now owns 541 shares of the company’s stock worth $104,000 after acquiring an additional 534 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Whirlpool by 26.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 644 shares of the company’s stock valued at $123,000 after buying an additional 135 shares in the last quarter. Westwood Holdings Group Inc. bought a new position in shares of Whirlpool in the second quarter valued at $153,000. Finally, WESPAC Advisors SoCal LLC purchased a new stake in shares of Whirlpool in the second quarter valued at about $191,000. Institutional investors and hedge funds own 92.74% of the company’s stock.
Shares of Whirlpool Co. (NYSE:WHR) traded down $0.51 during trading on Wednesday, reaching $169.12. 693,400 shares of the company were exchanged, compared to its average volume of 852,214. The company has a market cap of $12,190.08, a PE ratio of 12.11, a price-to-earnings-growth ratio of 1.71 and a beta of 1.88. Whirlpool Co. has a 52 week low of $158.80 and a 52 week high of $202.99. The company has a current ratio of 0.90, a quick ratio of 0.55 and a debt-to-equity ratio of 0.65.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 17th will be paid a $1.10 dividend. The ex-dividend date is Thursday, November 16th. This represents a $4.40 annualized dividend and a yield of 2.60%. Whirlpool’s payout ratio is 41.47%.
A number of analysts recently issued reports on WHR shares. ValuEngine upgraded shares of Whirlpool from a “hold” rating to a “buy” rating in a report on Tuesday. Zacks Investment Research downgraded shares of Whirlpool from a “hold” rating to a “strong sell” rating in a research note on Friday, October 27th. Credit Suisse Group set a $187.00 target price on shares of Whirlpool and gave the company a “neutral” rating in a research report on Tuesday, October 24th. Royal Bank Of Canada downgraded shares of Whirlpool from a “top pick” rating to a “sector perform” rating and decreased their price target for the stock from $209.00 to $184.00 in a research note on Tuesday, October 24th. Finally, Bank of America downgraded shares of Whirlpool from a “buy” rating to a “neutral” rating and set a $183.00 price objective on the stock. in a research report on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $183.60.
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Whirlpool 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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