Whirlpool Co. (WHR) Shares Bought by King Luther Capital Management Corp
King Luther Capital Management Corp lifted its position in Whirlpool Co. (NYSE:WHR) by 9.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 195,694 shares of the company’s stock after purchasing an additional 16,650 shares during the quarter. King Luther Capital Management Corp owned approximately 0.27% of Whirlpool worth $36,094,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in WHR. Epoch Investment Partners Inc. acquired a new stake in Whirlpool during the 3rd quarter worth approximately $75,398,000. Harris Associates L P lifted its position in Whirlpool by 12.5% during the 2nd quarter. Harris Associates L P now owns 2,180,839 shares of the company’s stock worth $417,892,000 after acquiring an additional 241,659 shares during the period. Ameriprise Financial Inc. lifted its position in Whirlpool by 136.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 405,351 shares of the company’s stock worth $77,673,000 after acquiring an additional 233,661 shares during the period. Schwab Charles Investment Management Inc. lifted its position in Whirlpool by 72.9% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 461,702 shares of the company’s stock worth $85,157,000 after acquiring an additional 194,739 shares during the period. Finally, Stifel Financial Corp lifted its position in Whirlpool by 667.5% during the 3rd quarter. Stifel Financial Corp now owns 165,673 shares of the company’s stock worth $30,555,000 after acquiring an additional 144,086 shares during the period. 92.74% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have weighed in on WHR shares. Bank of America cut Whirlpool from a “buy” rating to a “neutral” rating and set a $183.00 price objective for the company. in a research report on Tuesday, October 24th. Zacks Investment Research cut Whirlpool from a “hold” rating to a “sell” rating in a report on Wednesday, October 18th. MKM Partners set a $177.00 price target on Whirlpool and gave the company a “hold” rating in a report on Friday, October 6th. Royal Bank Of Canada reissued a “buy” rating and issued a $209.00 price target on shares of Whirlpool in a report on Tuesday, October 10th. Finally, ValuEngine cut Whirlpool from a “buy” rating to a “hold” rating in a report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $183.60.
Whirlpool Co. (NYSE WHR) traded up $2.17 on Tuesday, hitting $169.63. The stock had a trading volume of 1,098,100 shares, compared to its average volume of 852,896. The company has a quick ratio of 0.55, a current ratio of 0.90 and a debt-to-equity ratio of 0.65. The firm has a market cap of $12,170.00, a PE ratio of 11.96, a P/E/G ratio of 1.69 and a beta of 1.87. Whirlpool Co. has a 1-year low of $158.80 and a 1-year high of $202.99.
Whirlpool (NYSE:WHR) last posted its quarterly earnings results on Monday, October 23rd. The company reported $3.83 EPS for the quarter, missing the consensus estimate of $3.90 by ($0.07). The business had revenue of $5.42 billion during the quarter, compared to analyst estimates of $5.50 billion. Whirlpool had a net margin of 3.76% and a return on equity of 18.45%. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the business earned $3.66 earnings per share. sell-side analysts expect that Whirlpool Co. will post 13.7 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 17th will be issued a $1.10 dividend. The ex-dividend date is Thursday, November 16th. This represents a $4.40 annualized dividend and a dividend yield of 2.59%. Whirlpool’s dividend payout ratio is currently 41.51%.
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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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