Ontario Teachers Pension Plan Board Invests $200,000 in Whirlpool Co. (NYSE:WHR) Stock
Ontario Teachers Pension Plan Board bought a new position in shares of Whirlpool Co. (NYSE:WHR) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,508 shares of the company’s stock, valued at approximately $200,000.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Regentatlantic Capital LLC bought a new stake in Whirlpool during the first quarter worth $236,000. Mercer Global Advisors Inc. ADV bought a new position in shares of Whirlpool in the first quarter valued at about $328,000. Miramar Capital LLC bought a new position in shares of Whirlpool in the fourth quarter valued at about $308,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of Whirlpool by 8.0% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 21,880 shares of the company’s stock valued at $2,338,000 after purchasing an additional 1,614 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of Whirlpool by 7.2% in the fourth quarter. Geode Capital Management LLC now owns 857,618 shares of the company’s stock valued at $91,496,000 after purchasing an additional 57,356 shares during the period. Institutional investors and hedge funds own 94.16% of the company’s stock.
Several equities analysts have recently weighed in on WHR shares. Raymond James reissued a “hold” rating on shares of Whirlpool in a research report on Monday, March 18th. ValuEngine raised shares of Whirlpool from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st. Zacks Investment Research lowered shares of Whirlpool from a “hold” rating to a “sell” rating in a research report on Saturday, April 27th. Finally, Longbow Research raised shares of Whirlpool from a “neutral” rating to a “buy” rating and set a $178.00 price objective on the stock in a research report on Friday, May 10th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. Whirlpool currently has a consensus rating of “Hold” and a consensus target price of $137.94.
Whirlpool (NYSE:WHR) last issued its quarterly earnings data on Monday, April 22nd. The company reported $3.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.04 by $0.07. Whirlpool had a net margin of 0.93% and a return on equity of 30.17%. The company had revenue of $4.76 billion for the quarter, compared to analyst estimates of $4.83 billion. During the same period in the prior year, the firm earned $2.81 earnings per share. The company’s revenue was down 3.1% on a year-over-year basis. Analysts predict that Whirlpool Co. will post 14.68 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Saturday, June 15th. Investors of record on Friday, May 17th will be given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 3.71%. This is a positive change from Whirlpool’s previous quarterly dividend of $1.15. The ex-dividend date is Thursday, May 16th. Whirlpool’s dividend payout ratio (DPR) is currently 31.66%.
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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