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.

Shares of WHR traded down $1.09 during trading hours on Wednesday, hitting $129.22. The company had a trading volume of 9,765 shares, compared to its average volume of 857,117. The firm has a market capitalization of $8.21 billion, a PE ratio of 8.56, a PEG ratio of 1.64 and a beta of 1.68. Whirlpool Co. has a 12 month low of $99.40 and a 12 month high of $156.75. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.83 and a quick ratio of 0.53.

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%.

COPYRIGHT VIOLATION NOTICE: This news story was first reported by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this news story on another site, it was copied illegally and reposted in violation of US and international trademark and copyright law. The correct version of this news story can be viewed at https://theolympiareport.com/2019/06/12/ontario-teachers-pension-plan-board-invests-200000-in-whirlpool-co-nysewhr-stock.html.

About Whirlpool

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.

See Also: Buy Rating

Want to see what other hedge funds are holding WHR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Whirlpool Co. (NYSE:WHR).

Institutional Ownership by Quarter for Whirlpool (NYSE:WHR)

Receive News & Ratings for Whirlpool Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Whirlpool and related companies with MarketBeat.com's FREE daily email newsletter.