Bank of Montreal Can Has $6.96 Million Position in Whirlpool Co. (WHR)

Bank of Montreal Can cut its holdings in Whirlpool Co. (NYSE:WHR) by 19.9% during the 1st quarter, HoldingsChannel reports. The fund owned 52,368 shares of the company’s stock after selling 13,004 shares during the period. Bank of Montreal Can’s holdings in Whirlpool were worth $6,958,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in WHR. Oregon Public Employees Retirement Fund lifted its position in Whirlpool by 9,212.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,303,672 shares of the company’s stock valued at $31,000 after acquiring an additional 3,268,195 shares in the last quarter. American International Group Inc. lifted its position in Whirlpool by 8,342.6% in the 4th quarter. American International Group Inc. now owns 3,119,608 shares of the company’s stock valued at $333,393,000 after acquiring an additional 3,082,657 shares in the last quarter. Norges Bank bought a new position in Whirlpool in the 4th quarter valued at approximately $70,454,000. Miller Howard Investments Inc. NY bought a new position in shares of Whirlpool during the 1st quarter valued at $46,489,000. Finally, FMR LLC lifted its holdings in shares of Whirlpool by 487.1% during the 4th quarter. FMR LLC now owns 307,712 shares of the company’s stock valued at $32,885,000 after buying an additional 255,304 shares during the period. 94.52% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have recently weighed in on the company. Zacks Investment Research raised Whirlpool from a “sell” rating to a “hold” rating in a report on Thursday, April 4th. ValuEngine raised Whirlpool from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st. Buckingham Research assumed coverage on Whirlpool in a report on Wednesday, January 23rd. They set a “neutral” rating and a $135.00 price target on the stock. Raymond James reissued a “hold” rating on shares of Whirlpool in a report on Monday, March 18th. Finally, Royal Bank of Canada cut Whirlpool from a “sector perform” rating to an “underperform” rating and set a $134.60 price target on the stock. in a report on Wednesday, January 30th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $144.08.

NYSE WHR opened at $133.83 on Friday. The firm has a market cap of $8.72 billion, a PE ratio of 8.83, a PEG ratio of 1.81 and a beta of 1.61. The company has a current ratio of 0.83, a quick ratio of 0.53 and a debt-to-equity ratio of 1.29. Whirlpool Co. has a 1-year low of $99.40 and a 1-year high of $167.54.

Whirlpool (NYSE:WHR) last released its quarterly earnings results on Monday, April 22nd. The company reported $3.11 earnings per share for the quarter, beating the consensus estimate of $3.04 by $0.07. The firm had revenue of $4.76 billion for the quarter, compared to analysts’ expectations of $4.83 billion. Whirlpool had a return on equity of 30.17% and a net margin of 0.93%. The company’s revenue was down 3.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.81 EPS. As a group, analysts forecast that Whirlpool Co. will post 14.7 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Saturday, June 15th. Investors of record on Friday, May 17th will be issued a $1.20 dividend. This is a boost from Whirlpool’s previous quarterly dividend of $1.15. This represents a $4.80 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date of this dividend is Thursday, May 16th. Whirlpool’s dividend payout ratio (DPR) is currently 30.34%.

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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.

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Institutional Ownership by Quarter for Whirlpool (NYSE:WHR)

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