Lingohr & Partner Asset Management GmbH trimmed its holdings in Whirlpool Co. (NYSE:WHR) by 4.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,922 shares of the company’s stock after selling 400 shares during the period. Whirlpool comprises approximately 1.1% of Lingohr & Partner Asset Management GmbH’s holdings, making the stock its 14th largest holding. Lingohr & Partner Asset Management GmbH’s holdings in Whirlpool were worth $1,048,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in WHR. Financial Advocates Investment Management increased its holdings in shares of Whirlpool by 217.4% in the 4th quarter. Financial Advocates Investment Management now owns 146 shares of the company’s stock valued at $35,000 after acquiring an additional 100 shares during the last quarter. Truvestments Capital LLC bought a new stake in shares of Whirlpool in the 1st quarter valued at approximately $28,000. Penserra Capital Management LLC bought a new stake in shares of Whirlpool in the 1st quarter valued at approximately $27,000. Murphy Pohlad Asset Management LLC bought a new stake in shares of Whirlpool in the 4th quarter valued at approximately $26,000. Finally, Massey Quick Simon & CO. LLC bought a new stake in shares of Whirlpool in the 4th quarter valued at approximately $32,000. 93.49% of the stock is currently owned by institutional investors.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research upgraded Whirlpool from a “sell” rating to a “hold” rating in a report on Thursday, April 4th. ValuEngine upgraded 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 issued a “neutral” rating and a $135.00 price target for the company. Raymond James downgraded Whirlpool from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 30th. Finally, Royal Bank of Canada downgraded Whirlpool from a “sector perform” rating to an “underperform” rating and set a $134.60 price target for the company. in a report on Wednesday, January 30th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $143.20.
Whirlpool (NYSE:WHR) last issued its quarterly earnings data on Monday, April 22nd. The company reported $3.11 EPS for the quarter, topping the Zacks’ consensus estimate of $3.04 by $0.07. The firm had revenue of $4.76 billion during the quarter, compared to the consensus estimate of $4.83 billion. Whirlpool had a return on equity of 30.17% and a net margin of 0.93%. The firm’s revenue was down 3.1% on a year-over-year basis. During the same period in the prior year, the business earned $2.81 EPS. As a group, research analysts anticipate that Whirlpool Co. will post 14.68 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 15th. Investors of record on Friday, May 17th will be paid a dividend of $1.20 per share. This is an increase from Whirlpool’s previous quarterly dividend of $1.15. This represents a $4.80 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date is Thursday, May 16th. Whirlpool’s dividend payout ratio is presently 31.66%.
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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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