Savant Capital LLC Increases Stake in Whirlpool Corp. (WHR)
Savant Capital LLC raised its position in shares of Whirlpool Corp. (NYSE:WHR) by 5.1% during the second quarter, Holdings Channel reports. The firm owned 2,670 shares of the company’s stock after buying an additional 130 shares during the period. Savant Capital LLC’s holdings in Whirlpool Corp. were worth $445,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. BlackRock Group LTD raised its position in Whirlpool Corp. by 6.2% in the first quarter. BlackRock Group LTD now owns 859,795 shares of the company’s stock worth $155,054,000 after buying an additional 50,488 shares during the period. Capital Growth Management LP raised its position in Whirlpool Corp. by 28.7% in the first quarter. Capital Growth Management LP now owns 785,000 shares of the company’s stock worth $141,567,000 after buying an additional 175,000 shares during the period. Geode Capital Management LLC raised its position in Whirlpool Corp. by 1.0% in the first quarter. Geode Capital Management LLC now owns 629,731 shares of the company’s stock worth $113,334,000 after buying an additional 6,113 shares during the period. TIAA CREF Investment Management LLC raised its position in Whirlpool Corp. by 116.7% in the first quarter. TIAA CREF Investment Management LLC now owns 513,477 shares of the company’s stock worth $92,600,000 after buying an additional 276,502 shares during the period. Finally, Fairpointe Capital LLC acquired a new position in Whirlpool Corp. during the first quarter worth $88,525,000. 89.59% of the stock is owned by hedge funds and other institutional investors.
Whirlpool Corp. (NYSE:WHR) traded up 1.13% during mid-day trading on Wednesday, hitting $164.10. The stock had a trading volume of 575,149 shares. The firm’s 50-day moving average price is $171.88 and its 200 day moving average price is $176.60. The company has a market cap of $12.38 billion, a PE ratio of 14.54 and a beta of 1.61. Whirlpool Corp. has a one year low of $123.60 and a one year high of $194.10.
Whirlpool Corp. (NYSE:WHR) last announced its earnings results on Friday, July 22nd. The company reported $3.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.37 by $0.13. Whirlpool Corp. had a return on equity of 18.68% and a net margin of 4.29%. The business earned $5.21 billion during the quarter, compared to the consensus estimate of $5.13 billion. During the same period in the prior year, the company posted $2.70 EPS. The business’s quarterly revenue was down .2% on a year-over-year basis. On average, equities research analysts anticipate that Whirlpool Corp. will post $14.69 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Friday, August 26th were paid a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend was Wednesday, August 24th. Whirlpool Corp.’s dividend payout ratio is currently 35.40%.
WHR has been the subject of a number of recent research reports. Bank of America Corp. reissued a “buy” rating and issued a $230.00 target price on shares of Whirlpool Corp. in a report on Wednesday, June 8th. MKM Partners lifted their price objective on shares of Whirlpool Corp. from $204.00 to $215.00 and gave the stock a “buy” rating in a research note on Monday, July 25th. Raymond James Financial Inc. raised shares of Whirlpool Corp. from a “market perform” rating to a “strong-buy” rating and set a $185.00 price objective for the company in a research note on Monday, July 25th. Gabelli lowered shares of Whirlpool Corp. from a “buy” rating to a “hold” rating in a research note on Monday, September 12th. Finally, Zacks Investment Research lowered shares of Whirlpool Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, September 29th. One analyst has rated the stock with a sell rating, two have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Whirlpool Corp. has a consensus rating of “Buy” and a consensus target price of $198.50.
In other Whirlpool Corp. news, insider David T. Szczupak sold 10,307 shares of the company’s stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $181.33, for a total value of $1,868,968.31. Following the completion of the sale, the insider now directly owns 4,807 shares in the company, valued at approximately $871,653.31. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Joao Carlos Brega sold 14,166 shares of the company’s stock in a transaction on Monday, August 1st. The shares were sold at an average price of $193.43, for a total value of $2,740,129.38. Following the completion of the sale, the insider now owns 29,043 shares of the company’s stock, valued at $5,617,787.49. The disclosure for this sale can be found here. 2.62% of the stock is owned by corporate insiders.
Whirlpool Corp. Company Profile
Whirlpool Corporation is a manufacturer and marketer of home appliances. The Company manufactures products in approximately 15 countries and markets products around the world under brand names, such as Whirlpool, KitchenAid, Maytag, Consul, Brastemp, Amana, Bauknecht, Jenn-Air and Indesit. The Company’s segments include North America, Latin America, EMEA (Europe, Middle East and Africa) and Asia.
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