Dorsey & Whitney Trust CO LLC Maintains Stake in Whirlpool Corporation (WHR)
Dorsey & Whitney Trust CO LLC held its stake in Whirlpool Corporation (NYSE:WHR) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,525 shares of the company’s stock at the close of the 2nd quarter. Dorsey & Whitney Trust CO LLC’s holdings in Whirlpool Corporation were worth $293,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of the stock. Norinchukin Bank The lifted its stake in shares of Whirlpool Corporation by 6.0% during the 2nd quarter. Norinchukin Bank The now owns 5,133 shares of the company’s stock worth $984,000 after acquiring an additional 292 shares during the last quarter. Bridgewater Associates LP lifted its stake in shares of Whirlpool Corporation by 55.4% during the 2nd quarter. Bridgewater Associates LP now owns 15,454 shares of the company’s stock worth $2,961,000 after acquiring an additional 5,510 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Whirlpool Corporation by 136.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 405,351 shares of the company’s stock worth $77,673,000 after acquiring an additional 233,661 shares during the last quarter. Fiera Capital Corp lifted its stake in shares of Whirlpool Corporation by 10.7% during the 2nd quarter. Fiera Capital Corp now owns 1,585 shares of the company’s stock worth $304,000 after acquiring an additional 153 shares during the last quarter. Finally, Raymond James Trust N.A. lifted its stake in shares of Whirlpool Corporation by 1.4% during the 2nd quarter. Raymond James Trust N.A. now owns 16,813 shares of the company’s stock worth $3,222,000 after acquiring an additional 229 shares during the last quarter. 91.53% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts recently issued reports on WHR shares. Royal Bank Of Canada reissued a “buy” rating and set a $216.00 price target on shares of Whirlpool Corporation in a research note on Friday, June 2nd. BidaskClub lowered Whirlpool Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. ValuEngine lowered Whirlpool Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research lowered Whirlpool Corporation from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Finally, Credit Suisse Group initiated coverage on Whirlpool Corporation in a research report on Thursday, June 22nd. They set a “neutral” rating and a $208.00 target price for the company. Six investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $194.71.
In related news, Director William D. Perez acquired 1,000 shares of Whirlpool Corporation stock in a transaction dated Monday, July 31st. The shares were acquired at an average cost of $176.93 per share, for a total transaction of $176,930.00. Following the completion of the purchase, the director now owns 7,239 shares in the company, valued at $1,280,796.27. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.69% of the stock is currently owned by company insiders.
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Whirlpool Corporation (WHR) opened at 171.86 on Friday. The stock has a 50 day moving average price of $172.79 and a 200 day moving average price of $180.01. Whirlpool Corporation has a 52-week low of $145.91 and a 52-week high of $202.99. The company has a market capitalization of $12.54 billion, a price-to-earnings ratio of 17.20 and a beta of 1.77.
Whirlpool Corporation (NYSE:WHR) last announced its quarterly earnings data on Wednesday, July 26th. The company reported $3.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.54 by ($0.19). The company had revenue of $5.35 billion during the quarter, compared to analyst estimates of $5.35 billion. Whirlpool Corporation had a net margin of 3.61% and a return on equity of 18.17%. The firm’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.50 earnings per share. On average, equities analysts expect that Whirlpool Corporation will post $14.64 earnings per share for the current year.
Whirlpool Corporation announced that its board has authorized a share buyback plan on Wednesday, July 26th that allows the company to repurchase $2.35 billion in outstanding shares. This repurchase authorization allows the company to purchase up to 16.7% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, August 25th were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 2.56%. The ex-dividend date was Wednesday, August 23rd. Whirlpool Corporation’s payout ratio is currently 44.04%.
Whirlpool Corporation Company Profile
Whirlpool Corporation is a manufacturer and marketer of home appliances. The Company’s segments include North America; Europe, Middle East and Africa (EMEA); Latin America, and Asia. In North America, the Company markets and distributes home appliances and small domestic appliances under a range of brand names.
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