Whirlpool Corporation (WHR) Stake Raised by Swiss National Bank
Swiss National Bank grew its stake in shares of Whirlpool Corporation (NYSE:WHR) by 0.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 272,765 shares of the company’s stock after buying an additional 900 shares during the period. Swiss National Bank owned 379,578.35% of Whirlpool Corporation worth $50,309,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently added to or reduced their stakes in the company. Dupont Capital Management Corp purchased a new position in shares of Whirlpool Corporation in the second quarter valued at $100,000. Sun Life Financial INC grew its holdings in shares of Whirlpool Corporation by 7,628.6% in the second quarter. Sun Life Financial INC now owns 541 shares of the company’s stock valued at $104,000 after purchasing an additional 534 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Whirlpool Corporation by 26.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 644 shares of the company’s stock valued at $123,000 after purchasing an additional 135 shares in the last quarter. Westwood Holdings Group Inc. purchased a new position in shares of Whirlpool Corporation in the second quarter valued at $153,000. Finally, WESPAC Advisors SoCal LLC purchased a new position in shares of Whirlpool Corporation in the second quarter valued at $191,000. Hedge funds and other institutional investors own 93.39% of the company’s stock.
Whirlpool Corporation (NYSE:WHR) opened at $161.67 on Tuesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.55 and a current ratio of 0.90. The company has a market cap of $11,645.36, a price-to-earnings ratio of 11.57, a price-to-earnings-growth ratio of 1.57 and a beta of 1.87. Whirlpool Corporation has a one year low of $159.71 and a one year high of $202.99.
Whirlpool Corporation (NYSE:WHR) last posted its quarterly earnings data on Monday, October 23rd. The company reported $3.83 EPS for the quarter, missing the consensus estimate of $3.90 by ($0.07). The firm had revenue of $5.42 billion for the quarter, compared to analysts’ expectations of $5.50 billion. Whirlpool Corporation had a return on equity of 18.45% and a net margin of 3.76%. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.66 earnings per share. equities analysts anticipate that Whirlpool Corporation will post 13.7 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 17th will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 2.72%. The ex-dividend date is Thursday, November 16th. Whirlpool Corporation’s payout ratio is 41.47%.
Whirlpool Corporation declared that its board has approved a stock repurchase program on Wednesday, July 26th that permits the company to buyback $2.35 billion in shares. This buyback authorization permits the company to repurchase up to 16.7% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.
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WHR has been the subject of a number of recent research reports. BidaskClub lowered shares of Whirlpool Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Royal Bank Of Canada reissued a “buy” rating and issued a $209.00 target price on shares of Whirlpool Corporation in a report on Tuesday, October 10th. ValuEngine raised shares of Whirlpool Corporation from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Zacks Investment Research lowered shares of Whirlpool Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Finally, MKM Partners set a $177.00 target price on shares of Whirlpool Corporation and gave the company a “hold” rating in a report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. Whirlpool Corporation has an average rating of “Hold” and a consensus target price of $184.67.
About Whirlpool Corporation
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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