Kayne Anderson Rudnick Investment Management LLC Sells 2,185 Shares of Whirlpool Corporation (WHR)
Kayne Anderson Rudnick Investment Management LLC cut its stake in shares of Whirlpool Corporation (NYSE:WHR) by 2.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 72,635 shares of the company’s stock after selling 2,185 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned approximately 0.10% of Whirlpool Corporation worth $13,397,000 at the end of the most recent reporting period.
Several other large investors also recently made changes to their positions in WHR. Harris Associates L P grew its stake in shares of Whirlpool Corporation by 12.5% during the 2nd quarter. Harris Associates L P now owns 2,180,839 shares of the company’s stock valued at $417,892,000 after acquiring an additional 241,659 shares during the period. Ameriprise Financial Inc. grew 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 valued at $77,673,000 after acquiring an additional 233,661 shares during the period. PGGM Investments grew its stake in shares of Whirlpool Corporation by 283.7% during the 2nd quarter. PGGM Investments now owns 187,319 shares of the company’s stock valued at $35,894,000 after acquiring an additional 138,502 shares during the period. Parametric Portfolio Associates LLC grew its stake in shares of Whirlpool Corporation by 83.4% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 294,996 shares of the company’s stock valued at $56,527,000 after acquiring an additional 134,159 shares during the period. Finally, Diamond Hill Capital Management Inc. grew its stake in shares of Whirlpool Corporation by 7.1% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 1,837,517 shares of the company’s stock valued at $338,912,000 after acquiring an additional 122,189 shares during the period. Institutional investors own 93.39% of the company’s stock.
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A number of brokerages recently issued reports on WHR. Credit Suisse Group set a $187.00 price objective on Whirlpool Corporation and gave the company a “neutral” rating in a research note on Tuesday, October 24th. Zacks Investment Research cut Whirlpool Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. ValuEngine cut Whirlpool Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Bank of America Corporation cut Whirlpool Corporation from a “buy” rating to a “neutral” rating and set a $183.00 price target on the stock. in a report on Tuesday, October 24th. Finally, BidaskClub cut Whirlpool Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $184.67.
Whirlpool Corporation (WHR) traded up $2.52 during midday trading on Friday, reaching $165.40. The company had a trading volume of 808,171 shares, compared to its average volume of 845,529. The company has a current ratio of 0.90, a quick ratio of 0.55 and a debt-to-equity ratio of 0.65. Whirlpool Corporation has a one year low of $158.80 and a one year high of $202.99. The stock has a market cap of $11,710.00, a PE ratio of 11.49, a PEG ratio of 1.56 and a beta of 1.87.
Whirlpool Corporation (NYSE:WHR) last posted its quarterly earnings results on Monday, October 23rd. The company reported $3.83 EPS for the quarter, missing the Zacks’ consensus estimate of $3.90 by ($0.07). Whirlpool Corporation had a return on equity of 18.45% and a net margin of 3.76%. The business had revenue of $5.42 billion during the quarter, compared to analysts’ expectations of $5.50 billion. During the same period in the prior year, the firm posted $3.66 earnings per share. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. sell-side analysts predict that Whirlpool Corporation will post 13.7 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 17th will be issued a dividend of $1.10 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $4.40 annualized dividend and a dividend yield of 2.66%. Whirlpool Corporation’s dividend payout ratio (DPR) is 41.51%.
Whirlpool Corporation announced that its Board of Directors has initiated a stock buyback program on Wednesday, July 26th that permits the company to buyback $2.35 billion in outstanding shares. This buyback authorization permits the company to purchase up to 16.7% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.
Whirlpool Corporation 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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