Dimensional Fund Advisors LP Purchases 27,552 Shares of Whirlpool Co. (WHR)
Dimensional Fund Advisors LP grew its position in shares of Whirlpool Co. (NYSE:WHR) by 2.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,169,044 shares of the company’s stock after purchasing an additional 27,552 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.63% of Whirlpool worth $215,612,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in the company. Brown Advisory Inc. lifted its stake in shares of Whirlpool by 12.4% in the third quarter. Brown Advisory Inc. now owns 8,031 shares of the company’s stock worth $1,481,000 after acquiring an additional 887 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in shares of Whirlpool by 72.9% in the third quarter. Schwab Charles Investment Management Inc. now owns 461,702 shares of the company’s stock worth $85,157,000 after acquiring an additional 194,739 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of Whirlpool by 1.0% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 150,611 shares of the company’s stock worth $27,779,000 after acquiring an additional 1,433 shares during the period. Commonwealth Bank of Australia lifted its stake in shares of Whirlpool by 5.8% in the third quarter. Commonwealth Bank of Australia now owns 10,963 shares of the company’s stock worth $2,017,000 after acquiring an additional 598 shares during the period. Finally, Zeke Capital Advisors LLC acquired a new position in shares of Whirlpool in the third quarter worth approximately $291,000. 92.75% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Whirlpool Co. (WHR) traded down $0.79 on Monday, reaching $169.70. The company’s stock had a trading volume of 579,100 shares, compared to its average volume of 848,959. Whirlpool Co. has a 12-month low of $158.80 and a 12-month high of $202.99. 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 firm has a market capitalization of $12,204.46, a price-to-earnings ratio of 12.12, a PEG ratio of 1.72 and a beta of 1.88.
Whirlpool (NYSE:WHR) last issued its quarterly earnings results on Monday, October 23rd. The company reported $3.83 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.90 by ($0.07). Whirlpool had a net margin of 3.76% and a return on equity of 18.45%. The business had revenue of $5.42 billion during the quarter, compared to analyst estimates of $5.50 billion. During the same period last year, the firm posted $3.66 earnings per share. Whirlpool’s quarterly revenue was up 3.2% compared to the same quarter last year. equities research analysts expect that Whirlpool Co. will post 13.7 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 17th will be paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 2.59%. The ex-dividend date of this dividend is Thursday, November 16th. Whirlpool’s dividend payout ratio (DPR) is presently 41.47%.
A number of research firms recently commented on WHR. ValuEngine raised Whirlpool from a “hold” rating to a “buy” rating in a research note on Tuesday, December 5th. Zacks Investment Research raised Whirlpool from a “sell” rating to a “hold” rating in a research note on Thursday, October 5th. Credit Suisse Group set a $187.00 price objective on Whirlpool and gave the stock a “neutral” rating in a research note on Tuesday, October 24th. Royal Bank Of Canada lowered Whirlpool from a “top pick” rating to a “sector perform” rating and cut their price objective for the stock from $209.00 to $184.00 in a research note on Tuesday, October 24th. Finally, MKM Partners set a $177.00 price objective on Whirlpool and gave the stock a “hold” rating in a research note on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $183.60.
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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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