Whirlpool Co. (WHR) Shares Sold by Granite Investment Advisors LLC
Granite Investment Advisors LLC cut its stake in shares of Whirlpool Co. (NYSE:WHR) by 14.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 23,118 shares of the company’s stock after selling 3,907 shares during the period. Granite Investment Advisors LLC’s holdings in Whirlpool were worth $3,899,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of WHR. Crossmark Global Holdings Inc. acquired a new position in Whirlpool during the third quarter worth $1,743,000. Victory Capital Management Inc. raised its position in Whirlpool by 32.0% during the third quarter. Victory Capital Management Inc. now owns 10,759 shares of the company’s stock worth $1,984,000 after acquiring an additional 2,607 shares during the period. Westpac Banking Corp raised its position in Whirlpool by 29.7% during the third quarter. Westpac Banking Corp now owns 5,612 shares of the company’s stock worth $1,035,000 after acquiring an additional 1,286 shares during the period. Canada Pension Plan Investment Board raised its position in Whirlpool by 22.7% during the third quarter. Canada Pension Plan Investment Board now owns 122,510 shares of the company’s stock worth $22,596,000 after acquiring an additional 22,700 shares during the period. Finally, Fishman Jay A Ltd. MI raised its position in Whirlpool by 2.7% during the third quarter. Fishman Jay A Ltd. MI now owns 37,616 shares of the company’s stock worth $6,938,000 after acquiring an additional 1,000 shares during the period. Institutional investors own 90.19% of the company’s stock.
A number of equities analysts have weighed in on WHR shares. ValuEngine upgraded shares of Whirlpool from a “hold” rating to a “buy” rating in a research report on Tuesday, December 5th. KeyCorp reiterated an “equal weight” rating on shares of Whirlpool in a research report on Monday, January 29th. Zacks Investment Research upgraded shares of Whirlpool from a “sell” rating to a “hold” rating in a research report on Thursday, January 25th. Royal Bank of Canada increased their target price on shares of Whirlpool to $200.00 and gave the company an “in-line” rating in a research report on Monday, January 29th. Finally, Raymond James Financial upgraded shares of Whirlpool from a “market perform” rating to an “outperform” rating and set a $200.00 target price for the company in a research report on Friday, January 26th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $189.40.
Whirlpool (NYSE:WHR) last issued its earnings results on Wednesday, January 24th. The company reported $4.10 EPS for the quarter, beating the Zacks’ consensus estimate of $4.01 by $0.09. The business had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.88 billion. Whirlpool had a net margin of 1.65% and a return on equity of 18.36%. The company’s quarterly revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the business earned $4.33 earnings per share. sell-side analysts anticipate that Whirlpool Co. will post 15.31 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Friday, March 2nd will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend is Thursday, March 1st. Whirlpool’s dividend payout ratio (DPR) is 96.49%.
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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