Whirlpool Co. (WHR) Shares Bought by Kiwi Wealth Investments Limited Partnership
Kiwi Wealth Investments Limited Partnership raised its stake in Whirlpool Co. (NYSE:WHR) by 7.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 23,376 shares of the company’s stock after buying an additional 1,615 shares during the period. Kiwi Wealth Investments Limited Partnership’s holdings in Whirlpool were worth $3,418,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Hammer Asset Management LLC purchased a new stake in shares of Whirlpool in the 2nd quarter valued at $2,466,000. First Republic Investment Management Inc. boosted its stake in shares of Whirlpool by 20.6% in the 2nd quarter. First Republic Investment Management Inc. now owns 91,868 shares of the company’s stock valued at $13,434,000 after purchasing an additional 15,690 shares in the last quarter. Raymond James & Associates boosted its stake in shares of Whirlpool by 50.9% in the 2nd quarter. Raymond James & Associates now owns 22,942 shares of the company’s stock valued at $3,355,000 after purchasing an additional 7,743 shares in the last quarter. Epoch Investment Partners Inc. boosted its stake in shares of Whirlpool by 2.9% in the 2nd quarter. Epoch Investment Partners Inc. now owns 389,144 shares of the company’s stock valued at $56,905,000 after purchasing an additional 11,106 shares in the last quarter. Finally, Flinton Capital Management LLC boosted its stake in shares of Whirlpool by 1.8% in the 2nd quarter. Flinton Capital Management LLC now owns 30,604 shares of the company’s stock valued at $4,475,000 after purchasing an additional 532 shares in the last quarter. 93.16% of the stock is currently owned by hedge funds and other institutional investors.
WHR has been the subject of a number of research reports. Credit Suisse Group raised shares of Whirlpool from a “neutral” rating to a “buy” rating and upped their price objective for the company from $170.00 to $195.00 in a research note on Monday, June 4th. JPMorgan Chase & Co. cut their price objective on shares of Whirlpool from $210.00 to $180.00 and set an “overweight” rating for the company in a research note on Friday, June 1st. ValuEngine cut shares of Whirlpool from a “sell” rating to a “strong sell” rating in a research note on Saturday, June 2nd. Longbow Research cut shares of Whirlpool from a “buy” rating to a “neutral” rating and set a $185.00 price objective for the company. in a research note on Tuesday, July 24th. Finally, Royal Bank of Canada cut shares of Whirlpool from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, July 25th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. Whirlpool currently has an average rating of “Hold” and an average target price of $174.75.
Whirlpool (NYSE:WHR) last announced its quarterly earnings results on Monday, July 23rd. The company reported $3.20 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.63 by ($0.43). The firm had revenue of $5.14 billion for the quarter, compared to analysts’ expectations of $5.29 billion. Whirlpool had a negative net margin of 2.62% and a positive return on equity of 20.73%. The company’s quarterly revenue was down 3.9% on a year-over-year basis. During the same period in the previous year, the company earned $3.35 EPS. equities research analysts forecast that Whirlpool Co. will post 14.2 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Saturday, September 15th. Shareholders of record on Friday, August 31st will be given a dividend of $1.15 per share. The ex-dividend date is Thursday, August 30th. This represents a $4.60 annualized dividend and a yield of 3.66%. Whirlpool’s payout ratio is currently 33.48%.
In other news, Director Diane M. Dietz purchased 1,600 shares of the company’s stock in a transaction on Thursday, July 26th. The stock was acquired at an average price of $124.26 per share, with a total value of $198,816.00. Following the transaction, the director now directly owns 8,339 shares of the company’s stock, valued at approximately $1,036,204.14. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.83% of the company’s stock.
Whirlpool Corporation manufactures and markets home appliances and related products. It operates through four segments: North America; Europe, Middle East and Africa; Latin America; and Asia. The company's principal products include laundry appliances, refrigerators and freezers, cooking appliances, dishwashers, mixers, and other small domestic appliances.
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