Bank of Montreal Can Has $8.22 Million Holdings in Whirlpool Co. (WHR)
Bank of Montreal Can boosted its position in shares of Whirlpool Co. (NYSE:WHR) by 8.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 69,179 shares of the company’s stock after buying an additional 5,118 shares during the quarter. Bank of Montreal Can’s holdings in Whirlpool were worth $8,215,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of WHR. Piedmont Investment Advisors LLC bought a new stake in Whirlpool during the second quarter worth $111,000. FNY Investment Advisers LLC bought a new stake in Whirlpool during the second quarter worth $123,000. Norway Savings Bank bought a new stake in Whirlpool during the second quarter worth $132,000. LFA Lugano Financial Advisors SA raised its position in Whirlpool by 167.6% during the third quarter. LFA Lugano Financial Advisors SA now owns 1,600 shares of the company’s stock worth $190,000 after acquiring an additional 1,002 shares in the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in Whirlpool during the second quarter worth $208,000. 93.12% of the stock is currently owned by hedge funds and other institutional investors.
WHR has been the topic of several analyst reports. Goldman Sachs Group initiated coverage on shares of Whirlpool in a research report on Tuesday, October 2nd. They set a “sell” rating and a $107.00 price target on the stock. JPMorgan Chase & Co. lowered shares of Whirlpool from an “overweight” rating to a “neutral” rating in a research report on Tuesday, October 9th. Longbow Research lowered shares of Whirlpool from a “buy” rating to a “neutral” rating and set a $185.00 price target on the stock. in a research report on Tuesday, July 24th. Zacks Investment Research lowered shares of Whirlpool from a “hold” rating to a “sell” rating in a research report on Saturday, July 7th. Finally, Cleveland Research reaffirmed a “hold” rating on shares of Whirlpool in a research report on Wednesday, October 10th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. Whirlpool presently has an average rating of “Hold” and a consensus target price of $144.88.
Whirlpool (NYSE:WHR) last released its quarterly earnings data on Wednesday, October 24th. The company reported $4.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.76 by $0.79. Whirlpool had a negative net margin of 2.95% and a positive return on equity of 23.93%. The firm had revenue of $5.33 billion for the quarter, compared to the consensus estimate of $5.34 billion. During the same period in the previous year, the company earned $3.83 earnings per share. The company’s quarterly revenue was down 1.7% on a year-over-year basis. On average, analysts predict that Whirlpool Co. will post 14.65 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Saturday, December 15th. Shareholders of record on Friday, November 16th will be issued a $1.15 dividend. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $4.60 annualized dividend and a dividend yield of 4.40%. Whirlpool’s dividend payout ratio is currently 33.48%.
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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