Rothschild Investment Corp IL continued to hold its stake in shares of Whirlpool Corporation (NYSE:WHR) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,263 shares of the company’s stock at the end of the second quarter. Rothschild Investment Corp IL’s holdings in Whirlpool Corporation were worth $1,200,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of WHR. BlackRock Inc. boosted its position in Whirlpool Corporation by 3,484.6% in the first quarter. BlackRock Inc. now owns 4,983,869 shares of the company’s stock worth $853,885,000 after buying an additional 4,844,832 shares during the period. Levin Capital Strategies L.P. purchased a new position in Whirlpool Corporation during the first quarter worth $113,386,000. Findlay Park Partners LLP boosted its position in Whirlpool Corporation by 333.3% in the first quarter. Findlay Park Partners LLP now owns 650,000 shares of the company’s stock worth $111,365,000 after buying an additional 500,000 shares during the period. SG Americas Securities LLC boosted its position in Whirlpool Corporation by 105.1% in the first quarter. SG Americas Securities LLC now owns 22,554 shares of the company’s stock worth $3,864,000 after buying an additional 464,224 shares during the period. Finally, Bank of America Corp DE boosted its position in Whirlpool Corporation by 17.2% in the first quarter. Bank of America Corp DE now owns 1,787,659 shares of the company’s stock worth $306,280,000 after buying an additional 262,246 shares during the period. 94.26% of the stock is owned by hedge funds and other institutional investors.
Shares of Whirlpool Corporation (WHR) traded down 0.82% during trading on Friday, reaching $170.08. 607,622 shares of the company’s stock were exchanged. The stock has a market cap of $12.41 billion, a P/E ratio of 17.02 and a beta of 1.79. The company has a 50 day moving average of $184.00 and a 200 day moving average of $180.70. Whirlpool Corporation has a 12-month low of $145.91 and a 12-month high of $202.99.
Whirlpool Corporation (NYSE:WHR) last released its quarterly earnings data on Wednesday, July 26th. The company reported $3.35 EPS for the quarter, missing analysts’ consensus estimates of $3.54 by $0.19. The business had revenue of $5.35 billion during the quarter, compared to analyst estimates of $5.35 billion. Whirlpool Corporation had a return on equity of 18.17% and a net margin of 3.61%. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.50 EPS. Equities research analysts anticipate that Whirlpool Corporation will post $14.64 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date of this dividend is Wednesday, August 23rd. Whirlpool Corporation’s dividend payout ratio is presently 44.04%.
Whirlpool Corporation announced that its board has initiated a share repurchase plan on Wednesday, July 26th that authorizes the company to repurchase $2.35 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 16.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board believes its stock is undervalued.
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Several analysts have commented on the stock. Royal Bank Of Canada reiterated a “top pick” rating and issued a $216.00 price target (down previously from $226.00) on shares of Whirlpool Corporation in a research note on Tuesday, June 20th. BidaskClub cut shares of Whirlpool Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Zacks Investment Research cut shares of Whirlpool Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Finally, Credit Suisse Group assumed coverage on shares of Whirlpool Corporation in a research report on Thursday, June 22nd. They set a “neutral” rating and a $208.00 target price on the stock. Six equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $194.71.
In other Whirlpool Corporation news, Director William D. Perez acquired 1,000 shares of the firm’s stock in a transaction on Monday, July 31st. The stock was purchased at an average price of $176.93 per share, with a total value of $176,930.00. Following the completion of the acquisition, the director now directly owns 7,239 shares in the company, valued at approximately $1,280,796.27. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.69% of the company’s stock.
About Whirlpool Corporation
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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