Whirlpool Co. (NYSE:WHR) Shares Bought by International Assets Investment Management LLC

International Assets Investment Management LLC boosted its holdings in shares of Whirlpool Co. (NYSE:WHR) by 42.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,142 shares of the company’s stock after purchasing an additional 4,789 shares during the period. International Assets Investment Management LLC’s holdings in Whirlpool were worth $1,924,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Private Trust Co. NA lifted its stake in Whirlpool by 190.7% during the fourth quarter. Private Trust Co. NA now owns 282 shares of the company’s stock valued at $34,000 after purchasing an additional 185 shares during the last quarter. ORG Partners LLC purchased a new stake in shares of Whirlpool in the 4th quarter valued at approximately $37,000. Parallel Advisors LLC lifted its position in shares of Whirlpool by 82.5% in the 4th quarter. Parallel Advisors LLC now owns 407 shares of the company’s stock valued at $50,000 after acquiring an additional 184 shares in the last quarter. Federated Hermes Inc. lifted its position in shares of Whirlpool by 79.4% in the 4th quarter. Federated Hermes Inc. now owns 436 shares of the company’s stock valued at $53,000 after acquiring an additional 193 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its position in shares of Whirlpool by 27.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 539 shares of the company’s stock valued at $66,000 after acquiring an additional 115 shares in the last quarter. 90.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on WHR. StockNews.com downgraded shares of Whirlpool from a “buy” rating to a “hold” rating in a research report on Friday, April 26th. Bank of America upped their price target on shares of Whirlpool from $63.00 to $75.00 in a research report on Friday, May 17th. Finally, Royal Bank of Canada dropped their price objective on shares of Whirlpool from $85.00 to $79.00 and set an “underperform” rating on the stock in a research note on Friday, April 26th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $111.00.

Whirlpool Price Performance

NYSE:WHR opened at $90.43 on Monday. The firm has a market cap of $4.94 billion, a PE ratio of 12.46 and a beta of 1.48. Whirlpool Co. has a 12 month low of $84.18 and a 12 month high of $160.62. The company has a quick ratio of 0.58, a current ratio of 0.95 and a debt-to-equity ratio of 2.56. The company’s 50-day moving average price is $93.76 and its two-hundred day moving average price is $106.29.

Whirlpool (NYSE:WHR) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.17. The firm had revenue of $4.49 billion during the quarter, compared to analysts’ expectations of $4.42 billion. Whirlpool had a net margin of 2.07% and a return on equity of 35.16%. The business’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.66 earnings per share. On average, equities analysts anticipate that Whirlpool Co. will post 12.37 EPS for the current fiscal year.

Whirlpool Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, June 15th. Investors of record on Friday, May 17th were issued a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a yield of 7.74%. The ex-dividend date was Thursday, May 16th. Whirlpool’s dividend payout ratio is currently 96.42%.

Whirlpool Profile

Whirlpool Corporation manufactures and markets home appliances and related products and services in the North America, Europe, the Middle East, Africa, Latin America, and Asia. The company's principal products include refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances, and commercial laundry products and related laundry accessories; cooking and other small domestic appliances; and dishwasher appliances and related accessories, as well as mixers.