Whirlpool Co. (NYSE:WHR) Shares Bought by Summit Financial LLC

Summit Financial LLC lifted its stake in shares of Whirlpool Co. (NYSE:WHR) by 4.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,762 shares of the company’s stock after acquiring an additional 150 shares during the period. Summit Financial LLC’s holdings in Whirlpool were worth $431,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of WHR. Brown Lisle Cummings Inc. purchased a new stake in Whirlpool during the fourth quarter valued at about $27,000. SBI Securities Co. Ltd. acquired a new position in shares of Whirlpool in the 4th quarter valued at about $30,000. GAMMA Investing LLC grew its holdings in shares of Whirlpool by 323.1% during the 4th quarter. GAMMA Investing LLC now owns 275 shares of the company’s stock worth $31,000 after purchasing an additional 210 shares during the period. Bogart Wealth LLC increased its position in Whirlpool by 113.6% during the 4th quarter. Bogart Wealth LLC now owns 282 shares of the company’s stock worth $32,000 after purchasing an additional 150 shares in the last quarter. Finally, Legend Financial Advisors Inc. purchased a new position in Whirlpool in the fourth quarter valued at approximately $34,000. 90.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on WHR shares. The Goldman Sachs Group increased their price objective on shares of Whirlpool from $125.00 to $138.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. StockNews.com upgraded Whirlpool from a “sell” rating to a “hold” rating in a report on Tuesday, January 21st. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $106.00.

Whirlpool Trading Down 5.2 %

WHR opened at $86.08 on Friday. The firm’s 50 day moving average is $100.27 and its 200-day moving average is $107.80. Whirlpool Co. has a 52-week low of $84.18 and a 52-week high of $135.49. The company has a quick ratio of 0.44, a current ratio of 0.72 and a debt-to-equity ratio of 1.62. The firm has a market capitalization of $4.77 billion, a P/E ratio of -14.69 and a beta of 1.44.

Whirlpool (NYSE:WHR) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $4.57 EPS for the quarter, topping analysts’ consensus estimates of $4.26 by $0.31. Whirlpool had a negative net margin of 1.95% and a positive return on equity of 21.89%. During the same period last year, the company posted $3.85 EPS. Analysts expect that Whirlpool Co. will post 9.52 EPS for the current fiscal year.

Whirlpool Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Friday, February 28th were paid a dividend of $1.75 per share. The ex-dividend date was Friday, February 28th. This represents a $7.00 dividend on an annualized basis and a yield of 8.13%. Whirlpool’s dividend payout ratio (DPR) is presently -119.45%.

Whirlpool Company 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.