Whirlpool Co. (NYSE:WHR) Plans $1.75 Quarterly Dividend

Whirlpool Co. (NYSE:WHRGet Rating) declared a quarterly dividend on Monday, April 18th, RTT News reports. Shareholders of record on Friday, May 20th will be given a dividend of 1.75 per share on Wednesday, June 15th. This represents a $7.00 annualized dividend and a yield of 4.10%.

Whirlpool has a payout ratio of 25.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Whirlpool to earn $28.38 per share next year, which means the company should continue to be able to cover its $7.00 annual dividend with an expected future payout ratio of 24.7%.

Whirlpool stock traded up $0.23 during trading hours on Monday, hitting $170.78. The stock had a trading volume of 983,158 shares, compared to its average volume of 975,051. The company has a 50-day moving average of $189.22 and a two-hundred day moving average of $208.17. The company has a quick ratio of 0.82, a current ratio of 1.14 and a debt-to-equity ratio of 0.98. The company has a market cap of $10.01 billion, a PE ratio of 6.02, a price-to-earnings-growth ratio of 1.04 and a beta of 1.71. Whirlpool has a fifty-two week low of $164.52 and a fifty-two week high of $257.68.

Whirlpool (NYSE:WHRGet Rating) last posted its quarterly earnings results on Wednesday, January 26th. The company reported $6.14 EPS for the quarter, beating the consensus estimate of $5.88 by $0.26. Whirlpool had a return on equity of 32.84% and a net margin of 8.11%. The firm had revenue of $5.82 billion during the quarter, compared to analysts’ expectations of $5.88 billion. During the same quarter in the prior year, the firm posted $6.64 EPS. The company’s revenue for the quarter was up .3% on a year-over-year basis. As a group, analysts forecast that Whirlpool will post 27.28 EPS for the current fiscal year.

In other Whirlpool news, Director Gary T. Dicamillo sold 1,000 shares of the stock in a transaction on Tuesday, February 1st. The stock was sold at an average price of $209.90, for a total value of $209,900.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.33% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in WHR. Morgan Stanley boosted its position in Whirlpool by 15.4% in the 2nd quarter. Morgan Stanley now owns 416,174 shares of the company’s stock valued at $90,736,000 after buying an additional 55,658 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in shares of Whirlpool by 46.6% in the 4th quarter. Advisors Asset Management Inc. now owns 7,527 shares of the company’s stock valued at $1,766,000 after purchasing an additional 2,391 shares during the period. Metropolitan Life Insurance Co NY lifted its stake in shares of Whirlpool by 12.9% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 6,917 shares of the company’s stock valued at $1,623,000 after purchasing an additional 790 shares during the period. Penserra Capital Management LLC lifted its stake in shares of Whirlpool by 19.4% in the 4th quarter. Penserra Capital Management LLC now owns 2,970 shares of the company’s stock valued at $695,000 after purchasing an additional 483 shares during the period. Finally, Peapack Gladstone Financial Corp lifted its stake in shares of Whirlpool by 9.3% in the 4th quarter. Peapack Gladstone Financial Corp now owns 5,889 shares of the company’s stock valued at $1,382,000 after purchasing an additional 501 shares during the period. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Whirlpool announced that its board has authorized a stock repurchase plan on Monday, February 14th that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the company to purchase up to 16.8% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

WHR has been the topic of several analyst reports. Credit Suisse Group initiated coverage on Whirlpool in a research note on Tuesday, April 5th. They issued a “neutral” rating and a $180.00 price objective on the stock. Cfra lowered Whirlpool to a “sell” rating and set a $180.00 price objective on the stock. in a research note on Friday, April 8th. The Goldman Sachs Group lowered their price objective on Whirlpool from $280.00 to $220.00 and set a “buy” rating on the stock in a research note on Tuesday, April 12th. StockNews.com initiated coverage on Whirlpool in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Zacks Investment Research lowered Whirlpool from a “buy” rating to a “hold” rating and set a $198.00 price target on the stock. in a research report on Wednesday, March 30th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Whirlpool has a consensus rating of “Hold” and a consensus price target of $204.86.

Whirlpool Company Profile (Get Rating)

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 refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances and related laundry accessories; cooking and other small domestic appliances; and dishwasher appliances and related accessories, as well as mixers.

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Dividend History for Whirlpool (NYSE:WHR)

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