Oppenheimer Asset Management Inc. lowered its stake in shares of Whirlpool Co. (NYSE:WHR – Get Rating) by 3.9% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,345 shares of the company’s stock after selling 219 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Whirlpool were worth $828,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. boosted its position in Whirlpool by 25.4% during the second quarter. Oppenheimer & Co. Inc. now owns 3,005 shares of the company’s stock worth $465,000 after purchasing an additional 608 shares during the period. Integrated Wealth Concepts LLC raised its stake in Whirlpool by 11.8% in the second quarter. Integrated Wealth Concepts LLC now owns 2,324 shares of the company’s stock valued at $360,000 after purchasing an additional 245 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund raised its stake in Whirlpool by 10.3% in the second quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 1,920 shares of the company’s stock valued at $297,000 after purchasing an additional 179 shares in the last quarter. Kentucky Retirement Systems raised its stake in Whirlpool by 10.9% in the second quarter. Kentucky Retirement Systems now owns 4,171 shares of the company’s stock valued at $646,000 after purchasing an additional 410 shares in the last quarter. Finally, Jones Financial Companies Lllp purchased a new stake in Whirlpool in the second quarter valued at approximately $31,000. Institutional investors own 96.37% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on WHR shares. TheStreet downgraded shares of Whirlpool from a “b” rating to a “c+” rating in a research note on Monday, July 25th. Bank of America cut shares of Whirlpool from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $155.00 to $119.00 in a research report on Wednesday, October 26th. StockNews.com began coverage on shares of Whirlpool in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, Credit Suisse Group reduced their price target on shares of Whirlpool to $157.00 in a research report on Thursday, October 20th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $174.00.
Whirlpool Stock Down 2.3 %
Whirlpool (NYSE:WHR – Get Rating) last issued its earnings results on Friday, October 21st. The company reported $4.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $5.76 by ($1.27). The firm had revenue of $4.78 billion during the quarter, compared to the consensus estimate of $5.15 billion. Whirlpool had a return on equity of 27.65% and a net margin of 1.86%. The firm’s revenue for the quarter was down 12.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $6.68 EPS. Equities research analysts forecast that Whirlpool Co. will post 19.19 EPS for the current year.
Whirlpool Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Friday, November 18th will be issued a $1.75 dividend. This represents a $7.00 annualized dividend and a yield of 4.58%. The ex-dividend date of this dividend is Thursday, November 17th. Whirlpool’s dividend payout ratio (DPR) is currently 112.72%.
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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