Deutsche Bank AG Buys 83,523 Shares of Whirlpool Co. (NYSE:WHR)

Deutsche Bank AG raised its stake in shares of Whirlpool Co. (NYSE:WHRGet Rating) by 18.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 535,642 shares of the company’s stock after acquiring an additional 83,523 shares during the period. Deutsche Bank AG owned about 0.98% of Whirlpool worth $82,955,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. GoalVest Advisory LLC bought a new stake in shares of Whirlpool during the 2nd quarter worth $30,000. Jones Financial Companies Lllp bought a new stake in shares of Whirlpool during the 2nd quarter worth $31,000. Geneos Wealth Management Inc. raised its stake in shares of Whirlpool by 96.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 204 shares of the company’s stock worth $35,000 after purchasing an additional 100 shares during the period. Total Clarity Wealth Management Inc. bought a new stake in shares of Whirlpool during the 2nd quarter worth $33,000. Finally, IndexIQ Advisors LLC bought a new stake in shares of Whirlpool during the 1st quarter worth $37,000. 96.37% of the stock is currently owned by institutional investors.

Whirlpool Stock Down 0.3 %

WHR stock opened at $147.42 on Monday. The company has a quick ratio of 0.74, a current ratio of 1.16 and a debt-to-equity ratio of 1.09. The firm has a market capitalization of $8.03 billion, a PE ratio of 23.74, a PEG ratio of 1.51 and a beta of 1.52. Whirlpool Co. has a twelve month low of $124.43 and a twelve month high of $245.44. The stock has a 50-day simple moving average of $141.55 and a two-hundred day simple moving average of $158.11.

Whirlpool (NYSE:WHRGet Rating) last posted its earnings results on Friday, October 21st. The company reported $4.49 earnings per share for the quarter, missing analysts’ consensus estimates of $5.76 by ($1.27). The company had revenue of $4.78 billion for the quarter, compared to analysts’ expectations of $5.15 billion. Whirlpool had a net margin of 1.86% and a return on equity of 27.65%. The firm’s quarterly revenue was down 12.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $6.68 EPS. On average, equities analysts predict that Whirlpool Co. will post 19.19 EPS for the current fiscal year.

Whirlpool Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Friday, November 18th will be issued a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date is Thursday, November 17th. Whirlpool’s payout ratio is presently 112.72%.

Analyst Ratings Changes

WHR has been the topic of a number of recent analyst reports. The Goldman Sachs Group reiterated a “neutral” rating and set a $160.00 target price on shares of Whirlpool in a research note on Thursday. Bank of America lowered Whirlpool from a “neutral” rating to an “underperform” rating and decreased their price objective for the stock from $155.00 to $119.00 in a report on Wednesday, October 26th. StockNews.com started coverage on Whirlpool in a report on Wednesday, October 12th. They issued a “hold” rating for the company. TheStreet lowered Whirlpool from a “b” rating to a “c+” rating in a report on Monday, July 25th. Finally, Credit Suisse Group decreased their price objective on Whirlpool to $157.00 in a report on Thursday, October 20th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $167.00.

Whirlpool Profile

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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.

Further Reading

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Institutional Ownership by Quarter for Whirlpool (NYSE:WHR)

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