Macquarie Group Ltd. Grows Position in Whirlpool Co. (NYSE:WHR)

Macquarie Group Ltd. raised its position in Whirlpool Co. (NYSE:WHR – Get Rating) by 16.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,126 shares of the company’s stock after purchasing an additional 5,293 shares during the quarter. Macquarie Group Ltd. owned 0.07% of Whirlpool worth $5,140,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. TD Capital Management LLC purchased a new position in shares of Whirlpool in the 3rd quarter worth about $28,000. Tobam purchased a new stake in shares of Whirlpool during the 3rd quarter valued at about $30,000. Jones Financial Companies Lllp purchased a new stake in shares of Whirlpool during the 2nd quarter valued at about $31,000. Cambridge Trust Co. raised its holdings in shares of Whirlpool by 119.6% during the 2nd quarter. Cambridge Trust Co. now owns 224 shares of the company’s stock valued at $35,000 after buying an additional 122 shares during the period. Finally, Geneos Wealth Management Inc. raised its holdings in shares of Whirlpool by 96.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 204 shares of the company’s stock valued at $35,000 after buying an additional 100 shares during the period. 92.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Whirlpool

In related news, VP Christopher S. Conley sold 1,535 shares of the business’s stock in a transaction that occurred on Tuesday, February 14th. The stock was sold at an average price of $147.20, for a total transaction of $225,952.00. Following the completion of the transaction, the vice president now owns 2,384 shares in the company, valued at approximately $350,924.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.33% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on WHR shares. The Goldman Sachs Group reiterated a “neutral” rating and set a $160.00 target price on shares of Whirlpool in a report on Thursday, November 17th. StockNews.com upgraded Whirlpool from a “sell” rating to a “hold” rating in a report on Thursday, March 2nd. Royal Bank of Canada raised their target price on Whirlpool from $108.00 to $118.00 and gave the company an “underperform” rating in a report on Wednesday, February 1st. JPMorgan Chase & Co. dropped their price objective on Whirlpool from $145.00 to $137.00 and set a “neutral” rating on the stock in a report on Tuesday, December 20th. Finally, Credit Suisse Group lifted their price objective on Whirlpool from $140.00 to $150.00 and gave the stock a “neutral” rating in a report on Thursday, February 2nd. Three analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. Based on data from MarketBeat, Whirlpool currently has a consensus rating of “Hold” and a consensus target price of $144.00.

Whirlpool Trading Down 1.9 %

Shares of WHR opened at $134.70 on Wednesday. The stock has a 50 day moving average of $147.09 and a 200-day moving average of $145.80. The company has a current ratio of 1.08, a quick ratio of 0.73 and a debt-to-equity ratio of 2.94. Whirlpool Co. has a 52 week low of $124.43 and a 52 week high of $199.95.

Whirlpool (NYSE:WHR – Get Rating) last issued its earnings results on Tuesday, January 31st. The company reported $3.89 EPS for the quarter, topping the consensus estimate of $3.29 by $0.60. The company had revenue of $4.92 billion during the quarter, compared to analyst estimates of $4.92 billion. Whirlpool had a positive return on equity of 27.98% and a negative net margin of 7.71%. The business’s revenue was down 15.3% on a year-over-year basis. During the same quarter last year, the firm earned $6.14 EPS. As a group, sell-side analysts expect that Whirlpool Co. will post 16.68 EPS for the current year.

Whirlpool Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 15th. Stockholders of record on Friday, March 3rd will be given a $1.75 dividend. The ex-dividend date is Thursday, March 2nd. This represents a $7.00 annualized dividend and a dividend yield of 5.20%. Whirlpool’s payout ratio is -24.96%.

Whirlpool Company Profile

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Whirlpool Corp. engages in the manufacturing and marketing of home appliances. Its products include home laundry appliances, refrigerators and freezers, cooking appliances, home dishwashers, and room air-conditioning equipment, mixers, and portable household appliances. The firm’s brands include Whirlpool, KitchenAid, Maytag, Consul, Brastemp, Amana, Bauknecht, JennAir, and Indesit.