Mirae Asset Global Investments Co. Ltd. Acquires 1,102 Shares of Whirlpool Co. (NYSE:WHR)

Mirae Asset Global Investments Co. Ltd. increased its position in Whirlpool Co. (NYSE:WHR) by 5.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 21,444 shares of the company’s stock after purchasing an additional 1,102 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Whirlpool were worth $2,611,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Envestnet Asset Management Inc. grew its stake in shares of Whirlpool by 19.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 90,465 shares of the company’s stock valued at $12,095,000 after buying an additional 14,851 shares during the period. IFG Advisory LLC boosted its stake in Whirlpool by 5.6% during the 4th quarter. IFG Advisory LLC now owns 2,737 shares of the company’s stock valued at $333,000 after purchasing an additional 146 shares during the last quarter. Gilman Hill Asset Management LLC boosted its stake in Whirlpool by 47.0% during the 4th quarter. Gilman Hill Asset Management LLC now owns 79,926 shares of the company’s stock valued at $9,733,000 after purchasing an additional 25,541 shares during the last quarter. Deutsche Bank AG boosted its stake in Whirlpool by 4.7% during the 3rd quarter. Deutsche Bank AG now owns 428,220 shares of the company’s stock valued at $57,253,000 after purchasing an additional 19,036 shares during the last quarter. Finally, Mariner LLC boosted its stake in Whirlpool by 62.2% during the 3rd quarter. Mariner LLC now owns 8,190 shares of the company’s stock valued at $1,095,000 after purchasing an additional 3,141 shares during the last quarter. 90.78% of the stock is currently owned by institutional investors and hedge funds.

Whirlpool Price Performance

Shares of NYSE WHR opened at $104.11 on Friday. The company has a quick ratio of 0.57, a current ratio of 0.89 and a debt-to-equity ratio of 2.53. The company has a market capitalization of $5.69 billion, a PE ratio of 11.95 and a beta of 1.48. The stock’s 50 day moving average price is $110.03 and its 200-day moving average price is $113.86. Whirlpool Co. has a twelve month low of $98.40 and a twelve month high of $160.62.

Whirlpool (NYSE:WHR) last posted its quarterly earnings results on Tuesday, January 30th. The company reported $3.85 EPS for the quarter, topping analysts’ consensus estimates of $3.53 by $0.32. The company had revenue of $5.09 billion for the quarter, compared to analysts’ expectations of $4.98 billion. Whirlpool had a net margin of 2.47% and a return on equity of 38.67%. Whirlpool’s revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.89 EPS. On average, equities analysts anticipate that Whirlpool Co. will post 13.64 EPS for the current year.

Whirlpool Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Saturday, June 15th. Investors of record on Friday, May 17th will be issued a $1.75 dividend. The ex-dividend date is Thursday, May 16th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 6.72%. Whirlpool’s dividend payout ratio (DPR) is presently 80.37%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Loop Capital assumed coverage on Whirlpool in a research note on Thursday, February 22nd. They set a “buy” rating and a $140.00 price target for the company. Royal Bank of Canada cut their price target on Whirlpool from $92.00 to $85.00 and set an “underperform” rating for the company in a research note on Wednesday, January 31st. JPMorgan Chase & Co. cut their target price on Whirlpool from $120.00 to $111.00 and set a “neutral” rating on the stock in a research note on Friday, February 2nd. TheStreet upgraded Whirlpool from a “d+” rating to a “c+” rating in a research note on Monday, January 29th. Finally, StockNews.com upgraded Whirlpool from a “hold” rating to a “buy” rating in a research note on Tuesday, February 27th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $114.60.

About Whirlpool

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.