Deprince Race & Zollo Inc. Has $10.30 Million Position in Whirlpool Corporation $WHR

Deprince Race & Zollo Inc. lessened its holdings in shares of Whirlpool Corporation (NYSE:WHR) by 25.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 131,030 shares of the company’s stock after selling 43,683 shares during the period. Deprince Race & Zollo Inc. owned approximately 0.23% of Whirlpool worth $10,299,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of WHR. Abel Hall LLC bought a new stake in Whirlpool in the 2nd quarter valued at $1,205,000. Quinn Opportunity Partners LLC raised its stake in shares of Whirlpool by 30.4% in the 2nd quarter. Quinn Opportunity Partners LLC now owns 77,273 shares of the company’s stock valued at $7,837,000 after purchasing an additional 18,000 shares during the period. First City Capital Management Inc. bought a new stake in shares of Whirlpool in the second quarter valued at about $409,000. Baird Financial Group Inc. lifted its holdings in shares of Whirlpool by 26.6% in the first quarter. Baird Financial Group Inc. now owns 32,718 shares of the company’s stock valued at $2,949,000 after purchasing an additional 6,873 shares in the last quarter. Finally, Fishman Jay A Ltd. MI boosted its position in shares of Whirlpool by 51.7% during the second quarter. Fishman Jay A Ltd. MI now owns 154,972 shares of the company’s stock worth $15,717,000 after buying an additional 52,825 shares during the period. 90.78% of the stock is currently owned by institutional investors and hedge funds.

Whirlpool Trading Up 0.0%

WHR stock opened at $72.11 on Monday. Whirlpool Corporation has a 52 week low of $65.35 and a 52 week high of $135.49. The company has a market capitalization of $4.05 billion, a PE ratio of -21.46 and a beta of 1.21. The company’s 50-day simple moving average is $73.57 and its 200 day simple moving average is $84.18. The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.47 and a current ratio of 0.86.

Whirlpool (NYSE:WHR) last posted its quarterly earnings data on Monday, October 27th. The company reported $2.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.68. Whirlpool had a negative net margin of 1.18% and a positive return on equity of 19.49%. The firm had revenue of $4.03 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter in the previous year, the firm posted $3.43 EPS. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Whirlpool Corporation will post 9.52 earnings per share for the current year.

Whirlpool Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 21st were given a dividend of $0.90 per share. The ex-dividend date of this dividend was Friday, November 21st. This represents a $3.60 dividend on an annualized basis and a yield of 5.0%. Whirlpool’s dividend payout ratio is currently -107.14%.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Wall Street Zen upgraded Whirlpool from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Royal Bank Of Canada reaffirmed an “underperform” rating on shares of Whirlpool in a research report on Wednesday, October 29th. Weiss Ratings reissued a “sell (d)” rating on shares of Whirlpool in a report on Wednesday, October 8th. The Goldman Sachs Group decreased their price objective on shares of Whirlpool from $107.00 to $93.00 and set a “buy” rating for the company in a research report on Monday, October 13th. Finally, Zacks Research raised shares of Whirlpool from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 30th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average target price of $86.43.

About Whirlpool

Whirlpool Corporation is a leading global manufacturer and marketer of home appliances, with a product portfolio that spans major categories such as laundry, refrigeration, cooking, dishwashing and small electrics. Headquartered in Benton Harbor, Michigan, the company designs, produces and distributes its appliances through a network of wholly owned manufacturing facilities, joint ventures and third-party partners. Whirlpool serves both retail and professional markets, offering products under its flagship Whirlpool brand as well as several well-known names including Maytag, KitchenAid, JennAir, Amana, Brastemp and Consul.

In its laundry segment, Whirlpool provides top- and front-load washing machines, dryers and combination units designed to balance energy efficiency, capacity and convenience.