Whirlpool Co. (WHR) Position Raised by Northern Trust Corp

Northern Trust Corp boosted its holdings in shares of Whirlpool Co. (NYSE:WHR) by 8.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 745,509 shares of the company’s stock after purchasing an additional 55,629 shares during the period. Northern Trust Corp owned 1.17% of Whirlpool worth $79,673,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in WHR. Oregon Public Employees Retirement Fund increased its holdings in Whirlpool by 9,212.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,303,672 shares of the company’s stock valued at $31,000 after purchasing an additional 3,268,195 shares in the last quarter. Massey Quick Simon & CO. LLC bought a new position in Whirlpool in the 4th quarter valued at $32,000. WealthTrust Arizona LLC bought a new position in Whirlpool in the 4th quarter valued at $32,000. Rehmann Capital Advisory Group boosted its position in Whirlpool by 79.7% in the 3rd quarter. Rehmann Capital Advisory Group now owns 309 shares of the company’s stock valued at $37,000 after buying an additional 137 shares during the last quarter. Finally, Doyle Wealth Management bought a new position in Whirlpool in the 4th quarter valued at $52,000. 92.77% of the stock is owned by hedge funds and other institutional investors.

WHR stock opened at $140.07 on Friday. Whirlpool Co. has a 1-year low of $99.40 and a 1-year high of $167.54. The stock has a market cap of $8.97 billion, a price-to-earnings ratio of 9.24, a price-to-earnings-growth ratio of 1.99 and a beta of 1.63. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.55 and a current ratio of 0.82.

Whirlpool (NYSE:WHR) last released its quarterly earnings results on Monday, January 28th. The company reported $4.75 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $4.30 by $0.45. Whirlpool had a positive return on equity of 27.24% and a negative net margin of 0.87%. The firm had revenue of $5.66 billion for the quarter, compared to the consensus estimate of $5.76 billion. During the same quarter last year, the business posted $4.10 EPS. The company’s revenue for the quarter was down .7% on a year-over-year basis. Analysts predict that Whirlpool Co. will post 14.66 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Friday, March 1st will be paid a $1.15 dividend. This represents a $4.60 annualized dividend and a dividend yield of 3.28%. The ex-dividend date of this dividend is Thursday, February 28th. Whirlpool’s dividend payout ratio is 30.34%.

A number of research analysts have commented on WHR shares. Royal Bank of Canada lowered Whirlpool from a “sector perform” rating to an “underperform” rating and set a $134.60 price objective on the stock. in a research report on Wednesday, January 30th. Raymond James lowered Whirlpool from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 30th. Buckingham Research started coverage on Whirlpool in a research report on Wednesday, January 23rd. They issued a “neutral” rating and a $135.00 price objective on the stock. Credit Suisse Group reiterated a “neutral” rating and issued a $125.00 price objective on shares of Whirlpool in a research report on Wednesday, November 28th. They noted that the move was a valuation call. Finally, Zacks Investment Research lowered Whirlpool from a “buy” rating to a “hold” rating in a research report on Saturday, January 19th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the stock. Whirlpool has an average rating of “Hold” and an average target price of $146.40.

In other Whirlpool news, Director Michael F. Johnston sold 2,845 shares of Whirlpool stock in a transaction dated Friday, February 1st. The stock was sold at an average price of $133.54, for a total value of $379,921.30. Following the sale, the director now owns 6,550 shares of the company’s stock, valued at approximately $874,687. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.91% of the company’s stock.

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Whirlpool Company Profile

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 appliances and other small domestic appliances; and dishwasher appliances and related accessories.

Further Reading: Depreciation

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Institutional Ownership by Quarter for Whirlpool (NYSE:WHR)

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