Cullen Frost Bankers Inc. boosted its stake in Whirlpool Co. (NYSE:WHR) by 6.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,120 shares of the company’s stock after purchasing an additional 318 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Whirlpool were worth $811,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently modified their holdings of WHR. Amundi Pioneer Asset Management Inc. boosted its stake in Whirlpool by 255.8% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 131,570 shares of the company’s stock worth $17,483,000 after purchasing an additional 94,587 shares during the period. LVM Capital Management Ltd. MI bought a new position in Whirlpool in the 2nd quarter worth about $203,000. WINTON GROUP Ltd bought a new position in Whirlpool in the 2nd quarter worth about $15,431,000. Crossmark Global Holdings Inc. boosted its stake in Whirlpool by 8.7% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 8,766 shares of the company’s stock worth $1,248,000 after purchasing an additional 699 shares during the period. Finally, Contravisory Investment Management Inc. bought a new position in Whirlpool in the 2nd quarter worth about $345,000. Institutional investors and hedge funds own 94.53% of the company’s stock.
WHR has been the subject of a number of research analyst reports. Gabelli reiterated a “hold” rating on shares of Whirlpool in a research report on Wednesday, July 24th. ValuEngine upgraded Whirlpool from a “strong sell” rating to a “sell” rating in a research report on Thursday, October 24th. Buckingham Research set a $150.00 price target on Whirlpool and gave the company a “hold” rating in a research report on Tuesday, October 15th. Bank of America lifted their price target on Whirlpool from $150.00 to $157.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Finally, TheStreet upgraded Whirlpool from a “c+” rating to a “b-” rating in a research report on Monday, July 22nd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $153.94.
Whirlpool (NYSE:WHR) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $3.97 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.90 by $0.07. The firm had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.14 billion. Whirlpool had a return on equity of 28.06% and a net margin of 5.15%. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter last year, the company posted $4.55 EPS. As a group, analysts predict that Whirlpool Co. will post 15.39 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Friday, November 15th will be given a dividend of $1.20 per share. The ex-dividend date is Thursday, November 14th. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.10%. Whirlpool’s dividend payout ratio (DPR) is presently 31.66%.
In related news, Director Gary T. Dicamillo sold 833 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $153.41, for a total transaction of $127,790.53. Following the transaction, the director now directly owns 6,667 shares of the company’s stock, valued at approximately $1,022,784.47. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.91% of the company’s stock.
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.
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