New Mexico Educational Retirement Board reduced its stake in shares of Whirlpool Co. (NYSE:WHR – Get Rating) by 10.4% in the first quarter, Holdings Channel.com reports. The institutional investor owned 3,444 shares of the company’s stock after selling 400 shares during the period. New Mexico Educational Retirement Board’s holdings in Whirlpool were worth $595,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Community Financial Services Group LLC grew its stake in Whirlpool by 4.0% during the 4th quarter. Community Financial Services Group LLC now owns 14,608 shares of the company’s stock worth $3,428,000 after buying an additional 560 shares during the last quarter. Rehmann Capital Advisory Group grew its stake in Whirlpool by 11.8% during the 4th quarter. Rehmann Capital Advisory Group now owns 4,881 shares of the company’s stock worth $1,166,000 after buying an additional 516 shares during the last quarter. Quent Capital LLC bought a new position in Whirlpool during the 4th quarter worth $146,000. AlphaCentric Advisors LLC bought a new position in Whirlpool during the 4th quarter worth $212,000. Finally, Invst LLC grew its stake in Whirlpool by 10.5% during the 4th quarter. Invst LLC now owns 3,669 shares of the company’s stock worth $712,000 after buying an additional 349 shares during the last quarter. Hedge funds and other institutional investors own 97.80% of the company’s stock.
WHR has been the subject of several recent analyst reports. JPMorgan Chase & Co. decreased their price target on Whirlpool from $221.00 to $205.00 and set an “overweight” rating for the company in a research note on Wednesday, April 20th. The Goldman Sachs Group decreased their price target on Whirlpool from $235.00 to $202.00 and set a “buy” rating for the company in a research note on Thursday. StockNews.com initiated coverage on Whirlpool in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Cfra cut Whirlpool to a “sell” rating and set a $180.00 price target for the company. in a research note on Friday, April 8th. Finally, Credit Suisse Group initiated coverage on Whirlpool in a research note on Tuesday, April 5th. They issued a “neutral” rating and a $180.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $200.33.
Shares of WHR stock opened at $163.58 on Friday. The stock has a 50-day simple moving average of $175.08 and a 200-day simple moving average of $194.63. Whirlpool Co. has a fifty-two week low of $145.93 and a fifty-two week high of $245.44. The stock has a market capitalization of $9.19 billion, a P/E ratio of 6.08, a P/E/G ratio of 1.14 and a beta of 1.54. The company has a quick ratio of 0.70, a current ratio of 1.08 and a debt-to-equity ratio of 0.98.
Whirlpool (NYSE:WHR – Get Rating) last announced its earnings results on Monday, April 25th. The company reported $5.31 earnings per share for the quarter, beating the consensus estimate of $4.90 by $0.41. Whirlpool had a return on equity of 30.56% and a net margin of 7.72%. The business had revenue of $4.92 billion during the quarter, compared to analysts’ expectations of $5.30 billion. During the same quarter last year, the business posted $7.20 earnings per share. The company’s quarterly revenue was down 8.2% on a year-over-year basis. On average, sell-side analysts anticipate that Whirlpool Co. will post 24.86 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, June 15th. Stockholders of record on Friday, May 20th were issued a dividend of $1.75 per share. This represents a $7.00 annualized dividend and a dividend yield of 4.28%. The ex-dividend date of this dividend was Thursday, May 19th. Whirlpool’s dividend payout ratio is 26.03%.
About Whirlpool (GetRating)
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 main products include refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances and related laundry accessories; cooking and other small domestic appliances; and dishwasher appliances and related accessories, as well as mixers.
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