Bahl & Gaynor Inc. Buys 1,293 Shares of Whirlpool Corp. (WHR)
Bahl & Gaynor Inc. increased its position in shares of Whirlpool Corp. (NYSE:WHR) by 9.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,284 shares of the company’s stock after buying an additional 1,293 shares during the period. Bahl & Gaynor Inc.’s holdings in Whirlpool Corp. were worth $2,478,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Homrich & Berg increased its stake in shares of Whirlpool Corp. by 35.4% in the third quarter. Homrich & Berg now owns 2,022 shares of the company’s stock worth $328,000 after buying an additional 529 shares during the period. NN Investment Partners Holdings N.V. increased its stake in shares of Whirlpool Corp. by 29.1% in the second quarter. NN Investment Partners Holdings N.V. now owns 24,459 shares of the company’s stock worth $4,077,000 after buying an additional 5,509 shares during the period. Somerset Trust Co increased its stake in shares of Whirlpool Corp. by 0.3% in the second quarter. Somerset Trust Co now owns 12,743 shares of the company’s stock worth $2,123,000 after buying an additional 33 shares during the period. Creative Planning increased its stake in shares of Whirlpool Corp. by 26.0% in the second quarter. Creative Planning now owns 3,577 shares of the company’s stock worth $596,000 after buying an additional 739 shares during the period. Finally, Mutual of Omaha Bank Wealth Management acquired a new stake in shares of Whirlpool Corp. during the second quarter worth about $401,000. 89.98% of the stock is owned by institutional investors.
Shares of Whirlpool Corp. (NYSE:WHR) traded down 0.70% during trading on Wednesday, reaching $162.44. The company had a trading volume of 578,285 shares. The stock has a market capitalization of $12.20 billion, a price-to-earnings ratio of 14.20 and a beta of 1.94. Whirlpool Corp. has a 52-week low of $123.60 and a 52-week high of $194.10. The stock has a 50 day moving average of $159.87 and a 200 day moving average of $170.95.
Whirlpool Corp. (NYSE:WHR) last posted its quarterly earnings data on Tuesday, October 25th. The company reported $3.66 earnings per share for the quarter, missing analysts’ consensus estimates of $3.88 by $0.22. The firm earned $5.20 billion during the quarter, compared to analysts’ expectations of $5.34 billion. Whirlpool Corp. had a net margin of 4.31% and a return on equity of 18.64%. The business’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the previous year, the company earned $3.45 earnings per share. Equities research analysts forecast that Whirlpool Corp. will post $14.14 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Friday, November 18th will be given a $1.00 dividend. The ex-dividend date is Wednesday, November 16th. This represents a $4.00 dividend on an annualized basis and a yield of 2.46%. Whirlpool Corp.’s payout ratio is currently 34.93%.
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A number of brokerages have issued reports on WHR. Gabelli downgraded Whirlpool Corp. from a “buy” rating to a “hold” rating in a report on Monday, September 12th. Zacks Investment Research upgraded Whirlpool Corp. from a “sell” rating to a “hold” rating in a research report on Thursday, October 20th. KeyCorp cut their target price on Whirlpool Corp. from $205.00 to $190.00 and set an “overweight” rating on the stock in a research report on Tuesday. MKM Partners cut Whirlpool Corp. from a “buy” rating to a “neutral” rating and cut their target price for the stock from $215.00 to $176.00 in a research report on Monday, October 17th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and set a $182.00 target price on shares of Whirlpool Corp. in a research report on Thursday, October 27th. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $189.88.
In other Whirlpool Corp. news, insider David T. Szczupak sold 10,307 shares of the company’s stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $181.33, for a total value of $1,868,968.31. Following the completion of the transaction, the insider now directly owns 4,807 shares of the company’s stock, valued at approximately $871,653.31. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 2.62% of the stock is currently owned by company insiders.
About Whirlpool Corp.
Whirlpool Corporation is a manufacturer and marketer of home appliances. The Company manufactures products in approximately 15 countries and markets products around the world under brand names, such as Whirlpool, KitchenAid, Maytag, Consul, Brastemp, Amana, Bauknecht, Jenn-Air and Indesit. The Company’s segments include North America, Latin America, EMEA (Europe, Middle East and Africa) and Asia.
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