LSV Asset Management Has $149.71 Million Stock Position in Whirlpool Co. (NYSE:WHR)

LSV Asset Management trimmed its stake in shares of Whirlpool Co. (NYSE:WHR) by 10.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,464,860 shares of the company’s stock after selling 163,849 shares during the quarter. LSV Asset Management’s holdings in Whirlpool were worth $149,709,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. FIFTHDELTA Ltd acquired a new position in shares of Whirlpool in the 1st quarter worth approximately $50,986,000. Norges Bank acquired a new position in shares of Whirlpool in the 4th quarter worth approximately $31,503,000. Trexquant Investment LP acquired a new position in shares of Whirlpool in the 4th quarter worth approximately $17,810,000. Principal Financial Group Inc. boosted its holdings in shares of Whirlpool by 235.2% in the 1st quarter. Principal Financial Group Inc. now owns 206,939 shares of the company’s stock worth $24,756,000 after acquiring an additional 145,198 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Whirlpool by 73.2% in the 1st quarter. Russell Investments Group Ltd. now owns 321,077 shares of the company’s stock worth $38,408,000 after acquiring an additional 135,740 shares in the last quarter. 90.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Royal Bank of Canada reduced their target price on Whirlpool from $79.00 to $76.00 and set an “underperform” rating on the stock in a report on Friday, July 26th. Bank of America assumed coverage on Whirlpool in a report on Tuesday, July 30th. They issued an “underperform” rating and a $88.00 target price on the stock. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $103.75.

Insider Buying and Selling at Whirlpool

In other Whirlpool news, EVP Juan Carlos Puente sold 3,266 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $100.00, for a total transaction of $326,600.00. Following the completion of the sale, the executive vice president now owns 19,070 shares in the company, valued at approximately $1,907,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.05% of the company’s stock.

Whirlpool Trading Up 0.1 %

WHR stock traded up $0.08 during trading on Friday, hitting $97.61. The company had a trading volume of 444,233 shares, compared to its average volume of 1,286,208. The company has a quick ratio of 0.58, a current ratio of 0.96 and a debt-to-equity ratio of 1.88. The firm has a 50-day moving average price of $100.31 and a 200-day moving average price of $100.67. Whirlpool Co. has a 12 month low of $84.18 and a 12 month high of $138.90. The stock has a market cap of $5.33 billion, a price-to-earnings ratio of 13.44 and a beta of 1.44.

Whirlpool (NYSE:WHR) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $2.39 earnings per share for the quarter, hitting the consensus estimate of $2.39. Whirlpool had a net margin of 2.89% and a return on equity of 27.67%. The firm had revenue of $3.99 billion during the quarter, compared to analysts’ expectations of $3.96 billion. During the same quarter in the previous year, the company posted $4.21 EPS. Whirlpool’s revenue was down 16.8% on a year-over-year basis. As a group, analysts predict that Whirlpool Co. will post 11.31 earnings per share for the current year.

Whirlpool Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, September 15th. Shareholders of record on Friday, August 30th will be given a dividend of $1.75 per share. This represents a $7.00 annualized dividend and a dividend yield of 7.17%. The ex-dividend date is Friday, August 30th. Whirlpool’s payout ratio is 96.42%.

About Whirlpool

Whirlpool Corporation manufactures and markets home appliances and related products and services in the North America, Europe, the Middle East, Africa, Latin America, and Asia. The company's principal products include refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances, and commercial laundry products and related laundry accessories; cooking and other small domestic appliances; and dishwasher appliances and related accessories, as well as mixers.