Evergreen Capital Management LLC Boosts Stock Position in Whirlpool Co. (NYSE:WHR)

Evergreen Capital Management LLC raised its position in shares of Whirlpool Co. (NYSE:WHR) by 5.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 48,882 shares of the company’s stock after buying an additional 2,621 shares during the quarter. Evergreen Capital Management LLC’s holdings in Whirlpool were worth $5,596,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Private Advisor Group LLC raised its stake in shares of Whirlpool by 99.0% during the 4th quarter. Private Advisor Group LLC now owns 10,709 shares of the company’s stock worth $1,226,000 after acquiring an additional 5,328 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Whirlpool by 54.0% during the fourth quarter. Bank of New York Mellon Corp now owns 636,937 shares of the company’s stock worth $72,917,000 after purchasing an additional 223,232 shares in the last quarter. Delta Financial Group Inc. purchased a new stake in shares of Whirlpool during the 4th quarter valued at $343,000. First Dallas Securities Inc. boosted its position in shares of Whirlpool by 99.4% in the 4th quarter. First Dallas Securities Inc. now owns 8,125 shares of the company’s stock worth $930,000 after purchasing an additional 4,050 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its stake in Whirlpool by 1,188.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,805 shares of the company’s stock worth $550,000 after buying an additional 4,432 shares during the last quarter. 90.78% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on WHR shares. The Goldman Sachs Group raised their price target on Whirlpool from $125.00 to $138.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. StockNews.com upgraded shares of Whirlpool from a “sell” rating to a “hold” rating in a research note on Tuesday, January 21st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $106.00.

Whirlpool Stock Down 2.7 %

Shares of WHR stock opened at $77.28 on Thursday. Whirlpool Co. has a fifty-two week low of $75.04 and a fifty-two week high of $135.49. The firm has a market capitalization of $4.28 billion, a PE ratio of -13.19 and a beta of 1.31. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.44 and a current ratio of 0.72. The stock’s 50-day simple moving average is $93.18 and its 200-day simple moving average is $106.10.

Whirlpool (NYSE:WHR) last issued its quarterly earnings results on Wednesday, January 29th. The company reported $4.57 earnings per share for the quarter, topping the consensus estimate of $4.26 by $0.31. Whirlpool had a negative net margin of 1.95% and a positive return on equity of 21.89%. During the same period in the prior year, the firm posted $3.85 EPS. Equities analysts expect that Whirlpool Co. will post 9.52 earnings per share for the current year.

Whirlpool Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 15th. Investors of record on Friday, May 16th will be given a dividend of $1.75 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $7.00 dividend on an annualized basis and a yield of 9.06%. Whirlpool’s dividend payout ratio is presently -119.45%.

Whirlpool Company Profile

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.