Whirlpool Co. (NYSE:WHR) Shares Purchased by Invesco Ltd.

Invesco Ltd. grew its holdings in shares of Whirlpool Co. (NYSE:WHR) by 1.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 214,704 shares of the company’s stock after buying an additional 3,930 shares during the period. Invesco Ltd. owned 0.39% of Whirlpool worth $24,579,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the business. Private Advisor Group LLC increased its stake in Whirlpool by 99.0% in the fourth quarter. Private Advisor Group LLC now owns 10,709 shares of the company’s stock valued at $1,226,000 after purchasing an additional 5,328 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Whirlpool by 54.0% during the 4th quarter. Bank of New York Mellon Corp now owns 636,937 shares of the company’s stock worth $72,917,000 after acquiring an additional 223,232 shares in the last quarter. Delta Financial Group Inc. purchased a new stake in Whirlpool in the fourth quarter valued at $343,000. First Dallas Securities Inc. boosted its stake in Whirlpool by 99.4% in the fourth quarter. First Dallas Securities Inc. now owns 8,125 shares of the company’s stock valued at $930,000 after acquiring an additional 4,050 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC grew its holdings in shares of Whirlpool by 1,188.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,805 shares of the company’s stock worth $550,000 after purchasing an additional 4,432 shares during 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 commented on the company. The Goldman Sachs Group lifted their price target on Whirlpool from $125.00 to $138.00 and gave the stock a “buy” rating in a research 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 equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $106.00.

Whirlpool Stock Performance

NYSE:WHR opened at $78.68 on Friday. The firm has a market cap of $4.36 billion, a price-to-earnings ratio of -13.43 and a beta of 1.31. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.72 and a quick ratio of 0.44. Whirlpool Co. has a 1-year low of $75.04 and a 1-year high of $135.49. The firm’s fifty day moving average price is $92.33 and its 200 day moving average price is $105.71.

Whirlpool (NYSE:WHR) last issued its quarterly earnings results on Wednesday, January 29th. The company reported $4.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 quarter last year, the business earned $3.85 EPS. On average, sell-side analysts expect that Whirlpool Co. will post 9.52 EPS for the current year.

Whirlpool Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 15th. Stockholders of record on Friday, May 16th will be issued a $1.75 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $7.00 annualized dividend and a dividend yield of 8.90%. Whirlpool’s dividend payout ratio is currently -119.45%.

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.