Invesco LLC Has $312,000 Stake in Whirlpool Co. (NYSE:WHR)

Invesco LLC lessened its stake in shares of Whirlpool Co. (NYSE:WHR) by 9.3% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,051 shares of the company’s stock after selling 312 shares during the period. Invesco LLC’s holdings in Whirlpool were worth $312,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. FIFTHDELTA Ltd bought a new position in shares of Whirlpool during the 1st quarter worth about $50,986,000. Norges Bank acquired a new stake in Whirlpool in the fourth quarter valued at approximately $31,503,000. Trexquant Investment LP acquired a new stake in Whirlpool in the fourth quarter valued at approximately $17,810,000. Principal Financial Group Inc. increased its holdings in shares of Whirlpool by 235.2% during the first quarter. Principal Financial Group Inc. now owns 206,939 shares of the company’s stock valued at $24,756,000 after acquiring an additional 145,198 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted 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 purchasing an additional 135,740 shares in the last quarter. 90.78% of the stock is owned by institutional investors.

Whirlpool Price Performance

Shares of NYSE:WHR opened at $97.11 on Tuesday. The company has a current ratio of 0.96, a quick ratio of 0.58 and a debt-to-equity ratio of 1.88. The stock has a market cap of $5.33 billion, a PE ratio of 13.38 and a beta of 1.44. The stock’s fifty day simple moving average is $100.24 and its two-hundred day simple moving average is $100.50. Whirlpool Co. has a 1-year low of $84.18 and a 1-year high of $138.90.

Whirlpool (NYSE:WHR) last released its quarterly earnings results on Wednesday, July 24th. The company reported $2.39 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.39. Whirlpool had a net margin of 2.89% and a return on equity of 27.67%. The company had revenue of $3.99 billion for the quarter, compared to analyst estimates of $3.96 billion. During the same period last year, the firm earned $4.21 earnings per share. The firm’s revenue was down 16.8% on a year-over-year basis. As a group, analysts forecast that Whirlpool Co. will post 11.31 EPS for the current fiscal year.

Whirlpool Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, September 15th. Investors of record on Friday, August 30th will be given a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a dividend yield of 7.21%. The ex-dividend date of this dividend is Friday, August 30th. Whirlpool’s payout ratio is 96.42%.

Wall Street Analyst Weigh In

WHR has been the subject of a number of recent research reports. Bank of America initiated coverage on shares of Whirlpool in a research note on Tuesday, July 30th. They set an “underperform” rating and a $88.00 price target for the company. Royal Bank of Canada lowered their target price on shares of Whirlpool from $79.00 to $76.00 and set an “underperform” rating on the stock in a report on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $103.75.

Insider Buying and Selling

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 stock was sold at an average price of $100.00, for a total value of $326,600.00. Following the completion of the transaction, 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 can be accessed through the SEC website. 2.05% of the stock is currently owned by corporate insiders.

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.