Edmp Inc. Purchases 5,036 Shares of Whirlpool Corporation (NYSE:WHR)

Edmp Inc. raised its stake in shares of Whirlpool Corporation (NYSE:WHR - Free Report) by 30.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,548 shares of the company's stock after purchasing an additional 5,036 shares during the period. Whirlpool accounts for approximately 1.6% of Edmp Inc.'s holdings, making the stock its 23rd biggest position. Edmp Inc.'s holdings in Whirlpool were worth $1,942,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in WHR. Allworth Financial LP grew its stake in shares of Whirlpool by 17.3% in the 4th quarter. Allworth Financial LP now owns 664 shares of the company's stock worth $76,000 after buying an additional 98 shares in the last quarter. Sanctuary Advisors LLC lifted its holdings in shares of Whirlpool by 4.2% in the 4th quarter. Sanctuary Advisors LLC now owns 8,306 shares of the company's stock valued at $900,000 after acquiring an additional 331 shares during the last quarter. Private Advisor Group LLC grew its position in Whirlpool by 99.0% in the fourth 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. Ieq Capital LLC grew its position in Whirlpool by 85.1% in the fourth quarter. Ieq Capital LLC now owns 7,587 shares of the company's stock worth $869,000 after acquiring an additional 3,488 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in 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 acquiring an additional 223,232 shares during the last quarter. Hedge funds and other institutional investors own 90.78% of the company's stock.

Whirlpool Trading Down 0.9%

Whirlpool stock traded down $0.90 during mid-day trading on Wednesday, hitting $94.22. The company's stock had a trading volume of 713,381 shares, compared to its average volume of 1,038,053. Whirlpool Corporation has a one year low of $73.72 and a one year high of $135.49. The stock has a market cap of $5.24 billion, a PE ratio of 672.98 and a beta of 1.18. The company has a 50 day moving average of $81.97 and a 200-day moving average of $97.37. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.40 and a current ratio of 0.72.

Whirlpool (NYSE:WHR - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $1.70 EPS for the quarter, topping the consensus estimate of $1.67 by $0.03. Whirlpool had a net margin of 0.04% and a return on equity of 21.38%. The company had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.67 billion. During the same quarter last year, the firm posted $1.78 EPS. The firm's revenue was down 19.4% compared to the same quarter last year. On average, research analysts anticipate that Whirlpool Corporation will post 9.52 EPS for the current year.

Whirlpool Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, June 15th. Investors of record on Friday, May 16th were paid a $1.75 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $7.00 annualized dividend and a yield of 7.43%. Whirlpool's dividend payout ratio (DPR) is currently 5,000.00%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on WHR shares. JPMorgan Chase & Co. dropped their target price on Whirlpool from $109.00 to $89.00 and set a "neutral" rating for the company in a report on Monday, April 28th. Bank of America raised shares of Whirlpool from an "underperform" rating to a "neutral" rating and lifted their price objective for the stock from $68.00 to $94.00 in a research note on Friday, June 13th. Royal Bank Of Canada cut their price objective on shares of Whirlpool from $81.00 to $65.00 and set an "underperform" rating on the stock in a research report on Friday, April 25th. Finally, Wall Street Zen upgraded shares of Whirlpool from a "sell" rating to a "hold" rating in a report on Sunday. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $99.25.

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.