Whirlpool Co. (NYSE:WHR) Stake Raised by Gilman Hill Asset Management LLC

Gilman Hill Asset Management LLC grew its position in Whirlpool Co. (NYSE:WHR - Free Report) by 5.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 81,321 shares of the company's stock after buying an additional 4,264 shares during the quarter. Whirlpool accounts for approximately 1.3% of Gilman Hill Asset Management LLC's holdings, making the stock its 23rd biggest holding. Gilman Hill Asset Management LLC owned 0.15% of Whirlpool worth $7,329,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Brown Lisle Cummings Inc. acquired a new position in shares of Whirlpool during the 4th quarter valued at about $27,000. SBI Securities Co. Ltd. acquired a new position in Whirlpool in the 4th quarter worth $30,000. Nemes Rush Group LLC increased its position in shares of Whirlpool by 79.1% during the fourth quarter. Nemes Rush Group LLC now owns 274 shares of the company's stock worth $31,000 after acquiring an additional 121 shares during the last quarter. Bogart Wealth LLC boosted its holdings in Whirlpool by 113.6% in the fourth quarter. Bogart Wealth LLC now owns 282 shares of the company's stock valued at $32,000 after purchasing an additional 150 shares during the last quarter. Finally, TD Waterhouse Canada Inc. grew its stake in Whirlpool by 120.7% during the 4th quarter. TD Waterhouse Canada Inc. now owns 320 shares of the company's stock valued at $37,000 after purchasing an additional 175 shares in the last quarter. 90.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on WHR shares. JPMorgan Chase & Co. reduced their target price on Whirlpool from $109.00 to $89.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. Wall Street Zen cut shares of Whirlpool from a "hold" rating to a "sell" rating in a research report on Friday, April 25th. Royal Bank of Canada lowered their price objective on Whirlpool from $81.00 to $65.00 and set an "underperform" rating for the company in a report on Friday, April 25th. Finally, Bank of America reduced their target price on Whirlpool from $107.00 to $67.00 in a report on Monday, April 21st. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $105.75.

Whirlpool Stock Performance

Shares of Whirlpool stock traded up $1.18 during trading hours on Friday, reaching $83.25. The company's stock had a trading volume of 1,084,119 shares, compared to its average volume of 1,030,910. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.44 and a current ratio of 0.72. Whirlpool Co. has a one year low of $73.72 and a one year high of $135.49. The company's 50 day simple moving average is $80.22 and its 200 day simple moving average is $99.39. The stock has a market cap of $4.63 billion, a P/E ratio of -14.21 and a beta of 1.18.

Whirlpool (NYSE:WHR - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $1.70 EPS for the quarter, beating analysts' consensus estimates of $1.67 by $0.03. The company had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.67 billion. Whirlpool had a positive return on equity of 21.89% and a negative net margin of 1.95%. Whirlpool's quarterly revenue was down 19.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.78 earnings per share. As a group, analysts expect that Whirlpool Co. will post 9.52 EPS for the current fiscal year.

Whirlpool Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 15th. Shareholders of record on Friday, May 16th will be given a $1.75 dividend. This represents a $7.00 annualized dividend and a yield of 8.41%. The ex-dividend date is Friday, May 16th. Whirlpool's dividend payout ratio is presently 5,000.00%.

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.