Greatmark Investment Partners Inc. Acquires 7,080 Shares of Whirlpool Corporation (NYSE:WHR)

Greatmark Investment Partners Inc. increased its holdings in Whirlpool Corporation (NYSE:WHR - Free Report) by 12.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 63,275 shares of the company's stock after purchasing an additional 7,080 shares during the quarter. Greatmark Investment Partners Inc. owned 0.11% of Whirlpool worth $5,703,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp increased its holdings in shares of Whirlpool by 190.7% in the fourth quarter. Jones Financial Companies Lllp now owns 657 shares of the company's stock worth $75,000 after buying an additional 431 shares during the period. Victory Capital Management Inc. increased its stake in Whirlpool by 3.4% in the 4th quarter. Victory Capital Management Inc. now owns 11,263 shares of the company's stock worth $1,289,000 after purchasing an additional 373 shares during the period. Atria Investments Inc increased its stake in Whirlpool by 15.9% in the 4th quarter. Atria Investments Inc now owns 5,499 shares of the company's stock worth $629,000 after purchasing an additional 756 shares during the period. Proficio Capital Partners LLC bought a new stake in Whirlpool in the fourth quarter valued at approximately $1,953,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Whirlpool by 22.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,576 shares of the company's stock valued at $1,669,000 after purchasing an additional 2,686 shares during the period. Hedge funds and other institutional investors own 90.78% of the company's stock.

Whirlpool Trading Up 0.2%

NYSE WHR traded up $0.25 during trading on Friday, hitting $108.68. The company had a trading volume of 782,301 shares, compared to its average volume of 1,005,483. The company's fifty day moving average is $89.13 and its 200-day moving average is $96.06. Whirlpool Corporation has a one year low of $73.72 and a one year high of $135.49. The company has a current ratio of 0.72, a quick ratio of 0.40 and a debt-to-equity ratio of 1.71. The company has a market cap of $6.04 billion, a price-to-earnings ratio of 776.26 and a beta of 1.25.

Whirlpool (NYSE:WHR - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $1.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $3.67 billion. During the same period in the prior year, the firm earned $1.78 earnings per share. Whirlpool's revenue was down 19.4% on a year-over-year basis. On average, sell-side analysts predict that Whirlpool Corporation will post 9.52 earnings per share for the current year.

Whirlpool Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, June 15th. Investors of record on Friday, May 16th were given a dividend of $1.75 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $7.00 annualized dividend and a dividend yield of 6.44%. Whirlpool's dividend payout ratio is presently 5,000.00%.

Wall Street Analyst Weigh In

WHR has been the topic of several analyst reports. JPMorgan Chase & Co. decreased their target price on shares of Whirlpool from $109.00 to $89.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. Royal Bank Of Canada decreased 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. Longbow Research raised shares of Whirlpool from a "neutral" rating to a "buy" rating and set a $145.00 price objective for the company in a research note on Monday, June 30th. Wall Street Zen raised Whirlpool from a "sell" rating to a "hold" rating in a research note on Sunday, June 22nd. Finally, Bank of America upgraded Whirlpool from an "underperform" rating to a "neutral" rating and boosted their price target for the company from $68.00 to $94.00 in a report on Friday, June 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $108.40.

Whirlpool 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.