MADDEN SECURITIES Corp Purchases 3,595 Shares of Whirlpool Co. (NYSE:WHR)

MADDEN SECURITIES Corp grew its holdings in Whirlpool Co. (NYSE:WHR - Free Report) by 44.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,665 shares of the company's stock after purchasing an additional 3,595 shares during the quarter. MADDEN SECURITIES Corp's holdings in Whirlpool were worth $1,051,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in WHR. Private Advisor Group LLC raised its stake in Whirlpool by 99.0% during the 4th 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 increased its holdings in shares of 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 purchasing an additional 223,232 shares during the period. Delta Financial Group Inc. acquired a new position in shares of Whirlpool during the fourth quarter valued at about $343,000. Steward Partners Investment Advisory LLC lifted its stake in shares of Whirlpool by 1,188.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 4,805 shares of the company's stock valued at $550,000 after buying an additional 4,432 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Whirlpool by 4.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,118,013 shares of the company's stock worth $242,470,000 after buying an additional 98,444 shares in the last quarter. 90.78% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Whirlpool Price Performance

Shares of WHR stock traded up $3.43 during trading hours on Tuesday, hitting $88.01. The company had a trading volume of 1,301,447 shares, compared to its average volume of 1,038,705. Whirlpool Co. has a 12 month low of $73.72 and a 12 month high of $135.49. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.44 and a current ratio of 0.72. The firm's fifty day moving average is $79.94 and its 200 day moving average is $98.85. The firm has a market capitalization of $4.89 billion, a price-to-earnings ratio of -15.02 and a beta of 1.18.

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

Whirlpool Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 15th. Stockholders of record on Friday, May 16th will be given a dividend of $1.75 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $7.00 annualized dividend and a dividend yield of 7.95%. Whirlpool's payout ratio is currently 5,000.00%.

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.