RWWM Inc. Acquires 16,688 Shares of Whirlpool Corporation (NYSE:WHR)

RWWM Inc. grew its holdings in Whirlpool Corporation (NYSE:WHR - Free Report) by 5.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 310,796 shares of the company's stock after acquiring an additional 16,688 shares during the period. Whirlpool accounts for approximately 2.3% of RWWM Inc.'s holdings, making the stock its 11th largest position. RWWM Inc. owned about 0.56% of Whirlpool worth $28,012,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. SBI Securities Co. Ltd. acquired a new stake in Whirlpool in the 4th quarter worth approximately $30,000. Nemes Rush Group LLC grew its stake in shares of Whirlpool by 79.1% in 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 grew its stake in shares of Whirlpool by 113.6% in the fourth quarter. Bogart Wealth LLC now owns 282 shares of the company's stock worth $32,000 after acquiring an additional 150 shares during the last quarter. TD Waterhouse Canada Inc. increased its position in Whirlpool by 120.7% during the fourth quarter. TD Waterhouse Canada Inc. now owns 320 shares of the company's stock worth $37,000 after acquiring an additional 175 shares during the period. Finally, UMB Bank n.a. raised its stake in Whirlpool by 40.4% during the 1st quarter. UMB Bank n.a. now owns 448 shares of the company's stock valued at $40,000 after purchasing an additional 129 shares during the last quarter. Institutional investors and hedge funds own 90.78% of the company's stock.

Analysts Set New Price Targets

WHR has been the topic of a number of recent research reports. JPMorgan Chase & Co. decreased their target price on Whirlpool from $109.00 to $89.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. Bank of America upgraded Whirlpool from an "underperform" rating to a "neutral" rating and boosted their target price for the stock from $68.00 to $94.00 in a research report on Friday, June 13th. Royal Bank Of Canada reduced their target price on Whirlpool from $81.00 to $65.00 and set an "underperform" rating on the stock in a report on Friday, April 25th. Finally, Wall Street Zen lowered Whirlpool from a "hold" rating to a "sell" rating in a research report on Saturday. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Whirlpool presently has an average rating of "Hold" and a consensus target price of $99.25.

Whirlpool Stock Up 0.7%

Shares of Whirlpool stock traded up $0.62 on Wednesday, reaching $91.89. 1,053,026 shares of the company were exchanged, compared to its average volume of 1,040,546. The company has a market capitalization of $5.11 billion, a price-to-earnings ratio of 656.35 and a beta of 1.18. 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 50-day moving average of $80.78 and a 200 day moving average of $97.97. Whirlpool Corporation has a one year low of $73.72 and a one year high of $135.49.

Whirlpool (NYSE:WHR - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $1.70 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts' expectations of $3.67 billion. During the same period in the prior year, the firm earned $1.78 EPS. Whirlpool's quarterly revenue was down 19.4% compared to the same quarter last year. On average, equities research analysts forecast that Whirlpool Corporation will post 9.52 earnings per share for the current year.

Whirlpool Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, June 15th. Stockholders of record on Friday, May 16th were given a $1.75 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 7.62%. Whirlpool's payout ratio is 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.