Northern Trust Corp Boosts Stock Holdings in Whirlpool Co. (NYSE:WHR)

Northern Trust Corp lifted its holdings in shares of Whirlpool Co. (NYSE:WHR - Free Report) by 26.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 512,732 shares of the company's stock after purchasing an additional 106,259 shares during the period. Northern Trust Corp owned 0.93% of Whirlpool worth $58,698,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brown Lisle Cummings Inc. bought a new position in Whirlpool during the fourth quarter worth $27,000. SBI Securities Co. Ltd. acquired a new position in shares of Whirlpool during the fourth quarter valued at about $30,000. Nemes Rush Group LLC boosted its position in shares of Whirlpool by 79.1% during the 4th quarter. Nemes Rush Group LLC now owns 274 shares of the company's stock worth $31,000 after purchasing an additional 121 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Whirlpool by 323.1% in the 4th quarter. GAMMA Investing LLC now owns 275 shares of the company's stock valued at $31,000 after buying an additional 210 shares during the period. Finally, Bogart Wealth LLC increased its position in Whirlpool by 113.6% in the 4th quarter. Bogart Wealth LLC now owns 282 shares of the company's stock valued at $32,000 after buying an additional 150 shares in the last quarter. Institutional investors own 90.78% of the company's stock.

Whirlpool Stock Up 4.5%

NYSE WHR traded up $3.60 on Monday, reaching $83.63. The company had a trading volume of 383,706 shares, compared to its average volume of 1,053,486. The company has a quick ratio of 0.44, a current ratio of 0.72 and a debt-to-equity ratio of 1.62. The stock has a market capitalization of $4.65 billion, a P/E ratio of -14.24 and a beta of 1.20. The company's fifty day moving average is $84.89 and its 200 day moving average is $102.91. Whirlpool Co. has a 52-week low of $73.72 and a 52-week high of $135.49.

Whirlpool (NYSE:WHR - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The company reported $1.70 EPS for the quarter, beating the consensus estimate 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 negative net margin of 1.95% and a positive return on equity of 21.89%. The firm's revenue for the quarter was down 19.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.78 earnings per share. Sell-side analysts anticipate that Whirlpool Co. will post 9.52 earnings per share for the current fiscal year.

Whirlpool Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 15th. Investors of record on Friday, May 16th will be issued a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a dividend yield of 8.37%. The ex-dividend date of this dividend is Friday, May 16th. Whirlpool's dividend payout ratio (DPR) is currently 5,000.00%.

Analysts Set New Price Targets

Several research analysts have issued reports on WHR shares. The Goldman Sachs Group increased their price target on Whirlpool from $125.00 to $138.00 and gave the stock a "buy" rating in a report on Tuesday, January 14th. JPMorgan Chase & Co. reduced their price target on shares of Whirlpool from $109.00 to $89.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. Finally, StockNews.com lowered shares of Whirlpool from a "hold" rating to a "sell" rating in a research note on Friday, April 25th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $101.00.

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.