Charles Schwab Investment Management Inc. Buys 14,826 Shares of Whirlpool Co. (NYSE:WHR)

Charles Schwab Investment Management Inc. grew its stake in shares of Whirlpool Co. (NYSE:WHR - Free Report) by 1.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,425,552 shares of the company's stock after acquiring an additional 14,826 shares during the period. Charles Schwab Investment Management Inc. owned about 2.60% of Whirlpool worth $173,589,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the stock. Private Trust Co. NA grew its stake in Whirlpool by 190.7% in the 4th quarter. Private Trust Co. NA now owns 282 shares of the company's stock worth $34,000 after acquiring an additional 185 shares during the period. Sentry Investment Management LLC purchased a new stake in Whirlpool in the 3rd quarter worth approximately $39,000. NBC Securities Inc. purchased a new stake in Whirlpool in the 3rd quarter worth approximately $40,000. ORG Partners LLC purchased a new stake in Whirlpool in the 4th quarter worth approximately $37,000. Finally, Headlands Technologies LLC purchased a new stake in Whirlpool in the 3rd quarter worth approximately $52,000. 90.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on WHR. JPMorgan Chase & Co. lowered their price objective on shares of Whirlpool from $120.00 to $111.00 and set a "neutral" rating for the company in a research note on Friday, February 2nd. TheStreet raised shares of Whirlpool from a "d+" rating to a "c+" rating in a research note on Monday, January 29th. Loop Capital began coverage on shares of Whirlpool in a research note on Thursday, February 22nd. They set a "buy" rating and a $140.00 price objective for the company. Royal Bank of Canada lowered their price objective on shares of Whirlpool from $85.00 to $79.00 and set an "underperform" rating for the company in a research note on Friday, April 26th. Finally, StockNews.com lowered shares of Whirlpool from a "buy" rating to a "hold" rating in a report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $113.40.

Whirlpool Stock Down 0.1 %

WHR stock traded down $0.09 during trading on Friday, reaching $95.06. The stock had a trading volume of 886,822 shares, compared to its average volume of 1,336,684. Whirlpool Co. has a 1-year low of $91.90 and a 1-year high of $160.62. The company has a current ratio of 0.95, a quick ratio of 0.58 and a debt-to-equity ratio of 2.56. The company has a market capitalization of $5.19 billion, a P/E ratio of 13.10 and a beta of 1.52. The firm has a fifty day moving average price of $106.68 and a 200 day moving average price of $110.76.

Whirlpool (NYSE:WHR - Get Free Report) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $1.78 EPS for the quarter, topping analysts' consensus estimates of $1.61 by $0.17. Whirlpool had a net margin of 2.07% and a return on equity of 35.16%. The firm had revenue of $4.49 billion for the quarter, compared to analyst estimates of $4.42 billion. During the same quarter in the previous year, the business posted $2.66 EPS. The firm's revenue was down 3.4% compared to the same quarter last year. On average, equities analysts anticipate that Whirlpool Co. will post 12.53 earnings per share for the current year.

Whirlpool Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, June 15th. Stockholders of record on Friday, May 17th will be paid a $1.75 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 7.36%. Whirlpool's dividend payout ratio (DPR) is presently 96.42%.

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.