Pinebridge Investments L.P. Raises Stock Holdings in Whirlpool Co. (NYSE:WHR)

Pinebridge Investments L.P. increased its position in shares of Whirlpool Co. (NYSE:WHR - Free Report) by 38.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,681 shares of the company's stock after acquiring an additional 7,102 shares during the quarter. Pinebridge Investments L.P.'s holdings in Whirlpool were worth $2,940,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Private Advisor Group LLC boosted its stake in Whirlpool by 99.0% in the 4th quarter. Private Advisor Group LLC now owns 10,709 shares of the company's stock worth $1,226,000 after purchasing an additional 5,328 shares during the period. Bank of New York Mellon Corp increased its position in shares of Whirlpool by 54.0% in the fourth quarter. Bank of New York Mellon Corp now owns 636,937 shares of the company's stock valued at $72,917,000 after acquiring an additional 223,232 shares during the last quarter. Delta Financial Group Inc. bought a new stake in Whirlpool during the fourth quarter worth about $343,000. First Dallas Securities Inc. boosted its position in Whirlpool by 99.4% during the fourth quarter. First Dallas Securities Inc. now owns 8,125 shares of the company's stock valued at $930,000 after purchasing an additional 4,050 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC grew its stake in 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 purchasing an additional 4,432 shares in the last quarter. Institutional investors and hedge funds own 90.78% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on WHR shares. JPMorgan Chase & Co. dropped their target price on shares of Whirlpool from $109.00 to $89.00 and set a "neutral" rating on the stock in a report on Monday. The Goldman Sachs Group raised their price objective on Whirlpool from $125.00 to $138.00 and gave the company a "buy" rating in a research report on Tuesday, January 14th. Finally, StockNews.com cut Whirlpool from a "hold" rating to a "sell" rating in a research note on Friday, April 25th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Whirlpool has an average rating of "Hold" and a consensus target price of $101.00.

Whirlpool Trading Up 3.2 %

Whirlpool stock traded up $2.42 during trading hours on Friday, reaching $78.13. 580,617 shares of the company's stock were exchanged, compared to its average volume of 1,051,878. The firm has a market capitalization of $4.34 billion, a PE ratio of -13.33 and a beta of 1.31. Whirlpool Co. has a twelve month low of $73.72 and a twelve month high of $135.49. The firm's 50 day simple moving average is $87.58 and its 200 day simple moving average is $104.03. The company has a quick ratio of 0.44, a current ratio of 0.72 and a debt-to-equity ratio of 1.62.

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

Whirlpool Announces Dividend

The firm 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 dividend of $1.75 per share. The ex-dividend date is Friday, May 16th. This represents a $7.00 dividend on an annualized basis and a yield of 8.96%. Whirlpool's dividend payout ratio (DPR) is currently 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.