Zurcher Kantonalbank Zurich Cantonalbank Has $2.13 Million Holdings in Whirlpool Co. (NYSE:WHR)

Zurcher Kantonalbank Zurich Cantonalbank lessened its position in shares of Whirlpool Co. (NYSE:WHR) by 47.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 17,448 shares of the company’s stock after selling 15,724 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Whirlpool were worth $2,125,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in WHR. International Assets Investment Management LLC boosted its holdings in shares of Whirlpool by 3,554.4% during the 4th quarter. International Assets Investment Management LLC now owns 1,382,430 shares of the company’s stock worth $168,339,000 after buying an additional 1,344,601 shares in the last quarter. Boston Partners boosted its holdings in shares of Whirlpool by 59.7% during the 3rd quarter. Boston Partners now owns 2,473,047 shares of the company’s stock worth $328,804,000 after buying an additional 924,128 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Whirlpool by 38.3% during the 3rd quarter. Invesco Ltd. now owns 1,954,344 shares of the company’s stock worth $261,296,000 after buying an additional 541,219 shares in the last quarter. Stifel Financial Corp boosted its holdings in shares of Whirlpool by 689.8% during the 3rd quarter. Stifel Financial Corp now owns 454,303 shares of the company’s stock worth $60,741,000 after buying an additional 396,782 shares in the last quarter. Finally, LPL Financial LLC boosted its holdings in shares of Whirlpool by 339.6% during the 3rd quarter. LPL Financial LLC now owns 132,042 shares of the company’s stock worth $17,654,000 after buying an additional 102,008 shares in the last quarter. Institutional investors and hedge funds own 90.78% of the company’s stock.

Whirlpool Price Performance

Shares of WHR opened at $105.39 on Wednesday. The company has a quick ratio of 0.57, a current ratio of 0.89 and a debt-to-equity ratio of 2.53. The business’s fifty day moving average is $109.77 and its 200 day moving average is $113.18. Whirlpool Co. has a 12-month low of $98.40 and a 12-month high of $160.62. The stock has a market cap of $5.76 billion, a P/E ratio of 12.10 and a beta of 1.48.

Whirlpool (NYSE:WHR) last issued its quarterly earnings data on Tuesday, January 30th. The company reported $3.85 earnings per share for the quarter, beating the consensus estimate of $3.53 by $0.32. Whirlpool had a return on equity of 38.67% and a net margin of 2.47%. The business had revenue of $5.09 billion for the quarter, compared to analysts’ expectations of $4.98 billion. During the same period last year, the business earned $3.89 EPS. The business’s revenue was up 3.4% on a year-over-year basis. Sell-side analysts anticipate that Whirlpool Co. will post 13.64 earnings per share for the current fiscal year.

Whirlpool Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 15th. Shareholders of record on Friday, May 17th will be paid a dividend of $1.75 per share. This represents a $7.00 annualized dividend and a yield of 6.64%. The ex-dividend date of this dividend is Thursday, May 16th. Whirlpool’s dividend payout ratio (DPR) is presently 80.37%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. TheStreet upgraded Whirlpool from a “d+” rating to a “c+” rating in a report on Monday, January 29th. Royal Bank of Canada cut their target price on Whirlpool from $92.00 to $85.00 and set an “underperform” rating on the stock in a report on Wednesday, January 31st. JPMorgan Chase & Co. cut their target price on Whirlpool from $120.00 to $111.00 and set a “neutral” rating on the stock in a report on Friday, February 2nd. Loop Capital initiated coverage on Whirlpool in a report on Thursday, February 22nd. They issued a “buy” rating and a $140.00 target price on the stock. Finally, StockNews.com upgraded Whirlpool from a “hold” rating to a “buy” rating in a report on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $114.60.

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.