Platinum Investment Management Ltd. Has $89,000 Position in Whirlpool Co. (NYSE:WHR)

Platinum Investment Management Ltd. lessened its stake in shares of Whirlpool Co. (NYSE:WHR) by 19.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 776 shares of the company’s stock after selling 193 shares during the period. Platinum Investment Management Ltd.’s holdings in Whirlpool were worth $89,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Brown Lisle Cummings Inc. acquired a new position in shares of Whirlpool during the 4th quarter valued at $27,000. SBI Securities Co. Ltd. bought a new stake in Whirlpool during the 4th quarter valued at $30,000. GAMMA Investing LLC increased its stake in Whirlpool by 323.1% during the 4th quarter. GAMMA Investing LLC now owns 275 shares of the company’s stock valued at $31,000 after purchasing an additional 210 shares in the last quarter. Bogart Wealth LLC increased its stake in Whirlpool by 113.6% during the 4th quarter. Bogart Wealth LLC now owns 282 shares of the company’s stock valued at $32,000 after purchasing an additional 150 shares in the last quarter. Finally, Legend Financial Advisors Inc. bought a new stake in Whirlpool during the 4th quarter valued at $34,000. Institutional investors and hedge funds own 90.78% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on WHR. StockNews.com upgraded shares of Whirlpool from a “sell” rating to a “hold” rating in a research note on Tuesday, January 21st. The Goldman Sachs Group boosted their price target on shares of Whirlpool from $125.00 to $138.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $106.00.

Whirlpool Stock Performance

NYSE WHR opened at $93.20 on Wednesday. Whirlpool Co. has a 1 year low of $84.18 and a 1 year high of $135.49. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.72 and a quick ratio of 0.44. The firm has a market cap of $5.16 billion, a price-to-earnings ratio of -15.90 and a beta of 1.44. The company has a fifty day moving average price of $108.29 and a 200-day moving average price of $108.38.

Whirlpool (NYSE:WHR) last posted its earnings results on Wednesday, January 29th. The company reported $4.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.26 by $0.31. Whirlpool had a negative net margin of 1.95% and a positive return on equity of 21.89%. During the same period last year, the business posted $3.85 earnings per share. As a group, equities research analysts predict that Whirlpool Co. will post 9.52 EPS for the current fiscal year.

Whirlpool Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Friday, February 28th were given a dividend of $1.75 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $7.00 annualized dividend and a yield of 7.51%. Whirlpool’s payout ratio is currently -119.45%.

Whirlpool Company 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.