Palouse Capital Management Inc. Cuts Stock Holdings in Whirlpool Co. (NYSE:WHR)

Palouse Capital Management Inc. cut its holdings in shares of Whirlpool Co. (NYSE:WHR) by 3.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,664 shares of the company’s stock after selling 221 shares during the period. Palouse Capital Management Inc.’s holdings in Whirlpool were worth $681,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of WHR. Hsbc Holdings PLC raised its position in shares of Whirlpool by 16.0% in the 2nd quarter. Hsbc Holdings PLC now owns 10,756 shares of the company’s stock worth $1,099,000 after acquiring an additional 1,487 shares in the last quarter. Waterloo Capital L.P. raised its holdings in Whirlpool by 8.8% in the second quarter. Waterloo Capital L.P. now owns 20,887 shares of the company’s stock worth $2,135,000 after purchasing an additional 1,683 shares in the last quarter. Primecap Management Co. CA lifted its position in shares of Whirlpool by 1.8% during the second quarter. Primecap Management Co. CA now owns 4,858,250 shares of the company’s stock valued at $496,513,000 after buying an additional 84,574 shares during the last quarter. Moors & Cabot Inc. boosted its holdings in shares of Whirlpool by 72.5% in the 2nd quarter. Moors & Cabot Inc. now owns 6,829 shares of the company’s stock valued at $698,000 after buying an additional 2,870 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Whirlpool by 46.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 981,472 shares of the company’s stock worth $100,304,000 after buying an additional 312,729 shares during the last quarter. Institutional investors own 90.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on WHR. Bank of America began coverage on shares of Whirlpool in a research report on Tuesday, July 30th. They set an “underperform” rating and a $88.00 target price for the company. Royal Bank of Canada decreased their price target on Whirlpool from $79.00 to $76.00 and set an “underperform” rating for the company in a research note on Friday, July 26th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $103.75.

Insider Buying and Selling

In other Whirlpool news, EVP Juan Carlos Puente sold 3,266 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $100.00, for a total value of $326,600.00. Following the sale, the executive vice president now directly owns 19,070 shares of the company’s stock, valued at $1,907,000. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.05% of the stock is currently owned by corporate insiders.

Whirlpool Trading Down 0.9 %

NYSE:WHR opened at $100.88 on Thursday. The company has a current ratio of 0.96, a quick ratio of 0.58 and a debt-to-equity ratio of 1.88. The firm has a fifty day simple moving average of $99.73 and a 200-day simple moving average of $100.07. Whirlpool Co. has a 12 month low of $84.18 and a 12 month high of $138.90. The company has a market capitalization of $5.54 billion, a P/E ratio of 13.90 and a beta of 1.44.

Whirlpool (NYSE:WHR) last released its earnings results on Wednesday, July 24th. The company reported $2.39 EPS for the quarter, hitting analysts’ consensus estimates of $2.39. Whirlpool had a return on equity of 27.67% and a net margin of 2.89%. The firm had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $3.96 billion. During the same quarter in the previous year, the company posted $4.21 earnings per share. The company’s revenue was down 16.8% compared to the same quarter last year. On average, equities research analysts anticipate that Whirlpool Co. will post 11.31 earnings per share for the current year.

Whirlpool Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, September 15th. Stockholders of record on Friday, August 30th were paid a $1.75 dividend. The ex-dividend date was Friday, August 30th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 6.94%. Whirlpool’s payout ratio is currently 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.