Candriam Luxembourg S.C.A. Reduces Position in Whirlpool Co. (WHR)

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Candriam Luxembourg S.C.A. lowered its holdings in Whirlpool Co. (NYSE:WHR) by 85.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,563 shares of the company’s stock after selling 26,126 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Whirlpool were worth $488,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Commonwealth Equity Services LLC increased its holdings in Whirlpool by 15.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 8,486 shares of the company’s stock worth $1,007,000 after purchasing an additional 1,117 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Whirlpool by 0.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 651,234 shares of the company’s stock worth $77,334,000 after purchasing an additional 1,974 shares in the last quarter. American International Group Inc. increased its holdings in Whirlpool by 36.5% during the 3rd quarter. American International Group Inc. now owns 36,951 shares of the company’s stock worth $4,388,000 after purchasing an additional 9,878 shares in the last quarter. FMR LLC grew its holdings in shares of Whirlpool by 79.9% in the third quarter. FMR LLC now owns 52,408 shares of the company’s stock valued at $6,223,000 after acquiring an additional 23,284 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale grew its holdings in shares of Whirlpool by 40.1% in the third quarter. DekaBank Deutsche Girozentrale now owns 46,787 shares of the company’s stock valued at $5,806,000 after acquiring an additional 13,397 shares in the last quarter. Hedge funds and other institutional investors own 93.37% of the company’s stock.

In related news, Director Michael F. Johnston sold 2,845 shares of the company’s stock in a transaction that occurred on Friday, February 1st. The stock was sold at an average price of $133.54, for a total value of $379,921.30. Following the transaction, the director now owns 6,550 shares in the company, valued at $874,687. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.91% of the stock is currently owned by corporate insiders.

WHR stock opened at $132.05 on Friday. The company has a market capitalization of $8.38 billion, a PE ratio of 8.71, a price-to-earnings-growth ratio of 1.85 and a beta of 1.63. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.82 and a quick ratio of 0.55. Whirlpool Co. has a 12-month low of $99.40 and a 12-month high of $167.54.

Whirlpool (NYSE:WHR) last released its earnings results on Monday, January 28th. The company reported $4.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.30 by $0.45. The company had revenue of $5.66 billion during the quarter, compared to analyst estimates of $5.76 billion. Whirlpool had a positive return on equity of 27.24% and a negative net margin of 0.87%. Whirlpool’s quarterly revenue was down .7% on a year-over-year basis. During the same period in the prior year, the company posted $4.10 earnings per share. Analysts anticipate that Whirlpool Co. will post 14.66 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $1.15 dividend. The ex-dividend date was Thursday, February 28th. This represents a $4.60 annualized dividend and a yield of 3.48%. Whirlpool’s payout ratio is 30.34%.

Several research firms have recently issued reports on WHR. Royal Bank of Canada lowered Whirlpool from a “sector perform” rating to an “underperform” rating and set a $134.60 target price for the company. in a report on Wednesday, January 30th. Buckingham Research began coverage on Whirlpool in a report on Wednesday, January 23rd. They issued a “neutral” rating and a $135.00 target price for the company. Zacks Investment Research lowered Whirlpool from a “buy” rating to a “hold” rating in a report on Saturday, January 19th. Finally, Raymond James reaffirmed a “hold” rating on shares of Whirlpool in a report on Monday, March 18th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $146.40.

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Whirlpool Profile

Whirlpool Corporation manufactures and markets home appliances and related products. It operates through four segments: North America; Europe, Middle East and Africa; Latin America; and Asia. The company's principal products include refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances and related laundry accessories; cooking appliances and other small domestic appliances; and dishwasher appliances and related accessories.

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Institutional Ownership by Quarter for Whirlpool (NYSE:WHR)

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