Whirlpool Corporation (NYSE:WHR) Is Largely Controlled by Institutional Shareholders Who Own 84% of the Company
Whirlpool Corporation (NYSE:WHR) Is Largely Controlled by Institutional Shareholders Who Own 84% of the Company
Key Insights
主要见解
- Given the large stake in the stock by institutions, Whirlpool's stock price might be vulnerable to their trading decisions
- 50% of the business is held by the top 11 shareholders
- Insiders have been selling lately
- 考虑到机构在股票中的大量持股,惠而浦的股价可能会受到他们交易决策的影响。
- 前11名股东持有公司50%的股份。
- 内部人员最近一直在卖出。
Every investor in Whirlpool Corporation (NYSE:WHR) should be aware of the most powerful shareholder groups. And the group that holds the biggest piece of the pie are institutions with 84% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company.
每位惠而浦公司(纽交所:WHR)的投资者都应该意识到最强大的股东群体。而持有最大份额的群体是拥有84%股份的机构。换句话说,这个群体在对公司的投资中有可能获得最大收益(或遭受最大损失)。
Given the vast amount of money and research capacities at their disposal, institutional ownership tends to carry a lot of weight, especially with individual investors. As a result, a sizeable amount of institutional money invested in a firm is generally viewed as a positive attribute.
由于机构拥有大量的资金和研究能力,因此机构所有权往往具有相当的分量,特别是对于个人投资者。因此,机构在一家企业中投资的规模可视为该企业的一项重要资产。
Let's take a closer look to see what the different types of shareholders can tell us about Whirlpool.
让我们仔细看看不同类型的股东可以告诉我们关于惠而浦的什么。
What Does The Institutional Ownership Tell Us About Whirlpool?
机构持有对惠而浦的影响有哪些?
Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing.
机构通常在向自己的投资者报告时会针对一个基准进行衡量,因此一旦某只股票被纳入主要指数,他们通常会更加热衷于该股票。我们预计大多数公司都会有一些机构在登记簿上,尤其是那些正在增长的公司。
Whirlpool already has institutions on the share registry. Indeed, they own a respectable stake in the company. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at Whirlpool's earnings history below. Of course, the future is what really matters.
惠而浦的股东名册上已经有机构。事实上,他们在公司的股份相当可观。这表明在专业投资者中有一定的可信度。但我们不能仅仅依赖这一点,因为机构有时也会做出错误的投资,就像其他人一样。如果多个机构同时改变对某只股票的看法,您可能会看到股价快速下跌。因此,值得关注一下惠而浦的盈利历史。 当然,未来才是真正重要的。
Since institutional investors own more than half the issued stock, the board will likely have to pay attention to their preferences. Hedge funds don't have many shares in Whirlpool. BlackRock, Inc. is currently the company's largest shareholder with 12% of shares outstanding. The Vanguard Group, Inc. is the second largest shareholder owning 10.0% of common stock, and PRIMECAP Management Company holds about 8.8% of the company stock.
由于机构投资者持有超过一半的已发行股票,董事会可能需要关注他们的偏好。对冲基金在惠而浦的股份不多。黑岩公司目前是公司的最大股东,持有12%的流通股。先锋集团是第二大股东,拥有10.0%的普通股,而PRIMECAP管理公司持有约8.8%的公司股票。
After doing some more digging, we found that the top 11 have the combined ownership of 50% in the company, suggesting that no single shareholder has significant control over the company.
在深入挖掘后,我们发现前11名股东在该公司拥有50%的股份,这意味着没有单一的股东对公司拥有显著的控制权。
Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future.
研究机构所有权是衡量和过滤股票预期表现的好方法。通过研究分析师的情绪也可以实现同样的目的。由于有相当数量的分析师涵盖这支股票,因此了解他们对未来的整体看法可能会有所帮助。
Insider Ownership Of Whirlpool
惠而浦的内部持股
The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO.
在不同国家,内部人员的定义可能会略有不同,但董事会成员始终是内部人员。管理层最终向董事会负责。然而,如果管理人员是创始人或CEO,那么成为执行董事会成员也是很常见的。
Most consider insider ownership a positive because it can indicate the board is well aligned with other shareholders. However, on some occasions too much power is concentrated within this group.
大多数人认为内部所有权是积极的,因为它可以表示董事会与其他股东的利益相一致。但是,在某些场合下,这个团体的权力过于集中。
Our most recent data indicates that insiders own less than 1% of Whirlpool Corporation. It's a big company, so even a small proportional interest can create alignment between the board and shareholders. In this case insiders own US$49m worth of shares. It is good to see board members owning shares, but it might be worth checking if those insiders have been buying.
我们最近的数据表明,内部人士持有惠而浦公司的股份少于1%。这是一家大公司,因此即使是小比例的利益也能在董事会与股东之间产生一致性。在这种情况下,内部人士持有价值4900万美元的股票。看到董事会成员持有股票是好事,但值得检查一下这些内部人士是否一直在买入。
General Public Ownership
一般大众所有权
The general public, who are usually individual investors, hold a 13% stake in Whirlpool. While this group can't necessarily call the shots, it can certainly have a real influence on how the company is run.
公众通常是个体投资者,持有惠而浦公司13%的股份。虽然这一群体不一定能够决定大局,但他们肯定会对公司的运行产生实际影响。
Next Steps:
下一步:
While it is well worth considering the different groups that own a company, there are other factors that are even more important. To that end, you should learn about the 3 warning signs we've spotted with Whirlpool (including 1 which doesn't sit too well with us) .
虽然考虑拥有一家公司的不同群体是非常重要的,但还有其他因素更为关键。为此,您应该了解我们发现的惠而浦的三个警告信号(包括一个让我们感到不太舒服的信号)。
Ultimately the future is most important. You can access this free report on analyst forecasts for the company.
最终,未来最重要。您可以在这份关于该公司分析师预测的免费报告中获取有关信息。
NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.
注:本文中的数据是使用最后一个财务报表日期结束的为期12个月的数据计算的。这可能与全年年度报告数据不一致。
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