Whirlpool Co. (NYSE:WHR) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama lessened its holdings in Whirlpool Co. (NYSE:WHR) by 1.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 66,683 shares of the company’s stock after selling 751 shares during the quarter. Retirement Systems of Alabama’s holdings in Whirlpool were worth $7,135,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. SouthState Corp purchased a new position in shares of Whirlpool during the 2nd quarter valued at about $28,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Whirlpool during the 2nd quarter worth approximately $32,000. Altshuler Shaham Ltd acquired a new position in shares of Whirlpool in the 2nd quarter valued at $32,000. True Wealth Design LLC grew its position in Whirlpool by 545.5% during the third quarter. True Wealth Design LLC now owns 355 shares of the company’s stock valued at $38,000 after buying an additional 300 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Whirlpool by 1,010.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 422 shares of the company’s stock worth $43,000 after acquiring an additional 384 shares in the last quarter. 90.78% of the stock is currently owned by institutional investors and hedge funds.

Whirlpool Stock Down 1.0 %

Shares of NYSE:WHR opened at $120.29 on Wednesday. Whirlpool Co. has a 52-week low of $84.18 and a 52-week high of $126.30. The stock has a market cap of $6.63 billion, a P/E ratio of 11.86 and a beta of 1.46. The business has a fifty day moving average of $110.20 and a two-hundred day moving average of $102.88. The company has a quick ratio of 0.55, a current ratio of 0.94 and a debt-to-equity ratio of 1.94.

Whirlpool (NYSE:WHR) last issued its earnings results on Wednesday, October 23rd. The company reported $3.43 EPS for the quarter, topping analysts’ consensus estimates of $2.99 by $0.44. Whirlpool had a net margin of 3.19% and a return on equity of 21.41%. The company had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same period in the previous year, the firm earned $5.45 earnings per share. Whirlpool’s quarterly revenue was down 18.9% compared to the same quarter last year. On average, research analysts expect that Whirlpool Co. will post 12.27 earnings per share for the current year.

Whirlpool Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Sunday, December 15th. Shareholders of record on Friday, November 15th were paid a dividend of $1.75 per share. This represents a $7.00 annualized dividend and a yield of 5.82%. The ex-dividend date was Friday, November 15th. Whirlpool’s dividend payout ratio (DPR) is presently 69.03%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on WHR shares. JPMorgan Chase & Co. upped their target price on Whirlpool from $103.00 to $109.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. Royal Bank of Canada lowered their price objective on Whirlpool from $76.00 to $74.00 and set an “underperform” rating on the stock in a report on Friday, October 25th. Finally, Bank of America increased their price objective on Whirlpool from $101.00 to $103.00 and gave the company an “underperform” rating in a research note on Friday, October 25th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $106.50.

Insider Buying and Selling at Whirlpool

In other Whirlpool news, CFO James W. Peters sold 6,000 shares of the company’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $104.48, for a total transaction of $626,880.00. Following the transaction, the chief financial officer now directly owns 41,570 shares in the company, valued at $4,343,233.60. This represents a 12.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.05% of the company’s stock.

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.