Whirlpool Co. (NYSE:WHR) Shares Sold by Burney Co.

Burney Co. trimmed its position in Whirlpool Co. (NYSE:WHR) by 9.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,328 shares of the company’s stock after selling 795 shares during the quarter. Burney Co.’s holdings in Whirlpool were worth $839,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of WHR. Envestnet Asset Management Inc. raised its stake in Whirlpool by 5.4% in the second quarter. Envestnet Asset Management Inc. now owns 69,786 shares of the company’s stock valued at $7,132,000 after buying an additional 3,584 shares in the last quarter. Brown Brothers Harriman & Co. increased its holdings in shares of Whirlpool by 161.6% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 1,656 shares of the company’s stock valued at $169,000 after acquiring an additional 1,023 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Whirlpool by 46.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 981,472 shares of the company’s stock worth $100,304,000 after acquiring an additional 312,729 shares in the last quarter. Moors & Cabot Inc. lifted its stake in Whirlpool by 72.5% during the second quarter. Moors & Cabot Inc. now owns 6,829 shares of the company’s stock worth $698,000 after purchasing an additional 2,870 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its holdings in Whirlpool by 16.0% in the second quarter. Hsbc Holdings PLC now owns 10,756 shares of the company’s stock valued at $1,099,000 after purchasing an additional 1,487 shares in the last quarter. 90.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on WHR. JPMorgan Chase & Co. boosted their price objective on shares of Whirlpool from $103.00 to $109.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. 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 report on Tuesday. Royal Bank of Canada dropped 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. Bank of America boosted their target price on Whirlpool from $101.00 to $103.00 and gave the company an “underperform” rating in a report on Friday, October 25th. Finally, StockNews.com downgraded Whirlpool from a “hold” rating to a “sell” rating in a research note on Monday. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $112.80.

Insider Buying and Selling

In related news, CFO James W. Peters sold 6,000 shares of the stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $104.48, for a total transaction of $626,880.00. Following the completion of the transaction, the chief financial officer now directly owns 41,570 shares of the company’s stock, 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 SEC, which is available at this link. Corporate insiders own 2.05% of the company’s stock.

Whirlpool Price Performance

Shares of NYSE:WHR opened at $128.88 on Friday. Whirlpool Co. has a one year low of $84.18 and a one year high of $130.39. The stock has a market capitalization of $7.11 billion, a price-to-earnings ratio of 12.71 and a beta of 1.44. The company has a 50-day simple moving average of $115.66 and a 200-day simple moving average of $106.59. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.55 and a current ratio of 0.94.

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

About Whirlpool

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.