Whirlpool Co. (NYSE:WHR) Shares Sold by Palouse Capital Management Inc.

Palouse Capital Management Inc. reduced its holdings in shares of Whirlpool Co. (NYSE:WHR) by 15.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,554 shares of the company’s stock after selling 1,333 shares during the quarter. Palouse Capital Management Inc.’s holdings in Whirlpool were worth $920,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in WHR. Acadian Asset Management LLC boosted its position in shares of Whirlpool by 14.7% in the 1st quarter. Acadian Asset Management LLC now owns 3,228 shares of the company’s stock valued at $557,000 after purchasing an additional 414 shares during the period. MetLife Investment Management LLC raised its stake in shares of Whirlpool by 19.4% during the 1st quarter. MetLife Investment Management LLC now owns 16,019 shares of the company’s stock worth $2,768,000 after buying an additional 2,599 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Whirlpool by 3.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,894 shares of the company’s stock worth $1,364,000 after buying an additional 270 shares in the last quarter. Yousif Capital Management LLC increased its stake in Whirlpool by 2.4% in the 1st quarter. Yousif Capital Management LLC now owns 11,256 shares of the company’s stock valued at $1,945,000 after purchasing an additional 260 shares in the last quarter. Finally, Cibc World Market Inc. raised its holdings in Whirlpool by 13.4% during the first quarter. Cibc World Market Inc. now owns 3,677 shares of the company’s stock worth $635,000 after purchasing an additional 435 shares during the last quarter. 90.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on WHR. Loop Capital began coverage on Whirlpool in a report on Thursday, February 22nd. They set a “buy” rating and a $140.00 price objective for the company. JPMorgan Chase & Co. dropped their price target on Whirlpool from $120.00 to $111.00 and set a “neutral” rating for the company in a research report on Friday, February 2nd. TheStreet raised Whirlpool from a “d+” rating to a “c+” rating in a research report on Monday, January 29th. Royal Bank of Canada lowered their price objective on Whirlpool from $92.00 to $85.00 and set an “underperform” rating for the company in a research report on Wednesday, January 31st. Finally, StockNews.com raised Whirlpool from a “hold” rating to a “buy” rating in a research report on Tuesday, February 27th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Whirlpool has a consensus rating of “Hold” and an average price target of $114.60.

Whirlpool Trading Up 0.5 %

WHR stock traded up $0.56 during trading on Friday, reaching $104.67. 1,009,876 shares of the stock traded hands, compared to its average volume of 1,286,390. The business’s 50 day moving average price is $109.94 and its 200-day moving average price is $113.67. Whirlpool Co. has a 52-week low of $98.40 and a 52-week high of $160.62. The company has a debt-to-equity ratio of 2.53, a current ratio of 0.89 and a quick ratio of 0.57. The firm has a market capitalization of $5.72 billion, a PE ratio of 12.02 and a beta of 1.48.

Whirlpool (NYSE:WHR) last issued its quarterly earnings data on Tuesday, January 30th. The company reported $3.85 EPS for the quarter, topping analysts’ consensus estimates of $3.53 by $0.32. The company had revenue of $5.09 billion for the quarter, compared to analysts’ expectations of $4.98 billion. Whirlpool had a return on equity of 38.67% and a net margin of 2.47%. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.89 earnings per share. As a group, sell-side analysts forecast that Whirlpool Co. will post 13.64 earnings per share for the current year.

Whirlpool Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 15th. Shareholders of record on Friday, May 17th will be paid a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a dividend yield of 6.69%. The ex-dividend date of this dividend is Thursday, May 16th. Whirlpool’s dividend payout ratio is presently 80.37%.

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.