Whirlpool Co. (NYSE:WHR) CFO James W. Peters Sells 6,000 Shares

Whirlpool Co. (NYSE:WHR) CFO James W. Peters sold 6,000 shares of the company’s 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 sale, the chief financial officer now directly owns 41,570 shares in the company, valued at approximately $4,343,233.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Whirlpool Stock Down 1.0 %

Shares of WHR opened at $102.65 on Wednesday. The firm has a market capitalization of $5.66 billion, a price-to-earnings ratio of 10.12 and a beta of 1.44. Whirlpool Co. has a 52 week low of $84.18 and a 52 week high of $125.68. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.55 and a current ratio of 0.94. The business’s fifty day moving average price is $102.28 and its two-hundred day moving average price is $98.58.

Whirlpool (NYSE:WHR) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $3.43 earnings per share for the quarter, topping 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 analysts’ expectations of $4.09 billion. During the same period in the previous year, the business posted $5.45 EPS. The company’s quarterly revenue was down 18.9% compared to the same quarter last year. On average, analysts predict that Whirlpool Co. will post 12 earnings per share for the current year.

Whirlpool Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Friday, November 15th will be issued a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a yield of 6.82%. The ex-dividend date of this dividend is Friday, November 15th. Whirlpool’s dividend payout ratio is presently 69.03%.

Analysts Set New Price Targets

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

Institutional Trading of Whirlpool

Several institutional investors and hedge funds have recently made changes to their positions in WHR. IVC Wealth Advisors LLC acquired a new position in Whirlpool in the first quarter valued at about $204,000. Strategic Advisors LLC raised its position in shares of Whirlpool by 4.7% in the 1st quarter. Strategic Advisors LLC now owns 6,074 shares of the company’s stock valued at $727,000 after acquiring an additional 274 shares during the period. HB Wealth Management LLC bought a new position in Whirlpool during the 1st quarter worth approximately $219,000. Retirement Systems of Alabama grew its holdings in Whirlpool by 471.3% during the first quarter. Retirement Systems of Alabama now owns 69,067 shares of the company’s stock valued at $8,262,000 after purchasing an additional 56,978 shares during the period. Finally, Private Advisor Group LLC increased its stake in Whirlpool by 2.6% in the first quarter. Private Advisor Group LLC now owns 5,006 shares of the company’s stock valued at $599,000 after purchasing an additional 125 shares in the last quarter. Institutional investors own 90.78% of the company’s stock.

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.