Whirlpool Co. (NYSE:WHR) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System trimmed its holdings in Whirlpool Co. (NYSE:WHR) by 3.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 52,059 shares of the company’s stock after selling 1,800 shares during the period. New York State Teachers Retirement System owned 0.09% of Whirlpool worth $5,570,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC grew its position in shares of Whirlpool by 20.0% in the first quarter. Janney Montgomery Scott LLC now owns 41,855 shares of the company’s stock valued at $5,007,000 after purchasing an additional 6,984 shares during the last quarter. Empowered Funds LLC acquired a new position in shares of Whirlpool in the first quarter worth $1,054,000. Evergreen Capital Management LLC lifted its position in shares of Whirlpool by 41.5% in the second quarter. Evergreen Capital Management LLC now owns 43,261 shares of the company’s stock valued at $4,421,000 after acquiring an additional 12,697 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Whirlpool during the first quarter valued at $10,369,000. Finally, American International Group Inc. increased its position in Whirlpool by 406.5% during the 1st quarter. American International Group Inc. now owns 72,793 shares of the company’s stock worth $8,708,000 after purchasing an additional 58,420 shares in the last quarter. 90.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on WHR. Bank of America raised their price target on shares of Whirlpool from $101.00 to $103.00 and gave the stock an “underperform” rating in a research note on Friday, October 25th. Royal Bank of Canada lowered their target price on shares of Whirlpool from $76.00 to $74.00 and set an “underperform” rating for the company in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. increased their price target on Whirlpool from $103.00 to $109.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. Two investment 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. According to MarketBeat, Whirlpool has an average rating of “Hold” and a consensus price target of $106.50.

Insider Activity

In related news, EVP Juan Carlos Puente sold 3,266 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $100.00, for a total transaction of $326,600.00. Following the completion of the sale, the executive vice president now owns 19,070 shares of the company’s stock, valued at approximately $1,907,000. This represents 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. In related news, EVP Juan Carlos Puente sold 3,266 shares of Whirlpool stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $100.00, for a total transaction of $326,600.00. Following the transaction, the executive vice president now owns 19,070 shares in the company, valued at approximately $1,907,000. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO James W. Peters sold 6,000 shares of the stock in a transaction on Monday, October 28th. The shares were sold at an average price of $104.48, for a total value of $626,880.00. Following the completion of the sale, the chief financial officer now owns 41,570 shares of the company’s stock, valued at approximately $4,343,233.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.05% of the company’s stock.

Whirlpool Price Performance

WHR opened at $106.35 on Wednesday. Whirlpool Co. has a 1 year low of $84.18 and a 1 year 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 company’s 50 day simple moving average is $102.60 and its 200 day simple moving average is $98.56. The stock has a market capitalization of $5.86 billion, a PE ratio of 10.49 and a beta of 1.44.

Whirlpool (NYSE:WHR) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $3.43 earnings per share for the quarter, beating analysts’ consensus estimates of $2.99 by $0.44. The company had revenue of $3.99 billion for the quarter, compared to analyst estimates of $4.09 billion. Whirlpool had a net margin of 3.19% and a return on equity of 21.41%. Whirlpool’s revenue for the quarter was down 18.9% on a year-over-year basis. During the same quarter last year, the business earned $5.45 EPS. As a group, sell-side analysts expect that Whirlpool Co. will post 12.27 EPS for the current year.

Whirlpool Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Friday, November 15th will be issued a $1.75 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 6.58%. Whirlpool’s dividend payout ratio (DPR) is 69.03%.

Whirlpool 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.