Private Trust Co. NA Grows Stake in Whirlpool Co. (NYSE:WHR)

Private Trust Co. NA boosted its position in shares of Whirlpool Co. (NYSE:WHR) by 190.7% during the 4th quarter, HoldingsChannel reports. The firm owned 282 shares of the company’s stock after buying an additional 185 shares during the period. Private Trust Co. NA’s holdings in Whirlpool were worth $34,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of WHR. Acadian Asset Management LLC increased its holdings in Whirlpool by 14.7% during the 1st quarter. Acadian Asset Management LLC now owns 3,228 shares of the company’s stock worth $557,000 after purchasing an additional 414 shares during the period. MetLife Investment Management LLC increased its holdings in 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 purchasing an additional 2,599 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in 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 purchasing an additional 270 shares during the period. Yousif Capital Management LLC boosted its position in Whirlpool by 2.4% during the 1st quarter. Yousif Capital Management LLC now owns 11,256 shares of the company’s stock valued at $1,945,000 after acquiring an additional 260 shares in the last quarter. Finally, Cibc World Market Inc. boosted its position in Whirlpool by 13.4% during the 1st quarter. Cibc World Market Inc. now owns 3,677 shares of the company’s stock valued at $635,000 after acquiring an additional 435 shares in the last quarter. 90.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. TheStreet raised Whirlpool from a “d+” rating to a “c+” rating in a research report on Monday, January 29th. Loop Capital assumed coverage on Whirlpool in a research report on Thursday, February 22nd. They set a “buy” rating and a $140.00 target price on the stock. JPMorgan Chase & Co. dropped their target price on Whirlpool from $120.00 to $111.00 and set a “neutral” rating on the stock in a research report on Friday, February 2nd. StockNews.com raised Whirlpool from a “hold” rating to a “buy” rating in a research report on Tuesday, February 27th. Finally, 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. 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 stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $114.60.

Whirlpool Stock Up 0.4 %

Whirlpool stock opened at $111.34 on Friday. The stock has a market capitalization of $6.08 billion, a price-to-earnings ratio of 12.78 and a beta of 1.48. 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 business has a fifty day moving average price of $110.41 and a 200-day moving average price of $114.77. Whirlpool Co. has a 1-year low of $98.40 and a 1-year high of $160.62.

Whirlpool (NYSE:WHR) last issued its earnings results on Tuesday, January 30th. The company reported $3.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.53 by $0.32. The company had revenue of $5.09 billion during the quarter, compared to analyst estimates 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 last year, the business posted $3.89 EPS. Equities research analysts forecast that Whirlpool Co. will post 13.64 EPS for the current fiscal year.

Whirlpool Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $1.75 dividend. The ex-dividend date was Thursday, February 29th. This represents a $7.00 dividend on an annualized basis and a yield of 6.29%. Whirlpool’s dividend payout ratio (DPR) is 80.37%.

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.