Raymond James Financial Services Advisors Inc. Sells 370 Shares of Whirlpool Co. (NYSE:WHR)

Raymond James Financial Services Advisors Inc. reduced its holdings in shares of Whirlpool Co. (NYSE:WHR) by 3.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 11,666 shares of the company’s stock after selling 370 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Whirlpool were worth $1,421,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Meiji Yasuda Asset Management Co Ltd. grew its stake in shares of Whirlpool by 3.6% during the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,719 shares of the company’s stock worth $266,000 after acquiring an additional 60 shares in the last quarter. Kentucky Retirement Systems grew its stake in shares of Whirlpool by 2.3% during the 3rd quarter. Kentucky Retirement Systems now owns 4,267 shares of the company’s stock worth $575,000 after acquiring an additional 96 shares in the last quarter. Harvest Investment Advisors LLC grew its stake in shares of Whirlpool by 1.1% during the 3rd quarter. Harvest Investment Advisors LLC now owns 8,963 shares of the company’s stock worth $1,198,000 after acquiring an additional 98 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of Whirlpool by 96.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 204 shares of the company’s stock valued at $35,000 after buying an additional 100 shares during the last quarter. Finally, CENTRAL TRUST Co boosted its holdings in shares of Whirlpool by 7.1% in the 3rd quarter. CENTRAL TRUST Co now owns 1,517 shares of the company’s stock valued at $204,000 after buying an additional 100 shares during the last quarter. 90.78% of the stock is owned by institutional investors.

Whirlpool Stock Performance

NYSE:WHR opened at $108.07 on Friday. The stock has a market cap of $5.90 billion, a P/E ratio of 12.41 and a beta of 1.48. The company has a current ratio of 0.89, a quick ratio of 0.57 and a debt-to-equity ratio of 2.53. The stock’s 50-day moving average is $110.36 and its 200-day moving average is $114.60. Whirlpool Co. has a 1-year low of $98.40 and a 1-year high of $160.62.

Whirlpool (NYSE:WHR) last released its quarterly earnings results on Tuesday, January 30th. The company reported $3.85 earnings per share for the quarter, topping the consensus estimate 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 business’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the business posted $3.89 earnings per share. Equities research analysts anticipate that Whirlpool Co. will post 13.64 earnings per share for the current year.

Whirlpool Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a dividend yield of 6.48%. The ex-dividend date was Thursday, February 29th. Whirlpool’s dividend payout ratio is currently 80.37%.

Analyst Ratings Changes

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

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.