Nisa Investment Advisors LLC Sells 1,483 Shares of Whirlpool Co. (NYSE:WHR)

Nisa Investment Advisors LLC cut its position in shares of Whirlpool Co. (NYSE:WHR) by 9.5% during the 4th quarter, HoldingsChannel reports. The firm owned 14,165 shares of the company’s stock after selling 1,483 shares during the period. Nisa Investment Advisors LLC’s holdings in Whirlpool were worth $1,725,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

WHR has been the subject of a number of recent research reports. StockNews.com upgraded Whirlpool from a “hold” rating to a “buy” rating in a research note on Tuesday, February 27th. TheStreet upgraded Whirlpool from a “d+” rating to a “c+” rating in a research note on Monday, January 29th. JPMorgan Chase & Co. lowered their price objective on Whirlpool from $120.00 to $111.00 and set a “neutral” rating for the company in a research note on Friday, February 2nd. Loop Capital initiated coverage on Whirlpool in a research note on Thursday, February 22nd. They set a “buy” rating and a $140.00 price objective for the company. 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 note on Wednesday, January 31st. One 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. According to data from MarketBeat.com, Whirlpool presently has a consensus rating of “Hold” and a consensus target price of $114.60.

Whirlpool Stock Down 3.0 %

WHR stock opened at $108.06 on Monday. Whirlpool Co. has a 1-year low of $98.40 and a 1-year high of $160.62. The business has a fifty day moving average price of $110.36 and a 200-day moving average price of $114.38. 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 stock has a market capitalization of $5.90 billion, a P/E ratio of 12.41 and a beta of 1.48.

Whirlpool (NYSE:WHR) last posted 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 firm had revenue of $5.09 billion during 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 company’s revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.89 earnings per share. Equities analysts forecast that Whirlpool Co. will post 13.64 earnings per share for the current fiscal year.

Whirlpool Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a yield of 6.48%. The ex-dividend date of this dividend was Thursday, February 29th. Whirlpool’s dividend payout ratio (DPR) 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.