Geneos Wealth Management Inc. Sells 1,907 Shares of Whirlpool Co. (NYSE:WHR)

Geneos Wealth Management Inc. decreased its position in Whirlpool Co. (NYSE:WHR) by 87.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 264 shares of the company’s stock after selling 1,907 shares during the period. Geneos Wealth Management Inc.’s holdings in Whirlpool were worth $32,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Meiji Yasuda Asset Management Co Ltd. boosted its stake in Whirlpool by 3.6% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,719 shares of the company’s stock worth $266,000 after purchasing an additional 60 shares during the period. Kentucky Retirement Systems boosted its stake in Whirlpool by 2.3% in the 3rd quarter. Kentucky Retirement Systems now owns 4,267 shares of the company’s stock worth $575,000 after purchasing an additional 96 shares during the period. Harvest Investment Advisors LLC boosted its stake in Whirlpool by 1.1% in the 3rd quarter. Harvest Investment Advisors LLC now owns 8,963 shares of the company’s stock worth $1,198,000 after purchasing an additional 98 shares during the period. CENTRAL TRUST Co boosted its stake in Whirlpool by 7.1% in the 3rd quarter. CENTRAL TRUST Co now owns 1,517 shares of the company’s stock worth $204,000 after purchasing an additional 100 shares during the period. Finally, Utah Retirement Systems boosted its stake in Whirlpool by 1.1% in the 4th quarter. Utah Retirement Systems now owns 9,598 shares of the company’s stock worth $1,358,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 90.78% of the company’s stock.

Whirlpool Stock Down 1.6 %

Shares of WHR stock opened at $103.85 on Thursday. The company has a debt-to-equity ratio of 2.53, a quick ratio of 0.57 and a current ratio of 0.89. The firm’s 50-day moving average is $110.15 and its 200-day moving average is $113.92. The stock has a market cap of $5.67 billion, a price-to-earnings ratio of 11.92 and a beta of 1.48. Whirlpool Co. has a 52-week low of $98.40 and a 52-week 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, beating analysts’ consensus estimates 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 net margin of 2.47% and a return on equity of 38.67%. Whirlpool’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.89 EPS. Sell-side analysts predict that Whirlpool Co. will post 13.64 EPS for the current year.

Whirlpool Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, June 15th. Stockholders of record on Friday, May 17th will be issued a $1.75 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 6.74%. Whirlpool’s payout ratio is 80.37%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on WHR. JPMorgan Chase & Co. reduced their target price on shares of Whirlpool from $120.00 to $111.00 and set a “neutral” rating for the company in a research note on Friday, February 2nd. TheStreet upgraded shares of Whirlpool from a “d+” rating to a “c+” rating in a research note on Monday, January 29th. Loop Capital started coverage on shares of Whirlpool in a research note on Thursday, February 22nd. They set a “buy” rating and a $140.00 price objective for the company. StockNews.com upgraded shares of Whirlpool from a “hold” rating to a “buy” rating in a research note on Tuesday, February 27th. Finally, Royal Bank of Canada reduced their price objective on shares of Whirlpool from $92.00 to $85.00 and set an “underperform” rating for the company in a research note on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus 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.