Zurcher Kantonalbank Zurich Cantonalbank Sells 15,724 Shares of Whirlpool Co. (NYSE:WHR)

Zurcher Kantonalbank Zurich Cantonalbank reduced its holdings in shares of Whirlpool Co. (NYSE:WHR) by 47.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,448 shares of the company’s stock after selling 15,724 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Whirlpool were worth $2,125,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of WHR. International Assets Investment Management LLC lifted its holdings in shares of Whirlpool by 3,554.4% during the fourth quarter. International Assets Investment Management LLC now owns 1,382,430 shares of the company’s stock valued at $168,339,000 after purchasing an additional 1,344,601 shares in the last quarter. Boston Partners lifted its holdings in shares of Whirlpool by 59.7% during the third quarter. Boston Partners now owns 2,473,047 shares of the company’s stock valued at $328,804,000 after purchasing an additional 924,128 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Whirlpool by 38.3% during the third quarter. Invesco Ltd. now owns 1,954,344 shares of the company’s stock valued at $261,296,000 after purchasing an additional 541,219 shares in the last quarter. Stifel Financial Corp lifted its holdings in shares of Whirlpool by 689.8% during the third quarter. Stifel Financial Corp now owns 454,303 shares of the company’s stock valued at $60,741,000 after purchasing an additional 396,782 shares in the last quarter. Finally, LPL Financial LLC lifted its holdings in shares of Whirlpool by 339.6% during the third quarter. LPL Financial LLC now owns 132,042 shares of the company’s stock valued at $17,654,000 after purchasing an additional 102,008 shares in the last quarter. 90.78% of the stock is owned by institutional investors.

Whirlpool Stock Down 0.0 %

Whirlpool stock opened at $105.39 on Wednesday. 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 stock has a fifty day moving average of $109.77 and a 200 day moving average of $113.18. The stock has a market cap of $5.76 billion, a PE ratio of 12.10 and a beta of 1.48. Whirlpool Co. has a one year low of $98.40 and a one year high of $160.62.

Whirlpool (NYSE:WHR) last issued its quarterly earnings results on Tuesday, January 30th. The company reported $3.85 EPS for the quarter, topping analysts’ consensus estimates of $3.53 by $0.32. The business 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 business’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.89 earnings per share. As a group, sell-side analysts predict that Whirlpool Co. will post 13.64 EPS for the current year.

Whirlpool Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Saturday, June 15th. Shareholders of record on Friday, May 17th will be given a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a yield of 6.64%. The ex-dividend date is Thursday, May 16th. Whirlpool’s payout ratio is 80.37%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on WHR. JPMorgan Chase & Co. lowered their price target on Whirlpool from $120.00 to $111.00 and set a “neutral” rating on the stock in a report on Friday, February 2nd. Loop Capital assumed coverage on Whirlpool in a research report on Thursday, February 22nd. They set a “buy” rating and a $140.00 price objective for the company. Royal Bank of Canada reduced 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. TheStreet upgraded Whirlpool from a “d+” rating to a “c+” rating in a research report on Monday, January 29th. Finally, StockNews.com upgraded Whirlpool from a “hold” rating to a “buy” rating in a research report on Tuesday, February 27th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $114.60.

About Whirlpool

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.