Whirlpool Co. (NYSE:WHR) Shares Sold by Greenleaf Trust

Greenleaf Trust lowered its stake in shares of Whirlpool Co. (NYSE:WHR) by 6.2% in the fourth quarter, HoldingsChannel reports. The firm owned 1,739 shares of the company’s stock after selling 115 shares during the quarter. Greenleaf Trust’s holdings in Whirlpool were worth $212,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in WHR. Envestnet Asset Management Inc. raised its position in Whirlpool by 19.6% during the third quarter. Envestnet Asset Management Inc. now owns 90,465 shares of the company’s stock valued at $12,095,000 after buying an additional 14,851 shares during the period. IFG Advisory LLC grew its stake in Whirlpool by 5.6% in the fourth quarter. IFG Advisory LLC now owns 2,737 shares of the company’s stock valued at $333,000 after purchasing an additional 146 shares in the last quarter. Gilman Hill Asset Management LLC grew its stake in Whirlpool by 47.0% in the fourth quarter. Gilman Hill Asset Management LLC now owns 79,926 shares of the company’s stock valued at $9,733,000 after purchasing an additional 25,541 shares in the last quarter. Capital Advisors Inc. OK purchased a new position in Whirlpool in the fourth quarter valued at about $6,373,000. Finally, Deutsche Bank AG grew its stake in Whirlpool by 4.7% in the third quarter. Deutsche Bank AG now owns 428,220 shares of the company’s stock valued at $57,253,000 after purchasing an additional 19,036 shares in the last quarter. Institutional investors and hedge funds own 90.78% of the company’s stock.

Analyst Ratings Changes

WHR has been the topic of a number of recent research reports. Royal Bank of Canada lowered their target price on Whirlpool from $92.00 to $85.00 and set an “underperform” rating on the stock in a research note on Wednesday, January 31st. TheStreet upgraded Whirlpool from a “d+” rating to a “c+” rating in a research note on Monday, January 29th. StockNews.com upgraded Whirlpool from a “hold” rating to a “buy” rating in a research note on Tuesday, February 27th. Loop Capital started coverage on Whirlpool in a report on Thursday, February 22nd. They issued a “buy” rating and a $140.00 price target for the company. Finally, JPMorgan Chase & Co. cut their price target on Whirlpool from $120.00 to $111.00 and set a “neutral” rating for the company in a report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $114.60.

Whirlpool Stock Down 10.1 %

NYSE WHR opened at $94.96 on Friday. The firm has a market cap of $5.19 billion, a PE ratio of 13.08 and a beta of 1.48. Whirlpool Co. has a one year low of $92.54 and a one year high of $160.62. The stock’s 50 day simple moving average is $109.41 and its 200 day simple moving average is $113.00. The company has a debt-to-equity ratio of 2.53, a current ratio of 0.89 and a quick ratio of 0.57.

Whirlpool (NYSE:WHR) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.17. The business had revenue of $4.49 billion for the quarter, compared to analyst estimates of $4.42 billion. Whirlpool had a return on equity of 36.24% and a net margin of 2.07%. The firm’s revenue was down 3.4% on a year-over-year basis. During the same period last year, the company earned $2.66 EPS. As a group, sell-side analysts forecast that Whirlpool Co. will post 12.85 earnings per share for the current fiscal year.

Whirlpool Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, June 15th. Shareholders of record on Friday, May 17th will be issued a dividend of $1.75 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $7.00 annualized dividend and a yield of 7.37%. Whirlpool’s dividend payout ratio is presently 96.42%.

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.