Whirlpool Co. (NYSE:WHR) Shares Sold by New York Life Investment Management LLC

New York Life Investment Management LLC reduced its holdings in Whirlpool Co. (NYSE:WHR) by 3.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,627 shares of the company’s stock after selling 243 shares during the period. New York Life Investment Management LLC’s holdings in Whirlpool were worth $929,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Whirlpool by 0.4% in the third quarter. Vanguard Group Inc. now owns 6,536,414 shares of the company’s stock valued at $873,919,000 after acquiring an additional 25,740 shares in the last quarter. Boston Partners lifted its position in shares of Whirlpool by 59.7% in the third quarter. Boston Partners now owns 2,473,047 shares of the company’s stock valued at $328,804,000 after acquiring an additional 924,128 shares in the last quarter. Invesco Ltd. lifted its position in shares of Whirlpool by 38.3% in the third quarter. Invesco Ltd. now owns 1,954,344 shares of the company’s stock valued at $261,296,000 after acquiring an additional 541,219 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Whirlpool by 3.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,410,726 shares of the company’s stock valued at $188,614,000 after acquiring an additional 46,720 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its position in shares of Whirlpool by 3,554.4% in 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 acquiring an additional 1,344,601 shares in the last quarter. 90.78% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on WHR. Loop Capital began coverage on Whirlpool in a research report on Thursday, February 22nd. They issued a “buy” rating and a $140.00 target price on the stock. TheStreet upgraded Whirlpool from a “d+” rating to a “c+” rating in a research report on Monday, January 29th. Royal Bank of Canada reduced their price objective on Whirlpool from $85.00 to $79.00 and set an “underperform” rating on the stock in a research report on Friday, April 26th. StockNews.com downgraded Whirlpool from a “buy” rating to a “hold” rating in a research report on Friday, April 26th. Finally, JPMorgan Chase & Co. reduced their price objective on Whirlpool from $120.00 to $111.00 and set a “neutral” rating on the stock in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Whirlpool has a consensus rating of “Hold” and a consensus target price of $113.40.

Whirlpool Trading Down 0.1 %

Shares of NYSE WHR opened at $94.89 on Thursday. Whirlpool Co. has a twelve month low of $91.90 and a twelve month high of $160.62. The company has a current ratio of 0.95, a quick ratio of 0.58 and a debt-to-equity ratio of 2.56. The stock has a fifty day simple moving average of $106.92 and a 200-day simple moving average of $110.87. The stock has a market capitalization of $5.18 billion, a PE ratio of 13.07 and a beta of 1.52.

Whirlpool (NYSE:WHR) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.61 by $0.17. Whirlpool had a return on equity of 35.16% and a net margin of 2.07%. The business had revenue of $4.49 billion during the quarter, compared to analysts’ expectations of $4.42 billion. During the same period in the previous year, the firm posted $2.66 earnings per share. The company’s revenue was down 3.4% on a year-over-year basis. On average, equities analysts forecast that Whirlpool Co. will post 12.53 earnings per share for the current year.

Whirlpool Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, June 15th. Stockholders of record on Friday, May 17th will be paid 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 7.38%. Whirlpool’s 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.