Whirlpool Corporation (NYSE:WHR) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System cut its position in shares of Whirlpool Corporation (NYSE:WHR) by 1.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 51,559 shares of the company’s stock after selling 500 shares during the quarter. New York State Teachers Retirement System owned 0.09% of Whirlpool worth $4,647,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WHR. SBI Securities Co. Ltd. acquired a new position in shares of Whirlpool in the fourth quarter worth $30,000. Nemes Rush Group LLC raised its holdings in shares of Whirlpool by 79.1% in the fourth quarter. Nemes Rush Group LLC now owns 274 shares of the company’s stock worth $31,000 after acquiring an additional 121 shares during the last quarter. TD Waterhouse Canada Inc. raised its holdings in shares of Whirlpool by 120.7% in the fourth quarter. TD Waterhouse Canada Inc. now owns 320 shares of the company’s stock worth $37,000 after acquiring an additional 175 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of Whirlpool by 40.4% in the first quarter. UMB Bank n.a. now owns 448 shares of the company’s stock worth $40,000 after acquiring an additional 129 shares during the last quarter. Finally, Manitou Investment Management Ltd. acquired a new position in shares of Whirlpool in the first quarter worth $50,000. 90.78% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on WHR shares. JPMorgan Chase & Co. dropped their target price on Whirlpool from $109.00 to $89.00 and set a “neutral” rating for the company in a research note on Monday, April 28th. Bank of America upgraded Whirlpool from an “underperform” rating to a “neutral” rating and upped their target price for the company from $68.00 to $94.00 in a research note on Friday, June 13th. Royal Bank Of Canada dropped their target price on Whirlpool from $81.00 to $65.00 and set an “underperform” rating for the company in a research note on Friday, April 25th. Wall Street Zen upgraded Whirlpool from a “sell” rating to a “hold” rating in a research note on Sunday, June 22nd. Finally, Longbow Research upgraded Whirlpool from a “neutral” rating to a “buy” rating and set a $145.00 target price for the company in a research note on Monday, June 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Whirlpool presently has a consensus rating of “Hold” and an average target price of $108.40.

Whirlpool Stock Performance

Shares of NYSE:WHR opened at $109.80 on Monday. The firm has a market capitalization of $6.11 billion, a PE ratio of 784.29 and a beta of 1.25. The company has a debt-to-equity ratio of 1.71, a current ratio of 0.72 and a quick ratio of 0.40. The business has a 50-day moving average of $85.97 and a two-hundred day moving average of $96.18. Whirlpool Corporation has a 12 month low of $73.72 and a 12 month high of $135.49.

Whirlpool (NYSE:WHR) last announced its quarterly earnings results on Wednesday, April 23rd. The company reported $1.70 EPS for the quarter, topping the consensus estimate of $1.67 by $0.03. The company had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.67 billion. Whirlpool had a return on equity of 21.38% and a net margin of 0.04%. The firm’s revenue was down 19.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.78 earnings per share. As a group, research analysts forecast that Whirlpool Corporation will post 9.52 earnings per share for the current year.

Whirlpool Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, June 15th. Shareholders of record on Friday, May 16th were paid a dividend of $1.75 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $7.00 annualized dividend and a yield of 6.38%. Whirlpool’s dividend payout ratio is presently 5,000.00%.

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.