Goldman Sachs Group Inc. Sells 66,190 Shares of Whirlpool Co. (NYSE:WHR)

Goldman Sachs Group Inc. trimmed its stake in Whirlpool Co. (NYSE:WHR) by 13.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 422,125 shares of the company’s stock after selling 66,190 shares during the period. Goldman Sachs Group Inc. owned 0.77% of Whirlpool worth $51,402,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in WHR. Private Trust Co. NA lifted its position in shares of Whirlpool by 190.7% during the fourth quarter. Private Trust Co. NA now owns 282 shares of the company’s stock valued at $34,000 after buying an additional 185 shares during the last quarter. ORG Partners LLC acquired a new stake in Whirlpool in the fourth quarter valued at approximately $37,000. Parallel Advisors LLC grew its holdings in Whirlpool by 82.5% in the fourth quarter. Parallel Advisors LLC now owns 407 shares of the company’s stock worth $50,000 after purchasing an additional 184 shares during the last quarter. Federated Hermes Inc. increased its position in shares of Whirlpool by 79.4% during the fourth quarter. Federated Hermes Inc. now owns 436 shares of the company’s stock worth $53,000 after purchasing an additional 193 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its holdings in shares of Whirlpool by 27.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 539 shares of the company’s stock valued at $66,000 after purchasing an additional 115 shares during the last quarter. 90.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. StockNews.com lowered Whirlpool from a “buy” rating to a “hold” rating in a research report on Friday, April 26th. Bank of America lifted their target price on shares of Whirlpool from $63.00 to $75.00 in a research note on Friday, May 17th. Loop Capital assumed coverage on shares of Whirlpool in a research note on Thursday, February 22nd. They set a “buy” rating and a $140.00 price target on the stock. Finally, Royal Bank of Canada lowered their price objective on shares of Whirlpool from $85.00 to $79.00 and set an “underperform” rating for the company in a research note on Friday, April 26th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $111.00.

Whirlpool Stock Down 2.9 %

NYSE:WHR opened at $89.11 on Thursday. The firm has a market capitalization of $4.87 billion, a P/E ratio of 12.27 and a beta of 1.48. The company’s fifty day moving average price is $94.54 and its 200-day moving average price is $106.59. Whirlpool Co. has a 1-year low of $84.18 and a 1-year high of $160.62. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.95 and a quick ratio of 0.58.

Whirlpool (NYSE:WHR) last released 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. The business had revenue of $4.49 billion during the quarter, compared to analyst estimates of $4.42 billion. Whirlpool had a return on equity of 35.16% and a net margin of 2.07%. The company’s revenue was down 3.4% on a year-over-year basis. During the same quarter last year, the business posted $2.66 EPS. As a group, equities research analysts anticipate that Whirlpool Co. will post 12.37 EPS for the current year.

Whirlpool Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Saturday, June 15th. Investors of record on Friday, May 17th were issued a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a yield of 7.86%. The ex-dividend date of this dividend was Thursday, May 16th. Whirlpool’s dividend payout ratio (DPR) is presently 96.42%.

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.