Whirlpool Co. (NYSE:WHR) Shares Sold by Sunbelt Securities Inc.

Sunbelt Securities Inc. trimmed its stake in shares of Whirlpool Co. (NYSE:WHR) by 37.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 580 shares of the company’s stock after selling 350 shares during the period. Sunbelt Securities Inc.’s holdings in Whirlpool were worth $69,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Private Trust Co. NA increased its position in shares of Whirlpool by 190.7% in 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 in the last quarter. ORG Partners LLC purchased a new position in Whirlpool during the fourth quarter valued at $37,000. Salem Investment Counselors Inc. acquired a new stake in shares of Whirlpool in the first quarter valued at about $45,000. Parallel Advisors LLC increased its stake in shares of Whirlpool by 82.5% during the fourth quarter. Parallel Advisors LLC now owns 407 shares of the company’s stock worth $50,000 after purchasing an additional 184 shares in the last quarter. Finally, Federated Hermes Inc. raised its position in shares of Whirlpool by 79.4% during the 4th quarter. Federated Hermes Inc. now owns 436 shares of the company’s stock worth $53,000 after purchasing an additional 193 shares during the last quarter. 90.78% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on WHR. StockNews.com lowered Whirlpool from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. Royal Bank of Canada reduced their price objective on Whirlpool from $85.00 to $79.00 and set an “underperform” rating for the company in a research note on Friday, April 26th. Finally, 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. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $111.00.

Whirlpool Stock Up 1.3 %

Shares of NYSE:WHR opened at $102.20 on Monday. Whirlpool Co. has a 52-week low of $84.18 and a 52-week high of $160.62. The company has a quick ratio of 0.58, a current ratio of 0.95 and a debt-to-equity ratio of 2.56. The business has a fifty day moving average of $92.94 and a two-hundred day moving average of $105.78. The stock has a market cap of $5.58 billion, a P/E ratio of 14.08 and a beta of 1.48.

Whirlpool (NYSE:WHR) last released its quarterly earnings data 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 firm had revenue of $4.49 billion during the quarter, compared to analysts’ expectations of $4.42 billion. Whirlpool had a net margin of 2.07% and a return on equity of 35.16%. Whirlpool’s revenue was down 3.4% compared to the same quarter last year. During the same period last year, the business earned $2.66 earnings per share. On average, research analysts expect that Whirlpool Co. will post 12.37 earnings per share for the current year.

Whirlpool Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, June 15th. Shareholders of record on Friday, May 17th were paid a dividend of $1.75 per share. The ex-dividend date was Thursday, May 16th. This represents a $7.00 annualized dividend and a yield of 6.85%. Whirlpool’s dividend payout ratio (DPR) is 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.