Whirlpool Co. (NYSE:WHR) Holdings Decreased by Amalgamated Bank

Amalgamated Bank reduced its holdings in Whirlpool Co. (NYSE:WHR) by 7.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,988 shares of the company’s stock after selling 2,861 shares during the period. Amalgamated Bank owned about 0.06% of Whirlpool worth $3,474,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Primecap Management Co. CA lifted its position in shares of Whirlpool by 1.8% in the second quarter. Primecap Management Co. CA now owns 4,858,250 shares of the company’s stock worth $496,513,000 after purchasing an additional 84,574 shares in the last quarter. Moors & Cabot Inc. boosted its stake in shares of Whirlpool by 72.5% during the 2nd quarter. Moors & Cabot Inc. now owns 6,829 shares of the company’s stock valued at $698,000 after buying an additional 2,870 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Whirlpool by 46.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 981,472 shares of the company’s stock valued at $100,304,000 after acquiring an additional 312,729 shares in the last quarter. Brown Brothers Harriman & Co. increased its stake in shares of Whirlpool by 161.6% in the second quarter. Brown Brothers Harriman & Co. now owns 1,656 shares of the company’s stock worth $169,000 after acquiring an additional 1,023 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Whirlpool by 5.4% during the second quarter. Envestnet Asset Management Inc. now owns 69,786 shares of the company’s stock worth $7,132,000 after acquiring an additional 3,584 shares in the last quarter. 90.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Whirlpool

In other news, EVP Juan Carlos Puente sold 3,266 shares of Whirlpool stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $100.00, for a total value of $326,600.00. Following the transaction, the executive vice president now directly owns 19,070 shares in the company, valued at $1,907,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.05% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Bank of America started coverage on Whirlpool in a research report on Tuesday, July 30th. They issued an “underperform” rating and a $88.00 target price on the stock. Royal Bank of Canada cut their price objective on shares of Whirlpool from $79.00 to $76.00 and set an “underperform” rating on the stock in a research report on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Whirlpool currently has a consensus rating of “Hold” and an average price target of $103.75.

Whirlpool Stock Performance

WHR opened at $102.41 on Monday. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.58 and a current ratio of 0.96. The company has a market cap of $5.60 billion, a PE ratio of 14.11 and a beta of 1.44. The stock has a 50-day moving average of $99.48 and a 200-day moving average of $100.00. Whirlpool Co. has a 52-week low of $84.18 and a 52-week high of $135.45.

Whirlpool (NYSE:WHR) last announced its earnings results on Wednesday, July 24th. The company reported $2.39 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.39. Whirlpool had a return on equity of 27.67% and a net margin of 2.89%. The firm had revenue of $3.99 billion during the quarter, compared to analysts’ expectations of $3.96 billion. During the same quarter in the prior year, the business earned $4.21 earnings per share. The company’s revenue was down 16.8% on a year-over-year basis. As a group, equities research analysts forecast that Whirlpool Co. will post 11.31 earnings per share for the current fiscal year.

Whirlpool Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Sunday, September 15th. Shareholders of record on Friday, August 30th were given a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a yield of 6.84%. The ex-dividend date was Friday, August 30th. Whirlpool’s dividend payout ratio is 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.