New York State Common Retirement Fund Sells 2,500 Shares of Whirlpool Co. (NYSE:WHR)

New York State Common Retirement Fund reduced its position in Whirlpool Co. (NYSE:WHR) by 9.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,655 shares of the company’s stock after selling 2,500 shares during the quarter. New York State Common Retirement Fund’s holdings in Whirlpool were worth $2,708,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in WHR. Private Advisor Group LLC raised its holdings in shares of Whirlpool by 5.6% in the third quarter. Private Advisor Group LLC now owns 5,381 shares of the company’s stock valued at $586,000 after acquiring an additional 284 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Whirlpool by 24.6% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 10,330 shares of the company’s stock valued at $1,105,000 after acquiring an additional 2,037 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in shares of Whirlpool by 7.2% in the third quarter. State of Alaska Department of Revenue now owns 6,397 shares of the company’s stock valued at $684,000 after acquiring an additional 430 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Whirlpool by 5.7% in the third quarter. Nisa Investment Advisors LLC now owns 18,701 shares of the company’s stock valued at $2,001,000 after acquiring an additional 1,002 shares in the last quarter. Finally, Integrated Advisors Network LLC bought a new stake in shares of Whirlpool in the third quarter valued at about $309,000. 90.78% of the stock is currently owned by institutional investors.

Whirlpool Stock Performance

Shares of Whirlpool stock opened at $101.90 on Friday. The company has a market capitalization of $5.64 billion, a PE ratio of -17.39 and a beta of 1.43. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.44 and a current ratio of 0.72. The company has a 50-day simple moving average of $113.63 and a two-hundred day simple moving average of $108.84. Whirlpool Co. has a one year low of $84.18 and a one year high of $135.49.

Whirlpool (NYSE:WHR) last posted its quarterly earnings data on Wednesday, January 29th. The company reported $4.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.26 by $0.31. Whirlpool had a negative net margin of 1.95% and a positive return on equity of 21.89%. During the same quarter in the prior year, the company earned $3.85 EPS. Research analysts expect that Whirlpool Co. will post 9.52 EPS for the current fiscal year.

Whirlpool Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders of record on Friday, February 28th will be issued a dividend of $1.75 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $7.00 annualized dividend and a dividend yield of 6.87%. Whirlpool’s dividend payout ratio (DPR) is currently -119.45%.

Wall Street Analysts Forecast Growth

WHR has been the subject of several recent research reports. StockNews.com upgraded Whirlpool from a “sell” rating to a “hold” rating in a report on Tuesday, January 21st. The Goldman Sachs Group boosted their target price on shares of Whirlpool from $125.00 to $138.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $106.00.

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.