Whirlpool Co. (NYSE:WHR) CFO James W. Peters Sells 6,000 Shares

Whirlpool Co. (NYSE:WHR) CFO James W. Peters sold 6,000 shares of the business’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $104.48, for a total transaction of $626,880.00. Following the completion of the sale, the chief financial officer now owns 41,570 shares of the company’s stock, valued at approximately $4,343,233.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Whirlpool Stock Performance

NYSE:WHR traded down $1.02 during trading hours on Tuesday, hitting $102.69. 742,606 shares of the company were exchanged, compared to its average volume of 1,198,504. The stock has a market capitalization of $5.66 billion, a price-to-earnings ratio of 10.24 and a beta of 1.44. Whirlpool Co. has a 52-week low of $84.18 and a 52-week high of $125.68. The company has a debt-to-equity ratio of 1.94, a current ratio of 0.94 and a quick ratio of 0.55. The company’s 50 day moving average price is $102.16 and its 200-day moving average price is $98.62.

Whirlpool (NYSE:WHR) last released its earnings results on Wednesday, October 23rd. The company reported $3.43 earnings per share for the quarter, topping the consensus estimate of $2.99 by $0.44. The company had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $4.09 billion. Whirlpool had a net margin of 3.19% and a return on equity of 21.41%. Whirlpool’s revenue was down 18.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.45 EPS. As a group, research analysts forecast that Whirlpool Co. will post 12 earnings per share for the current year.

Whirlpool Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Friday, November 15th will be given a dividend of $1.75 per share. This represents a $7.00 annualized dividend and a yield of 6.82%. The ex-dividend date of this dividend is Friday, November 15th. Whirlpool’s dividend payout ratio is presently 69.03%.

Wall Street Analysts Forecast Growth

WHR has been the subject of several recent analyst reports. Royal Bank of Canada reduced their price objective on shares of Whirlpool from $76.00 to $74.00 and set an “underperform” rating for the company in a research note on Friday. JPMorgan Chase & Co. boosted their price objective on shares of Whirlpool from $103.00 to $109.00 and gave the stock a “neutral” rating in a research note on Tuesday. Finally, Bank of America boosted their price objective on shares of Whirlpool from $101.00 to $103.00 and gave the stock an “underperform” rating in a research note on Friday. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, Whirlpool currently has a consensus rating of “Hold” and a consensus price target of $106.50.

Institutional Trading of Whirlpool

Several large investors have recently bought and sold shares of WHR. FIFTHDELTA Ltd purchased a new stake in shares of Whirlpool in the 1st quarter valued at $50,986,000. Dimensional Fund Advisors LP boosted its holdings in shares of Whirlpool by 46.8% in 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 during the last quarter. RWWM Inc. purchased a new stake in shares of Whirlpool in the 2nd quarter valued at $30,174,000. Newport Trust Company LLC boosted its holdings in shares of Whirlpool by 23.8% in the 2nd quarter. Newport Trust Company LLC now owns 1,402,941 shares of the company’s stock valued at $143,381,000 after acquiring an additional 269,976 shares during the last quarter. Finally, AQR Capital Management LLC boosted its holdings in shares of Whirlpool by 240.9% in the 2nd quarter. AQR Capital Management LLC now owns 375,613 shares of the company’s stock valued at $38,125,000 after acquiring an additional 265,418 shares during the last quarter. Hedge funds and other institutional investors own 90.78% of the company’s stock.

Whirlpool Company 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.