Burney Co. Decreases Stake in Whirlpool Co. (NYSE:WHR)

Burney Co. lessened its stake in Whirlpool Co. (NYSE:WHR) by 9.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,328 shares of the company’s stock after selling 795 shares during the quarter. Burney Co.’s holdings in Whirlpool were worth $839,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. GAMMA Investing LLC grew its position in Whirlpool by 323.1% during the fourth quarter. GAMMA Investing LLC now owns 275 shares of the company’s stock worth $31,000 after buying an additional 210 shares during the period. Legend Financial Advisors Inc. purchased a new stake in shares of Whirlpool during the 4th quarter worth approximately $34,000. Altshuler Shaham Ltd acquired a new stake in shares of Whirlpool in the 2nd quarter worth approximately $32,000. True Wealth Design LLC increased its stake in Whirlpool by 545.5% in the 3rd quarter. True Wealth Design LLC now owns 355 shares of the company’s stock valued at $38,000 after purchasing an additional 300 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in Whirlpool by 1,010.5% during the second quarter. EverSource Wealth Advisors LLC now owns 422 shares of the company’s stock worth $43,000 after purchasing an additional 384 shares during the last quarter. Institutional investors and hedge funds own 90.78% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on WHR shares. StockNews.com lowered Whirlpool from a “hold” rating to a “sell” rating in a report on Monday. Royal Bank of Canada lowered their price objective on shares of Whirlpool from $76.00 to $74.00 and set an “underperform” rating on the stock in a research note on Friday, October 25th. JPMorgan Chase & Co. lifted their target price on shares of Whirlpool from $103.00 to $109.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. Bank of America increased their price target on shares of Whirlpool from $101.00 to $103.00 and gave the company an “underperform” rating in a research report on Friday, October 25th. Finally, The Goldman Sachs Group lifted their price objective on Whirlpool from $125.00 to $138.00 and gave the stock a “buy” rating in a research report on Tuesday. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Whirlpool has a consensus rating of “Hold” and an average price target of $112.80.

Insider Buying and Selling

In related news, CFO James W. Peters sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $104.48, for a total value of $626,880.00. Following the completion of the sale, the chief financial officer now directly owns 41,570 shares in the company, valued at approximately $4,343,233.60. The trade was a 12.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.05% of the stock is currently owned by company insiders.

Whirlpool Stock Performance

Shares of NYSE WHR opened at $128.88 on Friday. 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 has a market cap of $7.11 billion, a PE ratio of 12.71 and a beta of 1.44. The company has a 50-day simple moving average of $115.66 and a 200-day simple moving average of $106.59. Whirlpool Co. has a 12 month low of $84.18 and a 12 month high of $130.39.

Whirlpool (NYSE:WHR) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $3.43 earnings per share for the quarter, beating the consensus estimate of $2.99 by $0.44. Whirlpool had a return on equity of 21.41% and a net margin of 3.19%. The company had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same period in the previous year, the firm posted $5.45 EPS. Whirlpool’s revenue was down 18.9% on a year-over-year basis. On average, equities analysts anticipate that Whirlpool Co. will post 12.27 earnings per share for the current year.

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.