Daymark Wealth Partners LLC Has $1.74 Million Position in Whirlpool Co. (NYSE:WHR)

Daymark Wealth Partners LLC reduced its stake in shares of Whirlpool Co. (NYSE:WHRFree Report) by 27.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,302 shares of the company’s stock after selling 5,291 shares during the period. Daymark Wealth Partners LLC’s holdings in Whirlpool were worth $1,742,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Resurgent Financial Advisors LLC purchased a new position in shares of Whirlpool during the 2nd quarter valued at $25,000. Geneos Wealth Management Inc. boosted its holdings in Whirlpool by 96.2% in the first quarter. Geneos Wealth Management Inc. now owns 204 shares of the company’s stock worth $35,000 after purchasing an additional 100 shares in the last quarter. Park Place Capital Corp bought a new stake in Whirlpool in the third quarter worth $29,000. Global Retirement Partners LLC boosted its holdings in Whirlpool by 160.0% in the third quarter. Global Retirement Partners LLC now owns 221 shares of the company’s stock worth $28,000 after purchasing an additional 136 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in Whirlpool in the fourth quarter worth $32,000. 90.89% of the stock is currently owned by hedge funds and other institutional investors.

Whirlpool Price Performance

Shares of Whirlpool stock opened at $105.12 on Monday. The company has a current ratio of 0.89, a quick ratio of 0.57 and a debt-to-equity ratio of 2.53. The stock has a market capitalization of $5.74 billion, a price-to-earnings ratio of 12.07 and a beta of 1.47. Whirlpool Co. has a 1-year low of $98.40 and a 1-year high of $160.62. The firm’s 50-day moving average price is $110.70 and its two-hundred day moving average price is $117.56.

Whirlpool (NYSE:WHRGet Free Report) last issued its quarterly earnings data on Tuesday, January 30th. The company reported $3.85 earnings per share for the quarter, topping the consensus estimate of $3.53 by $0.32. The firm had revenue of $5.09 billion for the quarter, compared to analysts’ expectations of $4.98 billion. Whirlpool had a net margin of 2.47% and a return on equity of 38.67%. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.89 earnings per share. On average, equities analysts predict that Whirlpool Co. will post 13.64 earnings per share for the current fiscal year.

Whirlpool Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a dividend of $1.75 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $7.00 annualized dividend and a dividend yield of 6.66%. Whirlpool’s dividend payout ratio (DPR) is currently 80.37%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on WHR. JPMorgan Chase & Co. decreased their price target on shares of Whirlpool from $120.00 to $111.00 and set a “neutral” rating for the company in a report on Friday, February 2nd. Loop Capital began coverage on shares of Whirlpool in a research report on Thursday, February 22nd. They set a “buy” rating and a $140.00 price objective for the company. Royal Bank of Canada cut their price objective on shares of Whirlpool from $92.00 to $85.00 and set an “underperform” rating for the company in a research report on Wednesday, January 31st. TheStreet raised shares of Whirlpool from a “d+” rating to a “c+” rating in a research report on Monday, January 29th. Finally, StockNews.com raised shares of Whirlpool from a “hold” rating to a “buy” rating in a research report on Tuesday, February 27th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $122.17.

Read Our Latest Analysis on Whirlpool

About Whirlpool

(Free Report)

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.

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Institutional Ownership by Quarter for Whirlpool (NYSE:WHR)

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