Whirlpool Co. (NYSE:WHR) Shares Sold by DAVENPORT & Co LLC

DAVENPORT & Co LLC cut its holdings in Whirlpool Co. (NYSE:WHR) by 23.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,765 shares of the company’s stock after selling 545 shares during the quarter. DAVENPORT & Co LLC’s holdings in Whirlpool were worth $215,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Whirlpool by 0.4% in the third quarter. Vanguard Group Inc. now owns 6,536,414 shares of the company’s stock valued at $873,919,000 after acquiring an additional 25,740 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Whirlpool by 30.1% in the first quarter. BlackRock Inc. now owns 6,001,651 shares of the company’s stock valued at $792,338,000 after acquiring an additional 1,389,657 shares in the last quarter. State Street Corp boosted its holdings in Whirlpool by 2.4% during the second quarter. State Street Corp now owns 3,140,080 shares of the company’s stock worth $467,213,000 after buying an additional 72,732 shares in the last quarter. Boston Partners boosted its holdings in Whirlpool by 59.7% during the third quarter. Boston Partners now owns 2,473,047 shares of the company’s stock worth $328,804,000 after buying an additional 924,128 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in Whirlpool by 38.3% during the third quarter. Invesco Ltd. now owns 1,954,344 shares of the company’s stock worth $261,296,000 after buying an additional 541,219 shares in the last quarter. 90.78% of the stock is currently owned by institutional investors and hedge funds.

Whirlpool Stock Performance

NYSE:WHR opened at $111.34 on Friday. The firm has a 50 day simple moving average of $110.41 and a 200-day simple moving average of $114.77. The company has a debt-to-equity ratio of 2.53, a current ratio of 0.89 and a quick ratio of 0.57. The firm has a market cap of $6.08 billion, a PE ratio of 12.78 and a beta of 1.48. Whirlpool Co. has a 1-year low of $98.40 and a 1-year high of $160.62.

Whirlpool (NYSE:WHR) last posted its quarterly earnings data on Tuesday, January 30th. The company reported $3.85 earnings per share for the quarter, beating analysts’ consensus estimates of $3.53 by $0.32. The business had revenue of $5.09 billion during the quarter, compared to analyst estimates of $4.98 billion. Whirlpool had a net margin of 2.47% and a return on equity of 38.67%. The company’s revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.89 earnings per share. On average, equities analysts expect that Whirlpool Co. will post 13.64 EPS for the current year.

Whirlpool Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a dividend of $1.75 per share. This represents a $7.00 annualized dividend and a yield of 6.29%. The ex-dividend date was Thursday, February 29th. Whirlpool’s dividend payout ratio (DPR) is 80.37%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on WHR shares. JPMorgan Chase & Co. decreased their price objective on shares of Whirlpool from $120.00 to $111.00 and set a “neutral” rating on the stock in a report on Friday, February 2nd. Royal Bank of Canada decreased their price objective on shares of Whirlpool from $92.00 to $85.00 and set an “underperform” rating on the stock in a report on Wednesday, January 31st. StockNews.com raised shares of Whirlpool from a “hold” rating to a “buy” rating in a report on Tuesday, February 27th. Loop Capital initiated coverage on shares of Whirlpool in a report on Thursday, February 22nd. They issued a “buy” rating and a $140.00 price target on the stock. Finally, TheStreet raised shares of Whirlpool from a “d+” rating to a “c+” rating in a report on Monday, January 29th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $114.60.

About Whirlpool

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.