Bank & Trust Co Sells 185 Shares of Whirlpool Co. (NYSE:WHR)

Bank & Trust Co lowered its stake in shares of Whirlpool Co. (NYSE:WHR) by 9.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,754 shares of the company’s stock after selling 185 shares during the period. Bank & Trust Co’s holdings in Whirlpool were worth $201,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. GAMMA Investing LLC grew its stake in Whirlpool by 323.1% in the fourth quarter. GAMMA Investing LLC now owns 275 shares of the company’s stock valued at $31,000 after purchasing an additional 210 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in Whirlpool during the second quarter valued at approximately $32,000. Altshuler Shaham Ltd acquired a new position in shares of Whirlpool during the second quarter worth $32,000. True Wealth Design LLC lifted its holdings in shares of Whirlpool by 545.5% during 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 during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Whirlpool by 1,010.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 422 shares of the company’s stock worth $43,000 after purchasing an additional 384 shares in the last quarter. Institutional investors own 90.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Royal Bank of Canada reduced their target price on Whirlpool from $76.00 to $74.00 and set an “underperform” rating for the company in a research note on Friday, October 25th. JPMorgan Chase & Co. lifted their target price on Whirlpool from $103.00 to $109.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Finally, Bank of America increased their price target on shares of Whirlpool from $101.00 to $103.00 and gave the stock an “underperform” rating in a report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $106.50.

Whirlpool Stock Performance

WHR stock traded down $0.66 during trading on Tuesday, hitting $114.23. 142,351 shares of the company traded hands, compared to its average volume of 471,595. Whirlpool Co. has a 1 year low of $84.18 and a 1 year high of $126.30. The company has a market cap of $6.30 billion, a PE ratio of 11.27 and a beta of 1.44. The stock’s 50-day simple moving average is $113.21 and its 200 day simple moving average is $105.34. The company has a debt-to-equity ratio of 1.94, a current ratio of 0.94 and a quick ratio of 0.55.

Whirlpool (NYSE:WHR) last announced 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. The firm had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.09 billion. Whirlpool had a return on equity of 21.41% and a net margin of 3.19%. Whirlpool’s revenue for the quarter was down 18.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.45 EPS. On average, equities analysts expect that Whirlpool Co. will post 12.27 earnings per share for the current fiscal year.

Whirlpool Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, December 15th. Investors of record on Friday, November 15th were issued a $1.75 dividend. This represents a $7.00 annualized dividend and a yield of 6.13%. The ex-dividend date of this dividend was Friday, November 15th. Whirlpool’s payout ratio is 69.03%.

Insider Transactions at Whirlpool

In related news, CFO James W. Peters sold 6,000 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was 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 owns 41,570 shares of the company’s stock, valued at approximately $4,343,233.60. This trade represents 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 this link. Corporate insiders own 2.05% 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.