Whirlpool Co. (NYSE:WHR) Shares Bought by Bank & Trust Co

Bank & Trust Co grew its stake in Whirlpool Co. (NYSE:WHR) by 78.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 3,134 shares of the company’s stock after buying an additional 1,380 shares during the quarter. Bank & Trust Co’s holdings in Whirlpool were worth $282,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brown Lisle Cummings Inc. purchased a new position in Whirlpool in the fourth quarter worth approximately $27,000. SBI Securities Co. Ltd. acquired a new stake in shares of Whirlpool in the 4th quarter valued at $30,000. Nemes Rush Group LLC lifted its position in shares of Whirlpool by 79.1% during the 4th quarter. Nemes Rush Group LLC now owns 274 shares of the company’s stock worth $31,000 after purchasing an additional 121 shares during the last quarter. Bogart Wealth LLC grew its stake in shares of Whirlpool by 113.6% during the fourth quarter. Bogart Wealth LLC now owns 282 shares of the company’s stock worth $32,000 after purchasing an additional 150 shares in the last quarter. Finally, HHM Wealth Advisors LLC increased its holdings in Whirlpool by 216.0% in the fourth quarter. HHM Wealth Advisors LLC now owns 316 shares of the company’s stock valued at $36,000 after buying an additional 216 shares during the last quarter. 90.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. JPMorgan Chase & Co. decreased their price target on Whirlpool from $109.00 to $89.00 and set a “neutral” rating for the company in a report on Monday, April 28th. Wall Street Zen cut Whirlpool from a “hold” rating to a “sell” rating in a research note on Friday, April 25th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Whirlpool currently has a consensus rating of “Hold” and a consensus price target of $101.00.

Whirlpool Price Performance

Shares of NYSE:WHR opened at $78.58 on Tuesday. Whirlpool Co. has a 12 month low of $73.72 and a 12 month high of $135.49. The firm has a market capitalization of $4.37 billion, a P/E ratio of -13.41 and a beta of 1.20. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.72 and a quick ratio of 0.44. The company’s fifty day moving average price is $80.76 and its 200 day moving average price is $99.84.

Whirlpool (NYSE:WHR) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.03. Whirlpool had a positive return on equity of 21.89% and a negative net margin of 1.95%. The company had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.67 billion. During the same quarter last year, the company posted $1.78 earnings per share. The business’s quarterly revenue was down 19.4% compared to the same quarter last year. As a group, sell-side analysts predict that Whirlpool Co. will post 9.52 earnings per share for the current fiscal year.

Whirlpool Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 15th. Stockholders of record on Friday, May 16th will be issued a $1.75 dividend. The ex-dividend date is Friday, May 16th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 8.91%. Whirlpool’s payout ratio is 5,000.00%.

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.