Retirement Systems of Alabama Sells 751 Shares of Whirlpool Co. (NYSE:WHR)

Retirement Systems of Alabama decreased its position in shares of Whirlpool Co. (NYSE:WHR) by 1.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 66,683 shares of the company’s stock after selling 751 shares during the period. Retirement Systems of Alabama owned approximately 0.12% of Whirlpool worth $7,135,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC increased its position in Whirlpool by 33.3% in the second quarter. SG Americas Securities LLC now owns 2,725 shares of the company’s stock worth $278,000 after purchasing an additional 681 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of Whirlpool by 9.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 17,699 shares of the company’s stock valued at $1,809,000 after acquiring an additional 1,458 shares during the last quarter. Dakota Wealth Management grew its position in Whirlpool by 11.1% in the second quarter. Dakota Wealth Management now owns 7,250 shares of the company’s stock worth $741,000 after acquiring an additional 725 shares in the last quarter. Rockland Trust Co. increased its stake in Whirlpool by 2.7% during the second quarter. Rockland Trust Co. now owns 7,839 shares of the company’s stock worth $801,000 after acquiring an additional 205 shares during the last quarter. Finally, My Legacy Advisors LLC purchased a new stake in Whirlpool during the second quarter valued at approximately $244,000. 90.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Whirlpool

In other Whirlpool 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 transaction of $626,880.00. Following the sale, the chief financial officer now owns 41,570 shares of the company’s stock, valued at approximately $4,343,233.60. The trade was a 12.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 2.05% of the company’s stock.

Whirlpool Stock Performance

WHR stock opened at $120.29 on Wednesday. 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 Co. has a 1-year low of $84.18 and a 1-year high of $126.30. The business has a 50-day moving average price of $110.20 and a 200 day moving average price of $102.88. The company has a market capitalization of $6.63 billion, a P/E ratio of 11.86 and a beta of 1.46.

Whirlpool (NYSE:WHR) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $3.43 EPS for the quarter, topping analysts’ consensus estimates of $2.99 by $0.44. The company had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $4.09 billion. Whirlpool had a net margin of 3.19% and a return on equity of 21.41%. 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 firm posted $5.45 earnings per share. As a group, equities research analysts forecast that Whirlpool Co. will post 12.27 EPS for the current fiscal year.

Whirlpool Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Sunday, December 15th. Stockholders of record on Friday, November 15th were issued a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a dividend yield of 5.82%. The ex-dividend date was Friday, November 15th. Whirlpool’s dividend payout ratio is currently 69.03%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on WHR shares. Bank of America increased their price target on Whirlpool from $101.00 to $103.00 and gave the company an “underperform” rating in a report on Friday, October 25th. JPMorgan Chase & Co. increased their price objective 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. Finally, Royal Bank of Canada dropped their target price on Whirlpool from $76.00 to $74.00 and set an “underperform” rating for the company in a research report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $106.50.

Whirlpool 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.