Whirlpool Co. (NYSE:WHR) Shares Sold by CENTRAL TRUST Co

CENTRAL TRUST Co lowered its position in Whirlpool Co. (NYSE:WHR – Free Report) by 12.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 942 shares of the company’s stock after selling 140 shares during the period. CENTRAL TRUST Co’s holdings in Whirlpool were worth $124,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of WHR. Acadian Asset Management LLC grew its holdings in Whirlpool by 14.7% during the 1st quarter. Acadian Asset Management LLC now owns 3,228 shares of the company’s stock valued at $557,000 after buying an additional 414 shares during the last quarter. MetLife Investment Management LLC grew its holdings in Whirlpool by 19.4% during the 1st quarter. MetLife Investment Management LLC now owns 16,019 shares of the company’s stock valued at $2,768,000 after buying an additional 2,599 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Whirlpool by 3.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 7,894 shares of the company’s stock valued at $1,364,000 after buying an additional 270 shares during the last quarter. Yousif Capital Management LLC grew its holdings in Whirlpool by 2.4% during the 1st quarter. Yousif Capital Management LLC now owns 11,256 shares of the company’s stock valued at $1,945,000 after buying an additional 260 shares during the last quarter. Finally, Cibc World Market Inc. grew its holdings in Whirlpool by 13.4% during the 1st quarter. Cibc World Market Inc. now owns 3,677 shares of the company’s stock valued at $635,000 after buying an additional 435 shares during the last quarter. Institutional investors and hedge funds own 89.04% of the company’s stock.

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Whirlpool Price Performance

Shares of NYSE WHR opened at $149.16 on Tuesday. Whirlpool Co. has a 12-month low of $124.10 and a 12-month high of $178.05. The company has a current ratio of 1.02, a quick ratio of 0.63 and a debt-to-equity ratio of 3.30. The stock has a fifty day moving average price of $138.42 and a 200 day moving average price of $140.07.

Whirlpool (NYSE:WHR – Free Report) last announced its quarterly earnings results on Monday, April 24th. The company reported $2.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.14 by $0.52. Whirlpool had a positive return on equity of 28.28% and a negative net margin of 10.34%. The firm had revenue of $4.65 billion during the quarter, compared to the consensus estimate of $4.50 billion. During the same period in the prior year, the firm earned $5.31 EPS. The firm’s quarterly revenue was down 5.5% compared to the same quarter last year. On average, analysts expect that Whirlpool Co. will post 16.42 EPS for the current fiscal year.

Whirlpool Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Friday, May 19th were issued a $1.75 dividend. The ex-dividend date of this dividend was Thursday, May 18th. This represents a $7.00 annualized dividend and a yield of 4.69%. Whirlpool’s dividend payout ratio is currently -19.10%.

Analyst Ratings Changes

A number of brokerages have weighed in on WHR. StockNews.com began coverage on Whirlpool in a research note on Thursday, May 18th. They set a “hold” rating on the stock. The Goldman Sachs Group raised Whirlpool from a “neutral” rating to a “buy” rating and reduced their price target for the stock from $170.00 to $160.00 in a research note on Tuesday, April 11th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Whirlpool presently has a consensus rating of “Hold” and an average price target of $136.80.

Insider Activity at Whirlpool

In other news, EVP Juan Carlos Puente sold 420 shares of the firm’s stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $134.16, for a total transaction of $56,347.20. Following the completion of the sale, the executive vice president now directly owns 17,699 shares in the company, valued at $2,374,497.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.85% of the stock is owned by insiders.

Whirlpool Profile

(Free Report)

Whirlpool Corporation manufactures and markets home appliances and related products and services in 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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