Toronto Dominion Bank Trims Holdings in Whirlpool Co. (NYSE:WHR)

Posted by Defense World Staff on Sep 3rd, 2023

Toronto Dominion Bank lessened its holdings in shares of Whirlpool Co. (NYSE:WHR – Free Report) by 6.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,819 shares of the company’s stock after selling 2,002 shares during the period. Toronto Dominion Bank’s holdings in Whirlpool were worth $3,539,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Rothschild Investment Corp IL increased its holdings in Whirlpool by 65.5% during the 1st quarter. Rothschild Investment Corp IL now owns 5,117 shares of the company’s stock valued at $676,000 after purchasing an additional 2,025 shares during the period. Commonwealth Equity Services LLC boosted its position in Whirlpool by 1.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 26,303 shares of the company’s stock valued at $3,720,000 after acquiring an additional 303 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in Whirlpool by 7.3% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 181,557 shares of the company’s stock valued at $23,969,000 after acquiring an additional 12,333 shares in the last quarter. Brown Brothers Harriman & Co. boosted its position in Whirlpool by 777.4% during the 1st quarter. Brown Brothers Harriman & Co. now owns 272 shares of the company’s stock valued at $36,000 after acquiring an additional 241 shares in the last quarter. Finally, Meeder Asset Management Inc. boosted its position in Whirlpool by 181.6% during the 4th quarter. Meeder Asset Management Inc. now owns 39,990 shares of the company’s stock valued at $5,657,000 after acquiring an additional 25,788 shares in the last quarter. Hedge funds and other institutional investors own 90.89% of the company’s stock.

Whirlpool Stock Performance

Shares of WHR opened at $141.95 on Friday. The stock has a market cap of $7.78 billion, a P/E ratio of -4.99, a P/E/G ratio of 1.06 and a beta of 1.53. Whirlpool Co. has a 52 week low of $124.10 and a 52 week high of $163.15. The company has a quick ratio of 0.52, a current ratio of 0.87 and a debt-to-equity ratio of 2.92. The business’s 50 day moving average price is $144.34 and its 200-day moving average price is $138.81.

Whirlpool (NYSE:WHR – Get Free Report) last released its quarterly earnings data on Monday, July 24th. The company reported $4.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.76 by $0.45. The business had revenue of $4.79 billion for the quarter, compared to analysts’ expectations of $4.81 billion. Whirlpool had a positive return on equity of 29.70% and a negative net margin of 8.13%. The firm’s quarterly revenue was down 6.0% on a year-over-year basis. During the same period in the prior year, the firm posted $5.97 EPS. Equities research analysts anticipate that Whirlpool Co. will post 16.47 earnings per share for the current fiscal year.

Whirlpool Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be given a $1.75 dividend. The ex-dividend date is Thursday, August 24th. This represents a $7.00 annualized dividend and a yield of 4.93%. Whirlpool’s dividend payout ratio (DPR) is presently -24.59%.

Analysts Set New Price Targets

WHR has been the topic of several research reports. Royal Bank of Canada lifted their price objective on Whirlpool from $118.00 to $121.00 in a research report on Wednesday, July 26th. Bank of America cut their price objective on Whirlpool from $90.00 to $87.00 in a research report on Tuesday, July 18th. Credit Suisse Group reissued a “neutral” rating and issued a $150.00 price target on shares of Whirlpool in a research report on Tuesday, July 25th. Finally, StockNews.com assumed coverage on Whirlpool in a research report on Thursday, August 17th. They issued a “hold” rating on the stock. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $131.00.

Read Our Latest Stock Analysis on WHR

Insider Activity at Whirlpool

In related news, CFO James W. Peters sold 6,000 shares of the company’s stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $143.12, for a total value of $858,720.00. Following the transaction, the chief financial officer now directly owns 40,764 shares of the company’s stock, valued at approximately $5,834,143.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Whirlpool news, CEO Marc R. Bitzer sold 20,000 shares of the business’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $143.18, for a total transaction of $2,863,600.00. Following the completion of the sale, the chief executive officer now directly owns 138,583 shares in the company, valued at approximately $19,842,313.94. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO James W. Peters sold 6,000 shares of the business’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $143.12, for a total transaction of $858,720.00. Following the sale, the chief financial officer now owns 40,764 shares of the company’s stock, valued at $5,834,143.68. The disclosure for this sale can be found here. 1.85% of the stock is currently owned by insiders.

About Whirlpool

(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.