Quantbot Technologies LP Lowers Stock Holdings in Whirlpool Co. (NYSE:WHR)

Quantbot Technologies LP lessened its position in Whirlpool Co. (NYSE:WHR) by 22.7% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 41,295 shares of the company’s stock after selling 12,116 shares during the quarter. Quantbot Technologies LP’s holdings in Whirlpool were worth $4,940,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Private Trust Co. NA grew its stake in shares of Whirlpool by 190.7% in the fourth quarter. Private Trust Co. NA now owns 282 shares of the company’s stock worth $34,000 after acquiring an additional 185 shares in the last quarter. ORG Partners LLC purchased a new stake in Whirlpool during the 4th quarter worth about $37,000. Salem Investment Counselors Inc. purchased a new stake in Whirlpool during the 1st quarter worth about $45,000. Parallel Advisors LLC raised its position in Whirlpool by 82.5% in the 4th quarter. Parallel Advisors LLC now owns 407 shares of the company’s stock valued at $50,000 after purchasing an additional 184 shares in the last quarter. Finally, Federated Hermes Inc. boosted its stake in shares of Whirlpool by 79.4% in the 4th quarter. Federated Hermes Inc. now owns 436 shares of the company’s stock valued at $53,000 after buying an additional 193 shares during the period. Institutional investors and hedge funds own 90.78% of the company’s stock.

Whirlpool Price Performance

Whirlpool stock traded up $1.44 during mid-day trading on Friday, reaching $109.88. The company had a trading volume of 891,660 shares, compared to its average volume of 1,393,815. The stock’s 50-day simple moving average is $93.62 and its 200-day simple moving average is $104.92. Whirlpool Co. has a 1 year low of $84.18 and a 1 year high of $159.66. The company has a debt-to-equity ratio of 2.56, a current ratio of 0.95 and a quick ratio of 0.58. The company has a market capitalization of $6.00 billion, a P/E ratio of 15.21 and a beta of 1.44.

Whirlpool (NYSE:WHR) last released its quarterly earnings data on Wednesday, April 24th. The company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.17. The firm had revenue of $4.49 billion during the quarter, compared to the consensus estimate of $4.42 billion. Whirlpool had a return on equity of 35.16% and a net margin of 2.07%. Whirlpool’s quarterly revenue was down 3.4% on a year-over-year basis. During the same period last year, the business posted $2.66 EPS. On average, equities analysts predict that Whirlpool Co. will post 12.37 EPS for the current year.

Whirlpool Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, June 15th. Investors of record on Friday, May 17th were given a $1.75 dividend. The ex-dividend date was Thursday, May 16th. This represents a $7.00 annualized dividend and a dividend yield of 6.37%. Whirlpool’s dividend payout ratio is presently 96.42%.

Analyst Ratings Changes

Several research firms have commented on WHR. Royal Bank of Canada lowered their price target on shares of Whirlpool from $85.00 to $79.00 and set an “underperform” rating for the company in a report on Friday, April 26th. Bank of America lifted their price objective on shares of Whirlpool from $63.00 to $75.00 in a research report on Friday, May 17th. Finally, StockNews.com downgraded Whirlpool from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $111.00.

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.