New York State Common Retirement Fund Cuts Holdings in Whirlpool Co. (NYSE:WHR)

New York State Common Retirement Fund decreased its position in Whirlpool Co. (NYSE:WHR) by 5.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 81,689 shares of the company’s stock after selling 4,817 shares during the period. New York State Common Retirement Fund owned 0.15% of Whirlpool worth $9,947,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC increased its position in shares of Whirlpool by 3,554.4% during the fourth quarter. International Assets Investment Management LLC now owns 1,382,430 shares of the company’s stock valued at $168,339,000 after acquiring an additional 1,344,601 shares during the last quarter. Boston Partners raised its stake in shares of Whirlpool by 59.7% during the 3rd quarter. Boston Partners now owns 2,473,047 shares of the company’s stock worth $328,804,000 after purchasing an additional 924,128 shares during the period. Invesco Ltd. boosted its holdings in shares of Whirlpool by 38.3% in the 3rd quarter. Invesco Ltd. now owns 1,954,344 shares of the company’s stock worth $261,296,000 after buying an additional 541,219 shares during the last quarter. Stifel Financial Corp grew its position in Whirlpool by 689.8% during the third quarter. Stifel Financial Corp now owns 454,303 shares of the company’s stock valued at $60,741,000 after buying an additional 396,782 shares during the period. Finally, LPL Financial LLC raised its position in Whirlpool by 339.6% in the third quarter. LPL Financial LLC now owns 132,042 shares of the company’s stock worth $17,654,000 after acquiring an additional 102,008 shares during the period. Institutional investors own 90.78% of the company’s stock.

Whirlpool Trading Down 0.3 %

Whirlpool stock opened at $94.55 on Thursday. The stock has a market cap of $5.17 billion, a P/E ratio of 13.02 and a beta of 1.48. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.58 and a current ratio of 0.95. The firm’s fifty day moving average price is $108.32 and its 200-day moving average price is $112.06. Whirlpool Co. has a fifty-two week low of $91.90 and a fifty-two week high of $160.62.

Whirlpool (NYSE:WHR) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.17. Whirlpool had a net margin of 2.07% and a return on equity of 35.16%. The firm had revenue of $4.49 billion for the quarter, compared to analyst estimates of $4.42 billion. During the same quarter in the prior year, the firm earned $2.66 EPS. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year. Equities research analysts forecast that Whirlpool Co. will post 12.9 earnings per share for the current fiscal year.

Whirlpool Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 15th. Stockholders of record on Friday, May 17th will be paid a dividend of $1.75 per share. The ex-dividend date is Thursday, May 16th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 7.40%. Whirlpool’s dividend payout ratio (DPR) is currently 96.42%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on WHR. Loop Capital initiated coverage on shares of Whirlpool in a research report on Thursday, February 22nd. They set a “buy” rating and a $140.00 target price for the company. TheStreet upgraded Whirlpool from a “d+” rating to a “c+” rating in a research note on Monday, January 29th. JPMorgan Chase & Co. cut their price target on Whirlpool from $120.00 to $111.00 and set a “neutral” rating for the company in a research note on Friday, February 2nd. StockNews.com cut Whirlpool from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. Finally, Royal Bank of Canada reduced their target price on shares of Whirlpool from $85.00 to $79.00 and set an “underperform” rating for the company in a research note on Friday, April 26th. One equities research 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. Based on data from MarketBeat.com, Whirlpool has a consensus rating of “Hold” and an average price target of $113.40.

Whirlpool Company 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.