New York State Common Retirement Fund Sells 2,500 Shares of Whirlpool Co. (NYSE:WHR)

New York State Common Retirement Fund trimmed its stake in Whirlpool Co. (NYSE:WHR - Free Report) by 9.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,655 shares of the company's stock after selling 2,500 shares during the period. New York State Common Retirement Fund's holdings in Whirlpool were worth $2,708,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in Whirlpool in the 4th quarter worth approximately $318,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of Whirlpool in the fourth quarter worth $482,000. Sanctuary Advisors LLC raised its position in shares of Whirlpool by 4.2% during the 4th quarter. Sanctuary Advisors LLC now owns 8,306 shares of the company's stock valued at $900,000 after purchasing an additional 331 shares during the period. Americana Partners LLC lifted its stake in shares of Whirlpool by 3.1% during the 4th quarter. Americana Partners LLC now owns 9,482 shares of the company's stock valued at $1,085,000 after buying an additional 287 shares in the last quarter. Finally, Allworth Financial LP boosted its holdings in Whirlpool by 17.3% in the 4th quarter. Allworth Financial LP now owns 664 shares of the company's stock worth $76,000 after buying an additional 98 shares during the period. 90.78% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. StockNews.com upgraded Whirlpool from a "sell" rating to a "hold" rating in a research report on Tuesday, January 21st. The Goldman Sachs Group boosted their price target on Whirlpool from $125.00 to $138.00 and gave the stock a "buy" rating in a report on Tuesday, January 14th. Two investment 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. According to MarketBeat, Whirlpool presently has an average rating of "Hold" and an average target price of $106.00.

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Whirlpool Price Performance

Shares of Whirlpool stock traded up $0.91 during trading on Wednesday, reaching $91.62. 1,296,041 shares of the stock traded hands, compared to its average volume of 1,093,043. Whirlpool Co. has a 52-week low of $84.18 and a 52-week high of $135.49. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.72 and a quick ratio of 0.44. The business has a fifty day simple moving average of $112.27 and a two-hundred day simple moving average of $108.80. The company has a market capitalization of $5.07 billion, a price-to-earnings ratio of -15.64 and a beta of 1.43.

Whirlpool (NYSE:WHR - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The company reported $4.57 earnings per share for the quarter, beating the consensus estimate of $4.26 by $0.31. Whirlpool had a positive return on equity of 21.89% and a negative net margin of 1.95%. During the same quarter in the previous year, the firm posted $3.85 earnings per share. Sell-side analysts expect that Whirlpool Co. will post 9.52 EPS for the current year.

Whirlpool Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 15th. Investors of record on Friday, February 28th will be given a $1.75 dividend. This represents a $7.00 annualized dividend and a yield of 7.64%. The ex-dividend date is Friday, February 28th. Whirlpool's dividend payout ratio is presently -119.45%.

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.