Whirlpool Co. (NYSE:WHR) CFO Sells $626,880.00 in Stock

Whirlpool Co. (NYSE:WHR - Get Free Report) CFO James W. Peters sold 6,000 shares of Whirlpool stock in a transaction on Monday, October 28th. The stock was sold at an average price of $104.48, for a total transaction of $626,880.00. Following the completion of the transaction, the chief financial officer now directly owns 41,570 shares of the company's stock, valued at $4,343,233.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Whirlpool Trading Down 1.0 %

WHR traded down $1.02 on Tuesday, reaching $102.69. 742,606 shares of the company traded hands, compared to its average volume of 1,198,504. Whirlpool Co. has a one year low of $84.18 and a one year high of $125.68. The firm has a fifty day simple moving average of $102.16 and a two-hundred day simple moving average of $98.62. The company has a market cap of $5.66 billion, a P/E ratio of 10.24 and a beta of 1.44. The company has a quick ratio of 0.55, a current ratio of 0.94 and a debt-to-equity ratio of 1.94.

Whirlpool (NYSE:WHR - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $3.43 earnings per share for the quarter, beating analysts' consensus estimates of $2.99 by $0.44. Whirlpool had a net margin of 3.19% and a return on equity of 21.41%. The company had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same quarter last year, the business posted $5.45 EPS. The firm's revenue for the quarter was down 18.9% on a year-over-year basis. As a group, equities research analysts expect that Whirlpool Co. will post 12 earnings per share for the current year.

Whirlpool Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Friday, November 15th will be issued a dividend of $1.75 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $7.00 dividend on an annualized basis and a yield of 6.82%. Whirlpool's payout ratio is 69.03%.

Institutional Investors Weigh In On Whirlpool

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WHR. SouthState Corp bought a new stake in shares of Whirlpool in the 2nd quarter valued at about $28,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Whirlpool in the 2nd quarter valued at about $32,000. Altshuler Shaham Ltd bought a new stake in shares of Whirlpool in the 2nd quarter valued at about $32,000. EverSource Wealth Advisors LLC raised its holdings in shares of Whirlpool by 1,010.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 422 shares of the company's stock valued at $43,000 after purchasing an additional 384 shares in the last quarter. Finally, UMB Bank n.a. raised its holdings in shares of Whirlpool by 80.6% in the 2nd quarter. UMB Bank n.a. now owns 428 shares of the company's stock valued at $44,000 after purchasing an additional 191 shares in the last quarter. Institutional investors own 90.78% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on WHR shares. JPMorgan Chase & Co. lifted their price target on shares of Whirlpool from $103.00 to $109.00 and gave the stock a "neutral" rating in a research note on Tuesday. Bank of America lifted their price target on shares of Whirlpool from $101.00 to $103.00 and gave the stock an "underperform" rating in a research note on Friday. Finally, Royal Bank of Canada dropped their price target on shares of Whirlpool from $76.00 to $74.00 and set an "underperform" rating for the company in a research note on Friday. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $106.50.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.