Whirlpool (NYSE:WHR) Shares Down 4% - Should You Sell?

Whirlpool Co. (NYSE:WHR - Get Free Report)'s stock price dropped 4% on Friday . The stock traded as low as $105.92 and last traded at $105.92. Approximately 406,555 shares were traded during trading, a decline of 66% from the average daily volume of 1,195,922 shares. The stock had previously closed at $110.37.

Analysts Set New Price Targets

Several brokerages have recently issued reports on WHR. Bank of America raised their target price on Whirlpool from $101.00 to $103.00 and gave the company an "underperform" rating in a research report on Friday. Royal Bank of Canada decreased their target price on Whirlpool from $76.00 to $74.00 and set an "underperform" rating for the company in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Whirlpool currently has a consensus rating of "Hold" and a consensus price target of $107.00.

Whirlpool Trading Down 5.7 %

The firm has a fifty day moving average of $102.00 and a two-hundred day moving average of $98.88. The company has a market cap of $5.71 billion, a PE ratio of 10.76 and a beta of 1.44. The company has a current ratio of 0.96, a quick ratio of 0.58 and a debt-to-equity ratio of 1.88.

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, topping the consensus estimate of $2.99 by $0.44. Whirlpool had a return on equity of 27.67% and a net margin of 2.89%. 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 firm posted $5.45 EPS. The firm's revenue for the quarter was down 18.9% on a year-over-year basis. As a group, sell-side analysts predict that Whirlpool Co. will post 11.24 EPS for the current year.

Whirlpool Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Friday, November 15th will be paid a $1.75 dividend. The ex-dividend date is Friday, November 15th. This represents a $7.00 annualized dividend and a yield of 6.73%. Whirlpool's dividend payout ratio is currently 72.39%.

Insiders Place Their Bets

In other Whirlpool news, EVP Juan Carlos Puente sold 3,266 shares of the firm's stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $100.00, for a total value of $326,600.00. Following the completion of the transaction, the executive vice president now owns 19,070 shares in the company, valued at $1,907,000. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.05% of the stock is owned by corporate insiders.

Institutional Trading of Whirlpool

Large investors have recently modified their holdings of the business. SouthState Corp bought a new stake in shares of Whirlpool during the 2nd quarter valued at about $28,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Whirlpool during the 2nd quarter valued at about $32,000. Altshuler Shaham Ltd bought a new stake in shares of Whirlpool during the 2nd quarter valued at about $32,000. EverSource Wealth Advisors LLC boosted its position in shares of Whirlpool by 1,010.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 422 shares of the company's stock valued at $43,000 after acquiring an additional 384 shares during the last quarter. Finally, UMB Bank n.a. boosted its position in shares of Whirlpool by 80.6% during the 2nd quarter. UMB Bank n.a. now owns 428 shares of the company's stock valued at $44,000 after acquiring an additional 191 shares during the last quarter. Institutional investors own 90.78% of the company's stock.

About Whirlpool

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.