Russell Investments Group Ltd. Sells 17,707 Shares of Whirlpool Co. (NYSE:WHR)

Russell Investments Group Ltd. reduced its position in Whirlpool Co. (NYSE:WHR - Free Report) by 7.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 226,653 shares of the company's stock after selling 17,707 shares during the period. Russell Investments Group Ltd. owned about 0.41% of Whirlpool worth $25,947,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in WHR. Captrust Financial Advisors boosted its stake in Whirlpool by 17.7% in the 3rd quarter. Captrust Financial Advisors now owns 3,536 shares of the company's stock worth $378,000 after buying an additional 532 shares during the last quarter. IHT Wealth Management LLC acquired a new stake in shares of Whirlpool in the third quarter worth approximately $224,000. Quantinno Capital Management LP purchased a new stake in Whirlpool in the third quarter valued at approximately $449,000. State Street Corp increased its position in Whirlpool by 1.0% during the third quarter. State Street Corp now owns 1,650,386 shares of the company's stock worth $176,591,000 after purchasing an additional 15,752 shares during the last quarter. Finally, National Bank of Canada FI raised its stake in Whirlpool by 21.0% during the third quarter. National Bank of Canada FI now owns 3,762 shares of the company's stock worth $403,000 after purchasing an additional 653 shares during the period. Hedge funds and other institutional investors own 90.78% of the company's stock.

Wall Street Analyst Weigh In

WHR has been the subject of a number of research analyst reports. StockNews.com upgraded Whirlpool from a "sell" rating to a "hold" rating in a report on Tuesday, January 21st. The Goldman Sachs Group raised their price objective on Whirlpool from $125.00 to $138.00 and gave the stock a "buy" rating in a report on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $106.00.

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Whirlpool Stock Down 0.1 %

Shares of Whirlpool stock traded down $0.07 during midday trading on Monday, hitting $81.19. The company's stock had a trading volume of 216,642 shares, compared to its average volume of 1,127,214. The firm has a market capitalization of $4.50 billion, a P/E ratio of -13.85 and a beta of 1.31. Whirlpool Co. has a 1-year low of $75.04 and a 1-year high of $135.49. The company has a quick ratio of 0.44, a current ratio of 0.72 and a debt-to-equity ratio of 1.62. The stock has a 50-day simple moving average of $94.60 and a 200-day simple moving average of $106.68.

Whirlpool (NYSE:WHR - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $4.57 earnings per share for the quarter, topping analysts' consensus estimates 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 prior year, the firm posted $3.85 earnings per share. As a group, sell-side analysts expect that Whirlpool Co. will post 9.52 earnings per share for the current year.

Whirlpool Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Friday, February 28th were given a $1.75 dividend. This represents a $7.00 annualized dividend and a dividend yield of 8.62%. The ex-dividend date of this dividend was Friday, February 28th. Whirlpool's dividend payout ratio is currently -119.45%.

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.