Sei Investments Co. Sells 29,290 Shares of Whirlpool Co. (NYSE:WHR)

Sei Investments Co. trimmed its holdings in Whirlpool Co. (NYSE:WHR - Free Report) by 62.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,934 shares of the company's stock after selling 29,290 shares during the period. Sei Investments Co.'s holdings in Whirlpool were worth $2,053,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Savant Capital LLC lifted its holdings in shares of Whirlpool by 3.8% during the 4th quarter. Savant Capital LLC now owns 2,406 shares of the company's stock worth $275,000 after acquiring an additional 89 shares during the period. Allworth Financial LP raised its position in Whirlpool by 17.3% during the 4th quarter. Allworth Financial LP now owns 664 shares of the company's stock worth $76,000 after purchasing an additional 98 shares during the last quarter. Westside Investment Management Inc. lifted its stake in shares of Whirlpool by 4.5% in the third quarter. Westside Investment Management Inc. now owns 2,345 shares of the company's stock worth $251,000 after acquiring an additional 100 shares during the period. Louisiana State Employees Retirement System boosted its holdings in Whirlpool by 0.7% in the fourth quarter. Louisiana State Employees Retirement System now owns 15,300 shares of the company's stock valued at $1,752,000 after acquiring an additional 100 shares during the last quarter. Finally, State of Michigan Retirement System increased its position in Whirlpool by 0.8% during the 4th quarter. State of Michigan Retirement System now owns 13,100 shares of the company's stock valued at $1,500,000 after purchasing an additional 100 shares during the period. 90.78% of the stock is currently owned by institutional investors.

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Whirlpool Stock Down 5.1 %

Shares of NYSE WHR traded down $4.38 during trading on Thursday, hitting $80.89. 1,624,512 shares of the company traded hands, compared to its average volume of 1,063,376. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.44 and a current ratio of 0.72. The business's fifty day moving average is $94.99 and its 200 day moving average is $106.83. The firm has a market capitalization of $4.48 billion, a price-to-earnings ratio of -13.80 and a beta of 1.31. Whirlpool Co. has a fifty-two week low of $75.04 and a fifty-two week high of $135.49.

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 company posted $3.85 EPS. Equities research analysts predict that Whirlpool Co. will post 9.52 earnings per share for the current fiscal year.

Whirlpool Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Friday, February 28th were given a $1.75 dividend. This represents a $7.00 annualized dividend and a yield of 8.65%. The ex-dividend date of this dividend was Friday, February 28th. Whirlpool's payout ratio is currently -119.45%.

Analysts Set New Price Targets

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

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.