Amalgamated Bank Decreases Stake in Whirlpool Co. (NYSE:WHR)

Amalgamated Bank decreased its position in shares of Whirlpool Co. (NYSE:WHR - Free Report) by 23.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,081 shares of the company's stock after selling 7,907 shares during the period. Amalgamated Bank's holdings in Whirlpool were worth $2,791,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Primecap Management Co. CA boosted its holdings in Whirlpool by 1.8% during the 2nd quarter. Primecap Management Co. CA now owns 4,858,250 shares of the company's stock valued at $496,513,000 after acquiring an additional 84,574 shares during the period. Newport Trust Company LLC boosted its holdings in Whirlpool by 23.8% during the 2nd quarter. Newport Trust Company LLC now owns 1,402,941 shares of the company's stock valued at $143,381,000 after acquiring an additional 269,976 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Whirlpool by 46.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 981,472 shares of the company's stock valued at $100,304,000 after acquiring an additional 312,729 shares during the period. Deprince Race & Zollo Inc. boosted its holdings in Whirlpool by 84.4% during the 2nd quarter. Deprince Race & Zollo Inc. now owns 532,466 shares of the company's stock valued at $54,418,000 after acquiring an additional 243,743 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in Whirlpool by 1.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 462,308 shares of the company's stock valued at $47,248,000 after acquiring an additional 8,244 shares during the period. 90.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Whirlpool

In other Whirlpool news, EVP Juan Carlos Puente sold 3,266 shares of Whirlpool stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $100.00, for a total transaction of $326,600.00. Following the transaction, the executive vice president now owns 19,070 shares of the company's stock, valued at $1,907,000. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Whirlpool news, CFO James W. Peters sold 6,000 shares of Whirlpool stock in a transaction that occurred 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 transaction, the chief financial officer now 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Juan Carlos Puente sold 3,266 shares of Whirlpool stock in a transaction that occurred on Tuesday, September 3rd. The shares were 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 ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.05% of the company's stock.

Wall Street Analyst Weigh In

WHR has been the subject of a number of research analyst reports. Royal Bank of Canada lowered their target price on Whirlpool from $76.00 to $74.00 and set an "underperform" rating for the company in a report on Friday, October 25th. JPMorgan Chase & Co. increased their price target on Whirlpool from $103.00 to $109.00 and gave the company a "neutral" rating in a research report on Tuesday, October 29th. Finally, Bank of America increased their price target on Whirlpool from $101.00 to $103.00 and gave the company an "underperform" rating in a research report on Friday, October 25th. Two 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.com, Whirlpool presently has an average rating of "Hold" and a consensus price target of $106.50.

Whirlpool Stock Up 2.2 %

WHR stock traded up $2.43 during mid-day trading on Monday, reaching $112.94. The company had a trading volume of 754,259 shares, compared to its average volume of 1,179,793. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.55 and a current ratio of 0.94. Whirlpool Co. has a fifty-two week low of $84.18 and a fifty-two week high of $125.68. The company has a market capitalization of $6.23 billion, a price-to-earnings ratio of 11.04 and a beta of 1.44. The firm has a fifty day simple moving average of $103.05 and a 200 day simple moving average of $98.63.

Whirlpool (NYSE:WHR - Get Free Report) last issued its earnings results 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 21.41% and a net margin of 3.19%. The business had revenue of $3.99 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same quarter last year, the company earned $5.45 EPS. The business's quarterly revenue was down 18.9% on a year-over-year basis. Analysts forecast that Whirlpool Co. will post 12.27 earnings per share for the current fiscal year.

Whirlpool Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Friday, November 15th will be given a dividend of $1.75 per share. This represents a $7.00 annualized dividend and a dividend yield of 6.20%. The ex-dividend date is Friday, November 15th. Whirlpool's dividend payout ratio (DPR) is presently 69.03%.

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.