Bank of Montreal Can Decreases Holdings in Whirlpool Co. (NYSE:WHR)

Bank of Montreal Can cut its holdings in shares of Whirlpool Co. (NYSE:WHR - Free Report) by 24.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,739 shares of the company's stock after selling 6,512 shares during the quarter. Bank of Montreal Can's holdings in Whirlpool were worth $2,260,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of WHR. Brown Lisle Cummings Inc. purchased a new position in Whirlpool during the fourth quarter worth about $27,000. SBI Securities Co. Ltd. acquired a new position in shares of Whirlpool in the 4th quarter worth approximately $30,000. GAMMA Investing LLC lifted its holdings in shares of Whirlpool by 323.1% in the 4th quarter. GAMMA Investing LLC now owns 275 shares of the company's stock worth $31,000 after acquiring an additional 210 shares during the last quarter. Nemes Rush Group LLC boosted its position in shares of Whirlpool by 79.1% during the 4th quarter. Nemes Rush Group LLC now owns 274 shares of the company's stock worth $31,000 after purchasing an additional 121 shares during the period. Finally, Bogart Wealth LLC increased its holdings in Whirlpool by 113.6% in the 4th quarter. Bogart Wealth LLC now owns 282 shares of the company's stock valued at $32,000 after purchasing an additional 150 shares during the last quarter. 90.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

WHR has been the subject of several research analyst reports. StockNews.com upgraded Whirlpool from a "sell" rating to a "hold" rating in a research report on Tuesday, January 21st. The Goldman Sachs Group lifted their target price on Whirlpool from $125.00 to $138.00 and gave the company a "buy" rating in a research report on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $106.00.

Whirlpool Stock Up 0.1 %

Shares of Whirlpool stock traded up $0.08 during trading hours on Tuesday, reaching $77.12. 1,605,591 shares of the company were exchanged, compared to its average volume of 1,070,732. The firm has a market cap of $4.27 billion, a PE ratio of -13.16 and a beta of 1.31. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.44 and a current ratio of 0.72. Whirlpool Co. has a 1 year low of $75.03 and a 1 year high of $135.49. The stock's fifty day moving average is $91.41 and its 200 day moving average is $105.34.

Whirlpool (NYSE:WHR - Get Free Report) last issued its quarterly earnings results on Wednesday, January 29th. The company reported $4.57 earnings per share for the quarter, topping the consensus estimate 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 business posted $3.85 EPS. As a group, equities research analysts forecast that Whirlpool Co. will post 9.52 earnings per share for the current year.

Whirlpool Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Sunday, June 15th. Shareholders of record on Friday, May 16th will be issued a dividend of $1.75 per share. This represents a $7.00 annualized dividend and a yield of 9.08%. The ex-dividend date is Friday, May 16th. Whirlpool's dividend payout ratio (DPR) is presently -119.45%.

Whirlpool 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.