US Bancorp DE Reduces Position in Whirlpool Co. (NYSE:WHR)

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US Bancorp DE lessened its position in shares of Whirlpool Co. (NYSE:WHR) by 7.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 30,896 shares of the company’s stock after selling 2,593 shares during the quarter. US Bancorp DE’s holdings in Whirlpool were worth $4,399,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. SevenBridge Financial Group LLC grew its stake in Whirlpool by 248.1% during the 2nd quarter. SevenBridge Financial Group LLC now owns 188 shares of the company’s stock worth $27,000 after buying an additional 134 shares during the last quarter. Pearl River Capital LLC purchased a new position in Whirlpool during the 2nd quarter worth approximately $29,000. Penserra Capital Management LLC purchased a new position in Whirlpool during the 1st quarter worth approximately $27,000. Trustcore Financial Services LLC grew its stake in Whirlpool by 45.9% during the 2nd quarter. Trustcore Financial Services LLC now owns 264 shares of the company’s stock worth $38,000 after buying an additional 83 shares during the last quarter. Finally, Thor Advisors LLC purchased a new position in Whirlpool during the 1st quarter worth approximately $38,000. Hedge funds and other institutional investors own 93.96% of the company’s stock.

Shares of WHR stock traded up $1.25 during midday trading on Thursday, hitting $150.28. The company had a trading volume of 13,366 shares, compared to its average volume of 568,399. The company’s 50 day simple moving average is $139.75 and its 200 day simple moving average is $137.38. Whirlpool Co. has a 52-week low of $99.40 and a 52-week high of $153.22. The stock has a market cap of $9.45 billion, a price-to-earnings ratio of 9.91, a PEG ratio of 1.87 and a beta of 1.82. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.84 and a quick ratio of 0.54.

Whirlpool (NYSE:WHR) last announced its earnings results on Monday, July 22nd. The company reported $4.01 earnings per share for the quarter, beating the consensus estimate of $3.80 by $0.21. Whirlpool had a return on equity of 30.55% and a net margin of 4.39%. The company had revenue of $5.20 billion for the quarter, compared to the consensus estimate of $5.03 billion. During the same period last year, the business posted $3.20 EPS. The company’s revenue was up 1.2% on a year-over-year basis. Analysts anticipate that Whirlpool Co. will post 15.12 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Sunday, September 15th. Shareholders of record on Friday, August 30th were paid a $1.20 dividend. The ex-dividend date was Thursday, August 29th. This represents a $4.80 annualized dividend and a dividend yield of 3.19%. Whirlpool’s dividend payout ratio (DPR) is currently 31.66%.

In other Whirlpool news, CFO James W. Peters sold 650 shares of Whirlpool stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $146.51, for a total value of $95,231.50. Following the transaction, the chief financial officer now directly owns 18,569 shares in the company, valued at approximately $2,720,544.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.91% of the company’s stock.

A number of research analysts recently issued reports on the company. Buckingham Research raised their price target on Whirlpool from $135.00 to $150.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 17th. Gabelli reiterated a “hold” rating on shares of Whirlpool in a research note on Wednesday, July 24th. TheStreet upgraded Whirlpool from a “c+” rating to a “b-” rating in a research note on Monday, July 22nd. Zacks Investment Research upgraded Whirlpool from a “hold” rating to a “buy” rating and set a $147.00 target price on the stock in a research note on Thursday, August 22nd. Finally, Longbow Research set a $178.00 target price on Whirlpool and gave the company a “buy” rating in a research note on Friday, August 2nd. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. Whirlpool currently has a consensus rating of “Hold” and a consensus price target of $140.95.

Whirlpool Profile

Whirlpool Corporation manufactures and markets home appliances and related products. It operates through four segments: North America; Europe, Middle East and Africa; Latin America; and Asia. The company's principal products include refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances and related laundry accessories; cooking appliances and other small domestic appliances; and dishwasher appliances and related accessories.

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Institutional Ownership by Quarter for Whirlpool (NYSE:WHR)

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