Insider Selling: Whirlpool Co. (WHR) Insider Sells 19,314 Shares of Stock
Whirlpool Co. (NYSE:WHR) insider Marc R. Bitzer sold 19,314 shares of the business’s stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $183.84, for a total transaction of $3,550,685.76. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of Whirlpool Co. (NYSE:WHR) traded up 0.22% on Thursday, reaching $185.65. 449,143 shares of the company were exchanged. Whirlpool Co. has a 12-month low of $145.91 and a 12-month high of $194.10. The company’s 50 day moving average is $174.44 and its 200 day moving average is $173.27. The firm has a market capitalization of $13.73 billion, a PE ratio of 15.98 and a beta of 1.91.
Whirlpool (NYSE:WHR) last issued its quarterly earnings data on Monday, April 24th. The company reported $2.50 EPS for the quarter, missing the consensus estimate of $2.65 by $0.15. The firm had revenue of $4.79 billion for the quarter, compared to analysts’ expectations of $4.74 billion. Whirlpool had a net margin of 4.29% and a return on equity of 18.69%. Whirlpool’s revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the firm posted $2.63 EPS. Analysts forecast that Whirlpool Co. will post $15.12 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Friday, May 19th will be paid a dividend of $1.10 per share. The ex-dividend date is Wednesday, May 17th. This represents a $4.40 annualized dividend and a yield of 2.37%. This is a boost from Whirlpool’s previous quarterly dividend of $1.00. Whirlpool’s payout ratio is currently 34.69%.
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Institutional investors have recently modified their holdings of the stock. Norges Bank purchased a new position in shares of Whirlpool during the fourth quarter valued at approximately $124,869,000. Levin Capital Strategies L.P. bought a new position in Whirlpool during the first quarter worth approximately $113,386,000. The Manufacturers Life Insurance Company bought a new position in Whirlpool during the third quarter worth approximately $89,558,000. Findlay Park Partners LLP boosted its position in Whirlpool by 333.3% in the first quarter. Findlay Park Partners LLP now owns 650,000 shares of the company’s stock worth $111,365,000 after buying an additional 500,000 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in Whirlpool by 105.1% in the first quarter. SG Americas Securities LLC now owns 22,554 shares of the company’s stock worth $3,864,000 after buying an additional 464,224 shares in the last quarter. 91.76% of the stock is owned by institutional investors.
WHR has been the topic of a number of research analyst reports. Goldman Sachs Group Inc cut shares of Whirlpool from a “buy” rating to a “neutral” rating and set a $187.00 target price on the stock. in a report on Friday, January 27th. Zacks Investment Research cut shares of Whirlpool from a “hold” rating to a “sell” rating in a report on Wednesday, April 19th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. Whirlpool currently has a consensus rating of “Hold” and an average price target of $193.43.
Whirlpool Corporation is a manufacturer and marketer of home appliances. The Company’s segments include North America; Europe, Middle East and Africa (EMEA); Latin America, and Asia. In North America, the Company markets and distributes home appliances and small domestic appliances under a range of brand names.
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