Robeco Institutional Asset Management B.V. Reduces Stock Position in Whirlpool Co. (NYSE:WHR)

Robeco Institutional Asset Management B.V. lessened its holdings in Whirlpool Co. (NYSE:WHR) by 68.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 27,135 shares of the company’s stock after selling 59,208 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Whirlpool were worth $36,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Applied Finance Capital Management LLC grew its holdings in shares of Whirlpool by 5.8% during the fourth quarter. Applied Finance Capital Management LLC now owns 2,296 shares of the company’s stock worth $280,000 after purchasing an additional 125 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Whirlpool by 0.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 34,871 shares of the company’s stock worth $4,247,000 after purchasing an additional 195 shares during the last quarter. Sumitomo Mitsui Financial Group Inc. grew its holdings in shares of Whirlpool by 6.2% during the fourth quarter. Sumitomo Mitsui Financial Group Inc. now owns 8,294 shares of the company’s stock worth $1,010,000 after purchasing an additional 483 shares during the last quarter. Avantax Advisory Services Inc. grew its holdings in shares of Whirlpool by 52.7% during the fourth quarter. Avantax Advisory Services Inc. now owns 4,553 shares of the company’s stock worth $554,000 after purchasing an additional 1,571 shares during the last quarter. Finally, Jump Financial LLC boosted its stake in shares of Whirlpool by 199.3% during the fourth quarter. Jump Financial LLC now owns 13,168 shares of the company’s stock worth $1,603,000 after buying an additional 8,768 shares during the period. Hedge funds and other institutional investors own 90.78% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. decreased their target price on shares of Whirlpool from $120.00 to $111.00 and set a “neutral” rating for the company in a research note on Friday, February 2nd. StockNews.com downgraded shares of Whirlpool from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. Loop Capital assumed coverage on shares of Whirlpool in a research note on Thursday, February 22nd. They set a “buy” rating and a $140.00 target price for the company. Bank of America increased their target price on shares of Whirlpool from $63.00 to $75.00 in a research note on Friday, May 17th. Finally, Royal Bank of Canada decreased their target price on shares of Whirlpool from $85.00 to $79.00 and set an “underperform” rating for the company in a research note on Friday, April 26th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $111.00.

Whirlpool Price Performance

Shares of NYSE:WHR opened at $86.52 on Monday. The company has a quick ratio of 0.58, a current ratio of 0.95 and a debt-to-equity ratio of 2.56. The company has a market cap of $4.73 billion, a P/E ratio of 11.92 and a beta of 1.52. Whirlpool Co. has a 52 week low of $85.82 and a 52 week high of $160.62. The company has a 50-day moving average price of $103.29 and a 200 day moving average price of $109.17.

Whirlpool (NYSE:WHR) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.17. The firm had revenue of $4.49 billion during the quarter, compared to the consensus estimate of $4.42 billion. Whirlpool had a net margin of 2.07% and a return on equity of 35.16%. The firm’s revenue was down 3.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.66 earnings per share. Research analysts predict that Whirlpool Co. will post 12.37 earnings per share for the current year.

Whirlpool Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, June 15th. Stockholders of record on Friday, May 17th will be paid a dividend of $1.75 per share. This represents a $7.00 annualized dividend and a dividend yield of 8.09%. The ex-dividend date of this dividend is Thursday, May 16th. Whirlpool’s dividend payout ratio (DPR) is 96.42%.

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.