Whirlpool Co. (NYSE:WHR) Shares Acquired by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust increased its position in Whirlpool Co. (NYSE:WHR) by 27.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 539 shares of the company’s stock after purchasing an additional 115 shares during the period. Parkside Financial Bank & Trust’s holdings in Whirlpool were worth $66,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Global Retirement Partners LLC lifted its position in Whirlpool by 160.0% during the 3rd quarter. Global Retirement Partners LLC now owns 221 shares of the company’s stock worth $28,000 after acquiring an additional 136 shares during the last quarter. Park Place Capital Corp acquired a new position in Whirlpool during the 3rd quarter valued at $29,000. Private Trust Co. NA boosted its holdings in Whirlpool by 190.7% in the 4th quarter. Private Trust Co. NA now owns 282 shares of the company’s stock valued at $34,000 after purchasing an additional 185 shares during the period. ORG Partners LLC bought a new position in shares of Whirlpool during the 4th quarter worth about $37,000. Finally, Sentry Investment Management LLC acquired a new position in shares of Whirlpool during the third quarter valued at about $39,000. 90.78% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on WHR shares. Loop Capital began coverage on Whirlpool in a report on Thursday, February 22nd. They set a “buy” rating and a $140.00 price objective on the stock. Royal Bank of Canada lowered their target price on shares of Whirlpool from $92.00 to $85.00 and set an “underperform” rating on the stock in a report on Wednesday, January 31st. JPMorgan Chase & Co. reduced their price target on shares of Whirlpool from $120.00 to $111.00 and set a “neutral” rating on the stock in a research report on Friday, February 2nd. StockNews.com raised Whirlpool from a “hold” rating to a “buy” rating in a report on Tuesday, February 27th. Finally, TheStreet raised Whirlpool from a “d+” rating to a “c+” rating in a report on Monday, January 29th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $114.60.

Whirlpool Stock Down 10.1 %

NYSE WHR opened at $94.96 on Friday. The business has a fifty day moving average price of $109.41 and a two-hundred day moving average price of $113.00. The stock has a market capitalization of $5.19 billion, a PE ratio of 13.08 and a beta of 1.48. Whirlpool Co. has a fifty-two week low of $92.54 and a fifty-two week high of $160.62. The company has a debt-to-equity ratio of 2.53, a current ratio of 0.89 and a quick ratio of 0.57.

Whirlpool (NYSE:WHR) last released its earnings results on Wednesday, April 24th. The company reported $1.78 EPS for the quarter, topping the consensus estimate of $1.61 by $0.17. The business had revenue of $4.49 billion during the quarter, compared to analysts’ expectations of $4.42 billion. Whirlpool had a return on equity of 36.24% and a net margin of 2.07%. The firm’s revenue was down 3.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.66 earnings per share. Equities analysts expect that Whirlpool Co. will post 12.85 earnings per share for the current fiscal year.

Whirlpool Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, June 15th. Investors of record on Friday, May 17th will be issued a dividend of $1.75 per share. This represents a $7.00 annualized dividend and a yield of 7.37%. The ex-dividend date of this dividend is Thursday, May 16th. Whirlpool’s dividend payout ratio (DPR) is presently 96.42%.

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.