State of New Jersey Common Pension Fund D Has $2.10 Million Stake in Whirlpool Co. (NYSE:WHR)

State of New Jersey Common Pension Fund D cut its stake in shares of Whirlpool Co. (NYSE:WHR) by 10.4% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 19,645 shares of the company’s stock after selling 2,292 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Whirlpool were worth $2,102,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in WHR. SouthState Corp bought a new position in Whirlpool during the second quarter worth $28,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Whirlpool in the 2nd quarter worth about $32,000. Altshuler Shaham Ltd acquired a new position in shares of Whirlpool in the 2nd quarter valued at about $32,000. EverSource Wealth Advisors LLC boosted its position in shares of Whirlpool by 1,010.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 422 shares of the company’s stock valued at $43,000 after purchasing an additional 384 shares in the last quarter. Finally, UMB Bank n.a. grew its stake in Whirlpool by 80.6% during the second quarter. UMB Bank n.a. now owns 428 shares of the company’s stock worth $44,000 after purchasing an additional 191 shares during the period. Institutional investors own 90.78% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on WHR shares. JPMorgan Chase & Co. boosted their target price on shares of Whirlpool from $103.00 to $109.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Royal Bank of Canada cut their price objective on shares of Whirlpool from $76.00 to $74.00 and set an “underperform” rating on the stock in a research report on Friday, October 25th. Finally, Bank of America boosted their target price on Whirlpool from $101.00 to $103.00 and gave the company an “underperform” rating in a research report on Friday, October 25th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $106.50.

Insider Buying and Selling at Whirlpool

In other Whirlpool news, EVP Juan Carlos Puente sold 3,266 shares of Whirlpool stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $100.00, for a total transaction of $326,600.00. Following the transaction, the executive vice president now owns 19,070 shares of the company’s stock, valued at $1,907,000. This trade represents a 14.62 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO James W. Peters sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $104.48, for a total value of $626,880.00. Following the completion of the transaction, the chief financial officer now owns 41,570 shares in the company, valued at $4,343,233.60. The trade was a 12.61 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.05% of the company’s stock.

Whirlpool Stock Up 0.0 %

Shares of NYSE WHR opened at $112.29 on Friday. The company has a debt-to-equity ratio of 1.94, a current ratio of 0.94 and a quick ratio of 0.55. The company has a 50-day moving average price of $104.19 and a 200-day moving average price of $99.08. The stock has a market capitalization of $6.19 billion, a P/E ratio of 11.02 and a beta of 1.44. Whirlpool Co. has a 1 year low of $84.18 and a 1 year high of $125.68.

Whirlpool (NYSE:WHR) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $3.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.99 by $0.44. The business had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $4.09 billion. Whirlpool had a return on equity of 21.41% and a net margin of 3.19%. The company’s quarterly revenue was down 18.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.45 EPS. On average, equities research analysts forecast that Whirlpool Co. will post 12.27 EPS for the current fiscal year.

Whirlpool Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Friday, November 15th will be given a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a yield of 6.23%. The ex-dividend date is Friday, November 15th. Whirlpool’s payout ratio is currently 69.03%.

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.