Whirlpool Co. (NYSE:WHR) Shares Sold by Peapack Gladstone Financial Corp

Peapack Gladstone Financial Corp lessened its holdings in Whirlpool Co. (NYSE:WHR) by 6.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,965 shares of the company’s stock after selling 208 shares during the quarter. Peapack Gladstone Financial Corp’s holdings in Whirlpool were worth $339,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Brown Lisle Cummings Inc. purchased a new stake in Whirlpool in the 4th quarter worth $27,000. SBI Securities Co. Ltd. purchased a new position in Whirlpool in the 4th quarter valued at about $30,000. GAMMA Investing LLC boosted its stake in shares of Whirlpool by 323.1% in the fourth quarter. GAMMA Investing LLC now owns 275 shares of the company’s stock worth $31,000 after acquiring an additional 210 shares during the last quarter. Nemes Rush Group LLC grew its holdings in shares of Whirlpool by 79.1% during the fourth quarter. Nemes Rush Group LLC now owns 274 shares of the company’s stock worth $31,000 after buying an additional 121 shares in the last quarter. Finally, Bogart Wealth LLC raised its holdings in Whirlpool by 113.6% in the 4th quarter. Bogart Wealth LLC now owns 282 shares of the company’s stock valued at $32,000 after acquiring an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 90.78% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on WHR. StockNews.com upgraded shares of Whirlpool from a “sell” rating to a “hold” rating in a report on Tuesday, January 21st. The Goldman Sachs Group raised their price target on shares of Whirlpool from $125.00 to $138.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Whirlpool has an average rating of “Hold” and a consensus price target of $106.00.

Whirlpool Stock Up 10.4 %

Shares of Whirlpool stock opened at $85.52 on Thursday. Whirlpool Co. has a one year low of $75.04 and a one year high of $135.49. The company has a market cap of $4.74 billion, a P/E ratio of -14.59 and a beta of 1.31. The firm has a fifty day moving average of $95.35 and a two-hundred day moving average of $106.99. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.44 and a current ratio of 0.72.

Whirlpool (NYSE:WHR) last announced its earnings results on Wednesday, January 29th. The company reported $4.57 EPS for the quarter, beating analysts’ consensus estimates of $4.26 by $0.31. Whirlpool had a positive return on equity of 21.89% and a negative net margin of 1.95%. During the same quarter in the previous year, the firm posted $3.85 EPS. On average, analysts forecast that Whirlpool Co. will post 9.52 earnings per share for the current year.

Whirlpool Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Friday, February 28th were issued a dividend of $1.75 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $7.00 annualized dividend and a dividend yield of 8.19%. Whirlpool’s payout ratio is currently -119.45%.

About Whirlpool

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.