Traders Sell Whirlpool (WHR) on Strength (WHR)
Investors sold shares of Whirlpool Co. (NYSE:WHR) on strength during trading on Monday. $30.42 million flowed into the stock on the tick-up and $62.74 million flowed out of the stock on the tick-down, for a money net flow of $32.32 million out of the stock. Of all stocks tracked, Whirlpool had the 0th highest net out-flow for the day. Whirlpool traded up $2.17 for the day and closed at $169.63
WHR has been the topic of a number of recent research reports. Zacks Investment Research downgraded shares of Whirlpool from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. ValuEngine upgraded shares of Whirlpool from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. MKM Partners set a $177.00 price objective on shares of Whirlpool and gave the company a “hold” rating in a research report on Friday, October 6th. Royal Bank Of Canada reiterated a “buy” rating and issued a $209.00 price objective on shares of Whirlpool in a research report on Tuesday, October 10th. Finally, Bank of America downgraded shares of Whirlpool from a “buy” rating to a “neutral” rating and set a $183.00 price objective on the stock. in a research report on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $183.60.
The firm has a market cap of $12,190.08, a PE ratio of 12.11, a price-to-earnings-growth ratio of 1.71 and a beta of 1.88. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.55 and a current ratio of 0.90.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 17th will be given a $1.10 dividend. The ex-dividend date is Thursday, November 16th. This represents a $4.40 annualized dividend and a yield of 2.60%. Whirlpool’s dividend payout ratio is presently 41.47%.
A number of institutional investors have recently added to or reduced their stakes in the business. LLBH Private Wealth Management LLC increased its stake in Whirlpool by 0.5% during the 2nd quarter. LLBH Private Wealth Management LLC now owns 1,183 shares of the company’s stock valued at $227,000 after buying an additional 6 shares during the period. Savant Capital LLC increased its stake in Whirlpool by 0.3% during the 2nd quarter. Savant Capital LLC now owns 2,789 shares of the company’s stock valued at $534,000 after buying an additional 9 shares during the period. QS Investors LLC increased its stake in Whirlpool by 0.4% during the 2nd quarter. QS Investors LLC now owns 2,355 shares of the company’s stock valued at $451,000 after buying an additional 10 shares during the period. CIBC Asset Management Inc increased its stake in Whirlpool by 0.3% during the 2nd quarter. CIBC Asset Management Inc now owns 7,118 shares of the company’s stock valued at $1,364,000 after buying an additional 21 shares during the period. Finally, Conning Inc. grew its stake in shares of Whirlpool by 0.7% in the 2nd quarter. Conning Inc. now owns 4,386 shares of the company’s stock worth $840,000 after purchasing an additional 30 shares during the last quarter. 92.74% of the stock is currently owned by hedge funds and other institutional investors.
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Whirlpool Company Profile
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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