News

Nov 23, 2023

Whirlpool Co. (NYSE:WHR) Shares Sold by Westpac Banking Corp

Westpac Banking Corp lessened its holdings in shares of Whirlpool Co. (NYSE:WHR - Free Report) by 25.2% during the first quarter, according to its most recent disclosure with the Securities and

Westpac Banking Corp lessened its holdings in shares of Whirlpool Co. (NYSE:WHR - Free Report) by 25.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,555 shares of the company's stock after selling 2,212 shares during the period. Westpac Banking Corp's holdings in Whirlpool were worth $865,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Geneos Wealth Management Inc. grew its holdings in Whirlpool by 96.2% in the first quarter. Geneos Wealth Management Inc. now owns 204 shares of the company's stock valued at $35,000 after purchasing an additional 100 shares during the last quarter. Cutler Group LLC CA acquired a new stake in Whirlpool in the first quarter valued at $28,000. Point72 Asset Management L.P. acquired a new stake in Whirlpool in the fourth quarter valued at $32,000. Brown Brothers Harriman & Co. grew its holdings in Whirlpool by 526.3% in the first quarter. Brown Brothers Harriman & Co. now owns 238 shares of the company's stock valued at $41,000 after purchasing an additional 200 shares during the last quarter. Finally, OLD Mission Capital LLC acquired a new stake in Whirlpool in the fourth quarter valued at $39,000. Institutional investors and hedge funds own 89.04% of the company's stock.

NYSE WHR opened at $145.55 on Thursday. The business's 50-day moving average price is $145.27 and its 200 day moving average price is $140.79. Whirlpool Co. has a twelve month low of $124.10 and a twelve month high of $178.05. The company has a current ratio of 0.87, a quick ratio of 0.52 and a debt-to-equity ratio of 2.92.

Whirlpool (NYSE:WHR - Get Free Report) last released its earnings results on Monday, July 24th. The company reported $4.21 earnings per share for the quarter, topping the consensus estimate of $3.76 by $0.45. Whirlpool had a positive return on equity of 29.70% and a negative net margin of 8.13%. The firm had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $4.81 billion. During the same period in the prior year, the business posted $5.97 earnings per share. The firm's revenue for the quarter was down 6.0% compared to the same quarter last year. Research analysts expect that Whirlpool Co. will post 16.43 earnings per share for the current fiscal year.

In other news, EVP Juan Carlos Puente sold 420 shares of the firm's stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $134.16, for a total value of $56,347.20. Following the transaction, the executive vice president now directly owns 17,699 shares in the company, valued at approximately $2,374,497.84. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Marc R. Bitzer sold 20,000 shares of the stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $143.18, for a total value of $2,863,600.00. Following the completion of the sale, the chief executive officer now owns 138,583 shares in the company, valued at $19,842,313.94. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Juan Carlos Puente sold 420 shares of the stock in a transaction dated Friday, May 26th. The shares were sold at an average price of $134.16, for a total value of $56,347.20. Following the completion of the sale, the executive vice president now owns 17,699 shares of the company's stock, valued at approximately $2,374,497.84. The disclosure for this sale can be found here. Insiders have sold a total of 26,420 shares of company stock worth $3,778,667 in the last three months. 1.85% of the stock is currently owned by company insiders.

Several analysts have weighed in on the company. The Goldman Sachs Group raised Whirlpool from a "neutral" rating to a "buy" rating and lowered their target price for the company from $170.00 to $160.00 in a report on Tuesday, April 11th. Royal Bank of Canada upped their price objective on Whirlpool from $118.00 to $121.00 in a research report on Wednesday, July 26th. StockNews.com started coverage on Whirlpool in a research report on Thursday, May 18th. They issued a "hold" rating on the stock. Credit Suisse Group restated a "neutral" rating and issued a $150.00 price objective on shares of Whirlpool in a research report on Tuesday, July 25th. Finally, Bank of America reduced their price objective on Whirlpool from $90.00 to $87.00 in a research report on Tuesday, July 18th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $131.00.

Check Out Our Latest Analysis on Whirlpool

Whirlpool Corporation manufactures and markets home appliances and related products and services in 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.

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