Brown Brothers Harriman & Co. Sells 271 Shares of Whirlpool Co. (NYSE:WHR)

Brown Brothers Harriman & Co. trimmed its position in Whirlpool Co. (NYSE:WHR) by 16.4% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 1,385 shares of the company’s stock after selling 271 shares during the period. Brown Brothers Harriman & Co.’s holdings in Whirlpool were worth $148,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of WHR. Charles Schwab Investment Management Inc. lifted its stake in shares of Whirlpool by 14.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,019,569 shares of the company’s stock valued at $216,094,000 after purchasing an additional 258,871 shares during the period. Evergreen Capital Management LLC lifted its stake in shares of Whirlpool by 41.5% in the 2nd quarter. Evergreen Capital Management LLC now owns 43,261 shares of the company’s stock valued at $4,421,000 after purchasing an additional 12,697 shares during the period. Prime Capital Investment Advisors LLC lifted its stake in shares of Whirlpool by 10.7% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 76,709 shares of the company’s stock valued at $8,208,000 after purchasing an additional 7,405 shares during the period. Campbell Capital Management Inc. acquired a new position in shares of Whirlpool in the 3rd quarter valued at $1,605,000. Finally, Cetera Advisors LLC lifted its stake in shares of Whirlpool by 253.1% in the 1st quarter. Cetera Advisors LLC now owns 6,182 shares of the company’s stock valued at $740,000 after purchasing an additional 4,431 shares during the period. 90.78% of the stock is currently owned by institutional investors.

Whirlpool Stock Performance

WHR opened at $111.80 on Thursday. The business’s 50-day moving average price is $106.75 and its two-hundred day moving average price is $100.18. Whirlpool Co. has a 1 year low of $84.18 and a 1 year high of $125.68. The company has a market capitalization of $6.16 billion, a price-to-earnings ratio of 11.03 and a beta of 1.44. The company has a debt-to-equity ratio of 1.94, a current ratio of 0.94 and a quick ratio of 0.55.

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 the consensus estimate of $2.99 by $0.44. Whirlpool had a return on equity of 21.41% and a net margin of 3.19%. The firm had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter last year, the business posted $5.45 EPS. The company’s revenue for the quarter was down 18.9% on a year-over-year basis. Equities analysts expect that Whirlpool Co. will post 12.27 EPS for the current fiscal year.

Whirlpool Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Friday, November 15th will be issued a $1.75 dividend. This represents a $7.00 annualized dividend and a dividend yield of 6.26%. The ex-dividend date is Friday, November 15th. Whirlpool’s payout ratio is 69.03%.

Analyst Ratings Changes

WHR has been the topic of a number of analyst reports. Bank of America increased their price target on Whirlpool from $101.00 to $103.00 and gave the company an “underperform” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. raised their price objective on Whirlpool from $103.00 to $109.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. Finally, Royal Bank of Canada dropped their price objective on Whirlpool from $76.00 to $74.00 and set an “underperform” rating on the stock in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $106.50.

Insider Activity

In related news, CFO James W. Peters sold 6,000 shares of Whirlpool stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $104.48, for a total transaction of $626,880.00. Following the completion of the transaction, the chief financial officer now owns 41,570 shares in the company, valued at approximately $4,343,233.60. This trade represents a 12.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Juan Carlos Puente sold 3,266 shares of Whirlpool stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $100.00, for a total value 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. The trade was a 14.62 % decrease in their position. The disclosure for this sale can be found here. 2.05% of the stock is owned by corporate insiders.

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.