State of New Jersey Common Pension Fund D Buys 3,112 Shares of Whirlpool Co. (NYSE:WHR)

State of New Jersey Common Pension Fund D grew its holdings in Whirlpool Co. (NYSE:WHR) by 12.7% during the 4th quarter, HoldingsChannel reports. The firm owned 27,595 shares of the company’s stock after purchasing an additional 3,112 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Whirlpool were worth $3,360,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of WHR. Global Retirement Partners LLC increased its stake in shares of Whirlpool by 160.0% in the 3rd quarter. Global Retirement Partners LLC now owns 221 shares of the company’s stock valued at $28,000 after purchasing an additional 136 shares during the last quarter. Private Trust Co. NA increased its stake in shares of Whirlpool by 190.7% in the 4th quarter. Private Trust Co. NA now owns 282 shares of the company’s stock valued at $34,000 after purchasing an additional 185 shares during the last quarter. ORG Partners LLC bought a new position in shares of Whirlpool in the 4th quarter valued at $37,000. Sentry Investment Management LLC bought a new position in shares of Whirlpool in the 3rd quarter valued at $39,000. Finally, NBC Securities Inc. bought a new position in shares of Whirlpool in the 3rd quarter valued at $40,000. Institutional investors own 90.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on WHR shares. Royal Bank of Canada decreased their price target on Whirlpool from $85.00 to $79.00 and set an “underperform” rating on the stock in a research note on Friday. Loop Capital assumed coverage on Whirlpool in a research report on Thursday, February 22nd. They set a “buy” rating and a $140.00 price objective on the stock. StockNews.com lowered Whirlpool from a “buy” rating to a “hold” rating in a research report on Friday. JPMorgan Chase & Co. reduced their price objective on Whirlpool from $120.00 to $111.00 and set a “neutral” rating on the stock in a research report on Friday, February 2nd. Finally, TheStreet upgraded Whirlpool from a “d+” rating to a “c+” rating in a research report on Monday, January 29th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Whirlpool has an average rating of “Hold” and a consensus price target of $113.40.

Whirlpool Trading Down 0.4 %

Shares of WHR stock opened at $94.60 on Friday. The firm has a market capitalization of $5.17 billion, a P/E ratio of 13.03 and a beta of 1.48. Whirlpool Co. has a twelve month low of $91.90 and a twelve month high of $160.62. The stock’s fifty day simple moving average is $109.14 and its 200 day simple moving average is $112.79. The company has a quick ratio of 0.57, a current ratio of 0.95 and a debt-to-equity ratio of 2.56.

Whirlpool (NYSE:WHR) last announced its earnings results on Wednesday, April 24th. The company reported $1.78 EPS for the quarter, topping the consensus estimate of $1.61 by $0.17. The firm had revenue of $4.49 billion for the quarter, compared to the consensus estimate of $4.42 billion. Whirlpool had a return on equity of 35.16% and a net margin of 2.07%. The business’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same period in the previous year, the business earned $2.66 EPS. As a group, sell-side analysts predict that Whirlpool Co. will post 13.4 EPS for the current fiscal year.

Whirlpool Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, June 15th. Shareholders of record on Friday, May 17th will be issued a dividend of $1.75 per share. This represents a $7.00 annualized dividend and a yield of 7.40%. The ex-dividend date of this dividend is Thursday, May 16th. Whirlpool’s payout ratio is presently 96.42%.

Whirlpool 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.