Two Sigma Investments LP Reduces Holdings in Whirlpool Co. (NYSE:WHR)

Two Sigma Investments LP reduced its holdings in shares of Whirlpool Co. (NYSE:WHR - Free Report) by 57.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,599 shares of the company's stock after selling 82,107 shares during the quarter. Two Sigma Investments LP owned approximately 0.11% of Whirlpool worth $6,823,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Tabor Asset Management LP raised its stake in Whirlpool by 47.8% in the 4th quarter. Tabor Asset Management LP now owns 70,473 shares of the company's stock valued at $8,068,000 after purchasing an additional 22,782 shares during the last quarter. Tang Capital Management LLC acquired a new position in shares of Whirlpool in the fourth quarter valued at approximately $974,000. Seven Six Capital Management LLC purchased a new position in shares of Whirlpool during the fourth quarter valued at approximately $3,761,000. Quantinno Capital Management LP boosted its position in Whirlpool by 45.6% during the fourth quarter. Quantinno Capital Management LP now owns 6,111 shares of the company's stock worth $700,000 after acquiring an additional 1,914 shares during the last quarter. Finally, Nomura Holdings Inc. purchased a new stake in Whirlpool in the 4th quarter worth approximately $838,000. 90.78% of the stock is owned by hedge funds and other institutional investors.

Whirlpool Trading Down 1.9%

WHR stock traded down $1.46 during trading on Friday, reaching $77.17. 172,325 shares of the stock traded hands, compared to its average volume of 1,031,473. The business's 50 day moving average price is $81.38 and its 200-day moving average price is $100.49. The firm has a market capitalization of $4.29 billion, a PE ratio of -13.22 and a beta of 1.20. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.72 and a quick ratio of 0.44. Whirlpool Co. has a 52-week low of $73.72 and a 52-week high of $135.49.

Whirlpool (NYSE:WHR - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $1.70 EPS for the quarter, beating the consensus estimate of $1.67 by $0.03. The firm had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.67 billion. Whirlpool had a negative net margin of 1.95% and a positive return on equity of 21.89%. Whirlpool's revenue for the quarter was down 19.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.78 earnings per share. As a group, sell-side analysts forecast that Whirlpool Co. will post 9.52 earnings per share for the current year.

Whirlpool Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 15th. Investors of record on Friday, May 16th will be given a dividend of $1.75 per share. This represents a $7.00 annualized dividend and a yield of 9.07%. The ex-dividend date of this dividend is Friday, May 16th. Whirlpool's dividend payout ratio (DPR) is presently 5,000.00%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Wall Street Zen lowered Whirlpool from a "hold" rating to a "sell" rating in a research note on Friday, April 25th. JPMorgan Chase & Co. decreased their price target on Whirlpool from $109.00 to $89.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $101.00.

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.