Allspring Global Investments Holdings LLC Sells 14,868 Shares of Whirlpool Co. (NYSE:WHR)

Allspring Global Investments Holdings LLC cut its position in shares of Whirlpool Co. (NYSE:WHR - Free Report) by 48.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,116 shares of the company's stock after selling 14,868 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Whirlpool were worth $1,962,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in WHR. Vanguard Group Inc. lifted its stake in Whirlpool by 0.4% in the third quarter. Vanguard Group Inc. now owns 6,536,414 shares of the company's stock valued at $873,919,000 after buying an additional 25,740 shares during the last quarter. Boston Partners raised its stake in shares of Whirlpool by 59.7% during the third quarter. Boston Partners now owns 2,473,047 shares of the company's stock valued at $328,804,000 after purchasing an additional 924,128 shares in the last quarter. Invesco Ltd. raised its stake in shares of Whirlpool by 38.3% during the third quarter. Invesco Ltd. now owns 1,954,344 shares of the company's stock valued at $261,296,000 after purchasing an additional 541,219 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Whirlpool by 3.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,410,726 shares of the company's stock valued at $188,614,000 after purchasing an additional 46,720 shares in the last quarter. Finally, International Assets Investment Management LLC raised its stake in shares of Whirlpool by 3,554.4% during the fourth quarter. International Assets Investment Management LLC now owns 1,382,430 shares of the company's stock valued at $168,339,000 after purchasing an additional 1,344,601 shares in the last quarter. 90.78% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on WHR. StockNews.com upgraded shares of Whirlpool from a "hold" rating to a "buy" rating in a research note on Tuesday, February 27th. TheStreet upgraded shares of Whirlpool from a "d+" rating to a "c+" rating in a research note on Monday, January 29th. Royal Bank of Canada cut their price objective on shares of Whirlpool from $92.00 to $85.00 and set an "underperform" rating on the stock in a research note on Wednesday, January 31st. JPMorgan Chase & Co. cut their price objective on shares of Whirlpool from $120.00 to $111.00 and set a "neutral" rating on the stock in a research note on Friday, February 2nd. Finally, Loop Capital initiated coverage on Whirlpool in a report on Thursday, February 22nd. They set a "buy" rating and a $140.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $114.60.

Whirlpool Price Performance

NYSE:WHR traded up $0.80 during mid-day trading on Monday, reaching $105.47. 1,103,908 shares of the stock were exchanged, compared to its average volume of 1,284,028. The business has a fifty day moving average price of $109.94 and a 200 day moving average price of $113.46. The firm has a market capitalization of $5.76 billion, a PE ratio of 12.02 and a beta of 1.48. Whirlpool Co. has a 1-year low of $98.40 and a 1-year high of $160.62. The company has a current ratio of 0.89, a quick ratio of 0.57 and a debt-to-equity ratio of 2.53.

Whirlpool (NYSE:WHR - Get Free Report) last released its earnings results on Tuesday, January 30th. The company reported $3.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.53 by $0.32. The firm had revenue of $5.09 billion for the quarter, compared to analyst estimates of $4.98 billion. Whirlpool had a return on equity of 38.67% and a net margin of 2.47%. Whirlpool's revenue was up 3.4% compared to the same quarter last year. During the same period in the previous year, the company earned $3.89 earnings per share. Research analysts expect that Whirlpool Co. will post 13.64 earnings per share for the current fiscal year.

Whirlpool Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, June 15th. Investors of record on Friday, May 17th will be paid a $1.75 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $7.00 dividend on an annualized basis and a yield of 6.64%. Whirlpool's dividend payout ratio is currently 80.37%.

About Whirlpool

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.