Fairpointe Capital LLC Sells 138,796 Shares of Whirlpool Co. (NYSE:WHR)

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Fairpointe Capital LLC lowered its stake in shares of Whirlpool Co. (NYSE:WHR) by 31.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 298,439 shares of the company’s stock after selling 138,796 shares during the quarter. Whirlpool accounts for 2.4% of Fairpointe Capital LLC’s investment portfolio, making the stock its 19th largest holding. Fairpointe Capital LLC owned 0.47% of Whirlpool worth $47,261,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also made changes to their positions in WHR. Arizona State Retirement System lifted its holdings in Whirlpool by 11.4% during the 2nd quarter. Arizona State Retirement System now owns 35,005 shares of the company’s stock worth $4,983,000 after purchasing an additional 3,578 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in Whirlpool by 18.6% during the 3rd quarter. Janney Montgomery Scott LLC now owns 9,273 shares of the company’s stock worth $1,469,000 after purchasing an additional 1,457 shares in the last quarter. H2O AM LLP lifted its holdings in Whirlpool by 217.0% during the 2nd quarter. H2O AM LLP now owns 97,963 shares of the company’s stock worth $6,849,000 after purchasing an additional 67,063 shares in the last quarter. Prudential Financial Inc. lifted its holdings in Whirlpool by 72.1% during the 2nd quarter. Prudential Financial Inc. now owns 109,613 shares of the company’s stock worth $15,605,000 after purchasing an additional 45,922 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its holdings in Whirlpool by 8.5% during the 2nd quarter. Pacer Advisors Inc. now owns 5,975 shares of the company’s stock worth $851,000 after purchasing an additional 469 shares in the last quarter. Hedge funds and other institutional investors own 93.90% of the company’s stock.

In related news, Director Gary T. Dicamillo sold 833 shares of Whirlpool stock in a transaction on Friday, November 1st. The stock was sold at an average price of $153.41, for a total value of $127,790.53. Following the completion of the sale, the director now owns 6,667 shares of the company’s stock, valued at $1,022,784.47. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.91% of the stock is owned by insiders.

Shares of WHR traded up $1.11 on Wednesday, reaching $142.04. The stock had a trading volume of 607,235 shares, compared to its average volume of 809,763. The company has a 50-day simple moving average of $151.76 and a 200-day simple moving average of $143.48. The firm has a market capitalization of $9.04 billion, a price-to-earnings ratio of 9.37, a price-to-earnings-growth ratio of 2.37 and a beta of 1.74. Whirlpool Co. has a 12-month low of $99.40 and a 12-month high of $163.64. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.53 and a current ratio of 0.87.

Whirlpool (NYSE:WHR) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $3.97 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.90 by $0.07. Whirlpool had a return on equity of 28.06% and a net margin of 5.15%. The business had revenue of $5.10 billion during the quarter, compared to analysts’ expectations of $5.14 billion. During the same quarter in the previous year, the business earned $4.55 earnings per share. The firm’s quarterly revenue was down 4.2% compared to the same quarter last year. On average, analysts expect that Whirlpool Co. will post 15.38 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Friday, November 15th will be paid a $1.20 dividend. This represents a $4.80 annualized dividend and a dividend yield of 3.38%. The ex-dividend date is Thursday, November 14th. Whirlpool’s dividend payout ratio is currently 31.66%.

A number of analysts recently issued reports on WHR shares. Bank of America increased their price objective on Whirlpool from $150.00 to $157.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Buckingham Research set a $150.00 price objective on Whirlpool and gave the company a “hold” rating in a report on Tuesday, October 15th. ValuEngine upgraded Whirlpool from a “strong sell” rating to a “sell” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. upgraded Whirlpool from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $155.00 to $172.00 in a research report on Thursday, September 26th. Finally, Zacks Investment Research upgraded Whirlpool from a “hold” rating to a “buy” rating and set a $147.00 price target on the stock in a research report on Thursday, August 22nd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. Whirlpool currently has a consensus rating of “Hold” and an average target price of $155.94.

Whirlpool Profile

Whirlpool Corporation manufactures and markets home appliances and related products. It operates through four segments: North America; Europe, Middle East and Africa; Latin America; and Asia. The company's principal products include refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances and related laundry accessories; cooking appliances and other small domestic appliances; and dishwasher appliances and related accessories.

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Institutional Ownership by Quarter for Whirlpool (NYSE:WHR)

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