Hanson & Doremus Investment Management Decreases Stock Holdings in Whirlpool Co. (NYSE:WHR)

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Hanson & Doremus Investment Management reduced its holdings in Whirlpool Co. (NYSE:WHR) by 1.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,146 shares of the company’s stock after selling 141 shares during the period. Hanson & Doremus Investment Management’s holdings in Whirlpool were worth $1,939,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. B & T Capital Management DBA Alpha Capital Management acquired a new stake in shares of Whirlpool during the third quarter worth $34,000. Doyle Wealth Management purchased a new position in Whirlpool in the 2nd quarter worth $35,000. Massey Quick Simon & CO. LLC purchased a new position in Whirlpool in the 3rd quarter worth $48,000. CSat Investment Advisory L.P. lifted its position in Whirlpool by 36.5% during the 2nd quarter. CSat Investment Advisory L.P. now owns 329 shares of the company’s stock worth $47,000 after acquiring an additional 88 shares during the period. Finally, North Star Investment Management Corp. acquired a new stake in Whirlpool during the 3rd quarter worth about $55,000. Institutional investors own 95.09% of the company’s stock.

Shares of NYSE WHR traded down $0.34 during trading on Thursday, reaching $153.59. 182,206 shares of the company traded hands, compared to its average volume of 563,258. The stock has a market cap of $9.68 billion, a P/E ratio of 10.13, a PEG ratio of 2.32 and a beta of 1.74. The firm’s fifty day simple moving average is $146.92 and its 200 day simple moving average is $147.17. The company has a current ratio of 0.87, a quick ratio of 0.53 and a debt-to-equity ratio of 1.20. Whirlpool Co. has a 12-month low of $114.00 and a 12-month high of $163.64.

Whirlpool (NYSE:WHR) last issued its earnings results on Tuesday, October 22nd. The company reported $3.97 EPS for the quarter, topping analysts’ consensus estimates of $3.90 by $0.07. Whirlpool had a return on equity of 28.06% and a net margin of 5.15%. The firm had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.14 billion. During the same quarter in the prior year, the business earned $4.55 earnings per share. The company’s revenue was down 4.2% compared to the same quarter last year. As a group, research analysts expect that Whirlpool Co. will post 15.42 EPS for the current year.

A number of research analysts have recently weighed in on WHR shares. Buckingham Research set a $150.00 price objective on Whirlpool and gave the company a “hold” rating in a report on Tuesday, October 15th. JPMorgan Chase & Co. raised Whirlpool from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $155.00 to $172.00 in a report on Thursday, September 26th. ValuEngine upgraded Whirlpool from a “strong sell” rating to a “sell” rating in a research report on Thursday, October 24th. Royal Bank of Canada reiterated a “sell” rating and issued a $129.00 price target on shares of Whirlpool in a report on Wednesday, December 18th. Finally, Bank of America increased their price target on shares of Whirlpool from $150.00 to $157.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $156.38.

In related news, Director Gary T. Dicamillo sold 833 shares of the 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 transaction, the director now directly owns 6,667 shares of the company’s stock, valued at approximately $1,022,784.47. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.91% of the stock is currently owned by insiders.

Whirlpool Company 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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