Insider Selling: Whirlpool Corp. Insider Unloads 69,000 Shares of Stock (WHR)
Whirlpool Corp. (NYSE:WHR) Insider Michael Todman sold 69,000 shares of Whirlpool Corp. stock on the open market in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $134.99, for a total transaction of $9,314,310.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on WHR. Analysts at Thomson Reuters/Verus upgraded shares of Whirlpool Corp. (NYSE:WHR) from a “sell” rating to a “hold” rating in a research note to investors on Monday, August 26th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Whirlpool Corp. (NYSE:WHR) in a research note to investors on Wednesday, July 31st. They now have a $138.00 price target on the stock. Finally, analysts at KeyCorp raised their price target on shares of Whirlpool Corp. (NYSE:WHR) to $140.00 in a research note to investors on Thursday, July 18th. They now have a “buy” rating on the stock.
Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $133.86.
Shares of Whirlpool Corp. (NYSE:WHR) traded up 1.49% on Friday, hitting $136.94. The stock had a trading volume of 557,349 shares. Whirlpool Corp. has a one year low of $80.61 and a one year high of $138.33. The stock has a 50-day moving average of $132.8 and a 200-day moving average of $123.1. The company has a market cap of $10.855 billion and a P/E ratio of 16.78.
Whirlpool Corp. (NYSE:WHR) last released its earnings data on Friday, July 19th. The company reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.01. The company had revenue of $4.75 billion for the quarter, compared to the consensus estimate of $4.67 billion. During the same quarter in the previous year, the company posted $1.55 earnings per share. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. On average, analysts predict that Whirlpool Corp. will post $10.05 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Sunday, September 15th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.63 per share. This represents a $2.50 annualized dividend and a dividend yield of 1.85%. The ex-dividend date is Wednesday, August 28th.
Whirlpool Corporation (NYSE:WHR) is a manufacturer and marketer of home appliances.
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