Whirlpool Corp. CFO Larry M. Venturelli Sells 21,864 Shares (WHR)
Whirlpool Corp. (NYSE:WHR) CFO Larry M. Venturelli sold 21,864 shares of the stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $153.02, for a total value of $3,345,629.28. Following the transaction, the chief financial officer now directly owns 6,194 shares in the company, valued at approximately $947,806. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Whirlpool Corp. (NYSE:WHR) traded down 0.01% during mid-day trading on Monday, hitting $152.49. 487,114 shares of the company’s stock traded hands. Whirlpool Corp. has a one year low of $107.88 and a one year high of $160.01. The stock’s 50-day moving average is $149.4 and its 200-day moving average is $147.2. The company has a market cap of $11.855 billion and a P/E ratio of 16.68.
Whirlpool Corp. (NYSE:WHR) last issued its quarterly earnings data on Friday, April 25th. The company reported $2.20 EPS for the quarter, missing the Thomson Reuters consensus estimate of $2.33 by $0.13. The company had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter in the prior year, the company posted $1.97 earnings per share. The company’s quarterly revenue was up 2.7% on a year-over-year basis. On average, analysts predict that Whirlpool Corp. will post $12.33 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Sunday, June 15th. Investors of record on Friday, May 16th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 1.97%. The ex-dividend date is Wednesday, May 14th. This is an increase from Whirlpool Corp.’s previous quarterly dividend of $0.63.
WHR has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. raised their price target on shares of Whirlpool Corp. from $152.00 to $160.00 in a research note on Monday, April 28th. They now have a “neutral” rating on the stock. Separately, analysts at Ned Davis Research upgraded shares of Whirlpool Corp. from a “neutral” rating to a “buy” rating in a research note on Monday, March 3rd. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Whirlpool Corp. in a research note on Tuesday, February 11th. They now have a $143.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $158.50.
Whirlpool Corporation (NYSE:WHR) is a manufacturer and marketer of home appliances.
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