Radnor Capital Management LLC Decreases Position in Whirlpool Co. (NYSE:WHR)

Radnor Capital Management LLC trimmed its holdings in shares of Whirlpool Co. (NYSE:WHR) by 21.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,825 shares of the company’s stock after selling 498 shares during the period. Radnor Capital Management LLC’s holdings in Whirlpool were worth $218,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of WHR. Private Trust Co. NA grew its holdings in Whirlpool by 190.7% in the 4th quarter. Private Trust Co. NA now owns 282 shares of the company’s stock worth $34,000 after acquiring an additional 185 shares during the last quarter. ORG Partners LLC bought a new position in Whirlpool during the 4th quarter valued at approximately $37,000. Salem Investment Counselors Inc. purchased a new stake in Whirlpool in the 1st quarter worth approximately $45,000. Parallel Advisors LLC grew its position in shares of Whirlpool by 82.5% in the 4th quarter. Parallel Advisors LLC now owns 407 shares of the company’s stock worth $50,000 after buying an additional 184 shares during the last quarter. Finally, Federated Hermes Inc. raised its holdings in shares of Whirlpool by 79.4% during the fourth quarter. Federated Hermes Inc. now owns 436 shares of the company’s stock valued at $53,000 after acquiring an additional 193 shares in the last quarter. 90.78% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

WHR has been the subject of several recent research reports. Royal Bank of Canada lowered their price objective on Whirlpool from $85.00 to $79.00 and set an “underperform” rating for the company in a research report on Friday, April 26th. Bank of America raised their price target on shares of Whirlpool from $63.00 to $75.00 in a research report on Friday, May 17th. Finally, StockNews.com cut Whirlpool from a “buy” rating to a “hold” rating in a research report on Friday, April 26th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, Whirlpool presently has an average rating of “Hold” and an average price target of $111.00.

Whirlpool Price Performance

Whirlpool stock traded up $0.83 during mid-day trading on Friday, hitting $90.43. The stock had a trading volume of 1,282,448 shares, compared to its average volume of 1,199,106. The company has a current ratio of 0.95, a quick ratio of 0.58 and a debt-to-equity ratio of 2.56. The firm’s 50 day moving average is $93.76 and its 200 day moving average is $106.31. The firm has a market capitalization of $4.94 billion, a P/E ratio of 12.46 and a beta of 1.48. Whirlpool Co. has a one year low of $84.18 and a one year high of $160.62.

Whirlpool (NYSE:WHR) last posted its quarterly earnings results on Wednesday, April 24th. The company reported $1.78 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.17. Whirlpool had a return on equity of 35.16% and a net margin of 2.07%. The business had revenue of $4.49 billion during the quarter, compared to the consensus estimate of $4.42 billion. During the same period in the prior year, the company posted $2.66 EPS. The firm’s revenue for the quarter was down 3.4% compared to the same quarter last year. On average, sell-side analysts forecast that Whirlpool Co. will post 12.37 earnings per share for the current fiscal year.

Whirlpool Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, June 15th. Shareholders of record on Friday, May 17th were given a dividend of $1.75 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $7.00 annualized dividend and a dividend yield of 7.74%. Whirlpool’s dividend payout ratio (DPR) is presently 96.42%.

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.