Whirlpool Co. (NYSE:WHR) Position Boosted by Round Hill Asset Management

Round Hill Asset Management increased its stake in Whirlpool Co. (NYSE:WHR) by 5.7% during the third quarter, HoldingsChannel.com reports. The fund owned 12,154 shares of the company’s stock after buying an additional 651 shares during the period. Round Hill Asset Management’s holdings in Whirlpool were worth $1,300,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of WHR. SouthState Corp purchased a new stake in shares of Whirlpool in the 2nd quarter valued at approximately $28,000. Ashton Thomas Private Wealth LLC purchased a new position in Whirlpool during the 2nd quarter worth approximately $32,000. Altshuler Shaham Ltd acquired a new stake in Whirlpool during the 2nd quarter valued at $32,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Whirlpool by 1,010.5% in the second quarter. EverSource Wealth Advisors LLC now owns 422 shares of the company’s stock valued at $43,000 after purchasing an additional 384 shares in the last quarter. Finally, UMB Bank n.a. lifted its holdings in shares of Whirlpool by 80.6% in the second quarter. UMB Bank n.a. now owns 428 shares of the company’s stock valued at $44,000 after purchasing an additional 191 shares in the last quarter. 90.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on WHR shares. Bank of America lifted their price target on Whirlpool from $101.00 to $103.00 and gave the company an “underperform” rating in a report on Friday, October 25th. JPMorgan Chase & Co. lifted their target price on Whirlpool from $103.00 to $109.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. Finally, Royal Bank of Canada reduced their price target on shares of Whirlpool from $76.00 to $74.00 and set an “underperform” rating for the company in a research report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $106.50.

Whirlpool Price Performance

Shares of NYSE:WHR opened at $112.52 on Friday. The business has a fifty day simple moving average of $105.97 and a 200 day simple moving average of $99.75. The company has a current ratio of 0.94, a quick ratio of 0.55 and a debt-to-equity ratio of 1.94. Whirlpool Co. has a 1 year low of $84.18 and a 1 year high of $125.68. The firm has a market cap of $6.20 billion, a price-to-earnings ratio of 11.10 and a beta of 1.44.

Whirlpool (NYSE:WHR) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $3.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.99 by $0.44. Whirlpool had a return on equity of 21.41% and a net margin of 3.19%. The business had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.09 billion. The firm’s revenue was down 18.9% on a year-over-year basis. During the same period in the previous year, the company earned $5.45 EPS. As a group, sell-side analysts predict that Whirlpool Co. will post 12.27 earnings per share for the current fiscal year.

Whirlpool Dividend Announcement

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 issued a dividend of $1.75 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 6.22%. Whirlpool’s dividend payout ratio is currently 69.03%.

Insider Activity at Whirlpool

In other news, EVP Juan Carlos Puente sold 3,266 shares of Whirlpool stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $100.00, for a total value of $326,600.00. Following the transaction, the executive vice president now owns 19,070 shares of the company’s stock, valued at $1,907,000. This trade represents a 14.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO James W. Peters sold 6,000 shares of the company’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $104.48, for a total transaction of $626,880.00. Following the sale, the chief financial officer now directly owns 41,570 shares of the company’s stock, valued at approximately $4,343,233.60. This represents a 12.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.05% of the stock is owned by company insiders.

Whirlpool Profile

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.