Integrated Advisors Network LLC Acquires Shares of 2,886 Whirlpool Co. (NYSE:WHR)

Integrated Advisors Network LLC bought a new position in shares of Whirlpool Co. (NYSE:WHR) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,886 shares of the company’s stock, valued at approximately $309,000.

Other large investors have also recently added to or reduced their stakes in the company. SouthState Corp bought a new stake in shares of Whirlpool during the 2nd quarter worth approximately $28,000. Ashton Thomas Private Wealth LLC acquired a new stake in Whirlpool during the 2nd quarter valued at approximately $32,000. Altshuler Shaham Ltd acquired a new stake in shares of Whirlpool during the second quarter worth $32,000. EverSource Wealth Advisors LLC raised its position in shares of Whirlpool by 1,010.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 422 shares of the company’s stock worth $43,000 after acquiring an additional 384 shares in the last quarter. Finally, UMB Bank n.a. increased its holdings in Whirlpool by 80.6% in the second quarter. UMB Bank n.a. now owns 428 shares of the company’s stock worth $44,000 after purchasing an additional 191 shares in the last quarter. Institutional investors own 90.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on WHR. Royal Bank of Canada dropped their price objective on shares of Whirlpool from $76.00 to $74.00 and set an “underperform” rating on the stock in a report on Friday, October 25th. Bank of America lifted their price objective on shares of Whirlpool from $101.00 to $103.00 and gave the stock an “underperform” rating in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. upped their target price on Whirlpool from $103.00 to $109.00 and gave the company a “neutral” rating in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Whirlpool currently has a consensus rating of “Hold” and a consensus price target of $106.50.

Whirlpool Stock Down 0.3 %

Shares of NYSE WHR opened at $103.16 on Friday. The company has a debt-to-equity ratio of 1.94, a current ratio of 0.94 and a quick ratio of 0.55. Whirlpool Co. has a one year low of $84.18 and a one year high of $125.68. The firm’s 50 day simple moving average is $102.50 and its two-hundred day simple moving average is $98.63. The stock has a market capitalization of $5.69 billion, a P/E ratio of 10.17 and a beta of 1.44.

Whirlpool (NYSE:WHR) last posted its earnings results on Wednesday, October 23rd. The company reported $3.43 earnings per share (EPS) for the quarter, topping 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 company had revenue of $3.99 billion for the quarter, compared to analysts’ expectations of $4.09 billion. During the same period last year, the firm earned $5.45 earnings per share. Whirlpool’s quarterly revenue was down 18.9% on a year-over-year basis. As a group, analysts expect that Whirlpool Co. will post 12.19 EPS for the current fiscal year.

Whirlpool Announces Dividend

The company 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. This represents a $7.00 dividend on an annualized basis and a dividend yield of 6.79%. The ex-dividend date is Friday, November 15th. Whirlpool’s payout ratio is 69.03%.

Insider Activity at Whirlpool

In other Whirlpool news, CFO James W. Peters sold 6,000 shares of the 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 in the company, valued at approximately $4,343,233.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Whirlpool news, EVP Juan Carlos Puente sold 3,266 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $100.00, for a total transaction of $326,600.00. Following the completion of the sale, the executive vice president now directly owns 19,070 shares in the company, valued at approximately $1,907,000. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO James W. Peters sold 6,000 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $104.48, for a total value of $626,880.00. Following the completion of the transaction, the chief financial officer now owns 41,570 shares in the company, valued at approximately $4,343,233.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.05% of the stock is owned by insiders.

Whirlpool Company 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.