Whirlpool Co. (NYSE:WHR) Shares Acquired by Sigma Planning Corp

Sigma Planning Corp boosted its stake in Whirlpool Co. (NYSE:WHR) by 6.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,170 shares of the company’s stock after purchasing an additional 130 shares during the quarter. Sigma Planning Corp’s holdings in Whirlpool were worth $232,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in WHR. SouthState Corp purchased a new stake in Whirlpool during the second quarter valued at about $28,000. Altshuler Shaham Ltd acquired a new position in shares of Whirlpool in the 2nd quarter valued at about $32,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Whirlpool in the 2nd quarter valued at about $32,000. EverSource Wealth Advisors LLC grew its holdings in shares of Whirlpool by 1,010.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 422 shares of the company’s stock worth $43,000 after purchasing an additional 384 shares during the period. Finally, UMB Bank n.a. raised its holdings in 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 buying an additional 191 shares during the period. 90.78% of the stock is currently owned by institutional investors and hedge funds.

Whirlpool Stock Performance

Whirlpool stock opened at $112.30 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. The firm’s fifty day moving average price is $104.48 and its 200 day moving average price is $99.19. The company has a market capitalization of $6.19 billion, a price-to-earnings ratio of 11.07 and a beta of 1.44. Whirlpool Co. has a 12-month low of $84.18 and a 12-month high of $125.68.

Whirlpool (NYSE:WHR) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $3.43 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 business had revenue of $3.99 billion for the quarter, compared to analysts’ expectations of $4.09 billion. During the same quarter in the previous year, the firm posted $5.45 earnings per share. The company’s revenue was down 18.9% compared to the same quarter last year. On average, research analysts forecast that Whirlpool Co. will post 12.27 EPS for the current fiscal year.

Whirlpool Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Friday, November 15th will be paid a dividend of $1.75 per share. This represents a $7.00 annualized dividend and a dividend yield of 6.23%. The ex-dividend date is Friday, November 15th. Whirlpool’s dividend payout ratio (DPR) is currently 69.03%.

Insider Transactions at Whirlpool

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

Analyst Ratings Changes

WHR has been the subject of several research reports. Bank of America boosted their price objective on shares of Whirlpool from $101.00 to $103.00 and gave the stock an “underperform” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. increased their price target on Whirlpool from $103.00 to $109.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. Finally, Royal Bank of Canada reduced their price objective on Whirlpool from $76.00 to $74.00 and set an “underperform” rating on the stock in a research note on Friday, October 25th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Whirlpool presently has a consensus rating of “Hold” and a consensus target price of $106.50.

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.