Kingswood Wealth Advisors LLC Makes New Investment in Whirlpool Co. (NYSE:WHR)

Kingswood Wealth Advisors LLC purchased a new position in shares of Whirlpool Co. (NYSE:WHR) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,183 shares of the company’s stock, valued at approximately $261,000.

Other hedge funds have also recently made changes to their positions in the company. Private Trust Co. NA lifted its stake in Whirlpool by 190.7% in the fourth quarter. Private Trust Co. NA now owns 282 shares of the company’s stock worth $34,000 after purchasing an additional 185 shares during the last quarter. ORG Partners LLC purchased a new position in Whirlpool in the 4th quarter worth approximately $37,000. Salem Investment Counselors Inc. purchased a new stake in shares of Whirlpool during the first quarter valued at approximately $45,000. Parallel Advisors LLC grew its holdings in shares of Whirlpool by 82.5% in the fourth quarter. Parallel Advisors LLC now owns 407 shares of the company’s stock worth $50,000 after purchasing an additional 184 shares during the last quarter. Finally, Federated Hermes Inc. grew its holdings in Whirlpool by 79.4% in the 4th quarter. Federated Hermes Inc. now owns 436 shares of the company’s stock worth $53,000 after acquiring an additional 193 shares during the last quarter. 90.78% of the stock is currently owned by institutional investors.

Whirlpool Stock Up 1.3 %

Shares of WHR stock opened at $102.19 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.58 and a debt-to-equity ratio of 2.56. Whirlpool Co. has a 12 month low of $84.18 and a 12 month high of $160.62. The stock has a market cap of $5.58 billion, a P/E ratio of 14.08 and a beta of 1.48. The company has a 50 day simple moving average of $92.94 and a two-hundred day simple moving average of $105.87.

Whirlpool (NYSE:WHR) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $1.78 EPS 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 firm had revenue of $4.49 billion during the quarter, compared to analyst estimates of $4.42 billion. During the same period in the prior year, the business posted $2.66 EPS. Whirlpool’s revenue was down 3.4% on a year-over-year basis. On average, research analysts expect that Whirlpool Co. will post 12.37 earnings per share for the current year.

Whirlpool Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Saturday, June 15th. Investors of record on Friday, May 17th were issued a $1.75 dividend. This represents a $7.00 annualized dividend and a yield of 6.85%. The ex-dividend date of this dividend was Thursday, May 16th. Whirlpool’s dividend payout ratio is 96.42%.

Wall Street Analyst Weigh In

WHR has been the topic of a number of research analyst reports. StockNews.com downgraded shares of Whirlpool from a “buy” rating to a “hold” rating in a research report on Friday, April 26th. Royal Bank of Canada reduced their price target on Whirlpool from $85.00 to $79.00 and set an “underperform” rating on the stock in a research note on Friday, April 26th. Finally, Bank of America increased their price target on shares of Whirlpool from $63.00 to $75.00 in a research note on Friday, May 17th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $111.00.

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.