Brandes Investment Partners LP Has $739,000 Stock Position in Whirlpool Co. (NYSE:WHR)

Brandes Investment Partners LP boosted its holdings in shares of Whirlpool Co. (NYSE:WHR) by 110.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,233 shares of the company’s stock after acquiring an additional 3,790 shares during the quarter. Brandes Investment Partners LP’s holdings in Whirlpool were worth $739,000 at the end of the most recent quarter.

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

Insiders Place Their Bets

In related news, EVP Juan Carlos Puente sold 3,266 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $100.00, for a total value of $326,600.00. Following the completion of the transaction, the executive vice president now directly owns 19,070 shares in the company, valued at $1,907,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.05% of the company’s stock.

Whirlpool Stock Performance

WHR opened at $107.00 on Tuesday. The stock has a 50-day moving average of $99.03 and a 200-day moving average of $99.86. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.58 and a current ratio of 0.96. Whirlpool Co. has a 52-week low of $84.18 and a 52-week high of $134.28. The company has a market cap of $5.85 billion, a PE ratio of 14.82 and a beta of 1.44.

Whirlpool (NYSE:WHR) last posted its earnings results on Wednesday, July 24th. The company reported $2.39 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.39. The business had revenue of $3.99 billion for the quarter, compared to analyst estimates of $3.96 billion. Whirlpool had a net margin of 2.89% and a return on equity of 27.67%. Whirlpool’s revenue was down 16.8% compared to the same quarter last year. During the same period last year, the business posted $4.21 EPS. As a group, equities research analysts forecast that Whirlpool Co. will post 11.31 earnings per share for the current fiscal year.

Whirlpool Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Sunday, September 15th. Shareholders of record on Friday, August 30th were issued a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a yield of 6.54%. The ex-dividend date of this dividend was Friday, August 30th. Whirlpool’s dividend payout ratio (DPR) is presently 96.42%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Royal Bank of Canada dropped their target price on Whirlpool from $79.00 to $76.00 and set an “underperform” rating on the stock in a research report on Friday, July 26th. Bank of America began coverage on Whirlpool in a report on Tuesday, July 30th. They issued an “underperform” rating and a $88.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $103.75.

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.