Whirlpool Co. (NYSE:WHR) Shares Sold by Sugarloaf Wealth Management LLC

Sugarloaf Wealth Management LLC decreased its holdings in shares of Whirlpool Co. (NYSE:WHR) by 76.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 247 shares of the company’s stock after selling 813 shares during the period. Sugarloaf Wealth Management LLC’s holdings in Whirlpool were worth $26,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Fulton Bank N.A. increased its position in Whirlpool by 7.1% during the 3rd quarter. Fulton Bank N.A. now owns 3,321 shares of the company’s stock worth $355,000 after purchasing an additional 221 shares during the period. Kwmg LLC increased its position in Whirlpool by 4.3% during the 3rd quarter. Kwmg LLC now owns 45,918 shares of the company’s stock worth $4,913,000 after purchasing an additional 1,898 shares during the period. Rockland Trust Co. increased its position in Whirlpool by 4.5% during the 3rd quarter. Rockland Trust Co. now owns 8,193 shares of the company’s stock worth $877,000 after purchasing an additional 354 shares during the period. Park Avenue Securities LLC grew its holdings in shares of Whirlpool by 3.3% in the 3rd quarter. Park Avenue Securities LLC now owns 7,102 shares of the company’s stock worth $760,000 after acquiring an additional 228 shares during the period. Finally, SG Americas Securities LLC grew its holdings in shares of Whirlpool by 51.5% in the 3rd quarter. SG Americas Securities LLC now owns 4,129 shares of the company’s stock worth $442,000 after acquiring an additional 1,404 shares during the period. Institutional investors and hedge funds own 90.78% of the company’s stock.

Insiders Place Their Bets

In other Whirlpool news, EVP Juan Carlos Puente sold 3,266 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $100.00, for a total transaction 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 represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 2.05% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Whirlpool Price Performance

Shares of NYSE:WHR opened at $103.51 on Wednesday. The business’s fifty day moving average price is $99.51 and its two-hundred day moving average price is $99.77. The stock has a market cap of $5.66 billion, a PE ratio of 14.26 and a beta of 1.44. 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 one year low of $84.18 and a one year high of $132.31.

Whirlpool (NYSE:WHR) last announced its earnings results on Wednesday, July 24th. The company reported $2.39 EPS for the quarter, meeting analysts’ consensus estimates of $2.39. The firm had revenue of $3.99 billion for the quarter, compared to analysts’ expectations of $3.96 billion. Whirlpool had a return on equity of 27.67% and a net margin of 2.89%. Whirlpool’s quarterly revenue was down 16.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.21 EPS. On average, analysts forecast that Whirlpool Co. will post 11.31 EPS for the current fiscal year.

Whirlpool Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, September 15th. Shareholders of record on Friday, August 30th were paid a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a dividend yield of 6.76%. The ex-dividend date of this dividend was Friday, August 30th. Whirlpool’s dividend payout ratio is presently 96.42%.

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.