Whirlpool Co. (NYSE:WHR) Stake Boosted by SG Americas Securities LLC

SG Americas Securities LLC grew its stake in shares of Whirlpool Co. (NYSE:WHR) by 51.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,129 shares of the company’s stock after acquiring an additional 1,404 shares during the period. SG Americas Securities LLC’s holdings in Whirlpool were worth $442,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Primecap Management Co. CA grew its holdings in shares of Whirlpool by 1.8% during the 2nd quarter. Primecap Management Co. CA now owns 4,858,250 shares of the company’s stock valued at $496,513,000 after acquiring an additional 84,574 shares in the last quarter. Newport Trust Company LLC boosted its holdings in Whirlpool by 23.8% in the second quarter. Newport Trust Company LLC now owns 1,402,941 shares of the company’s stock worth $143,381,000 after purchasing an additional 269,976 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Whirlpool by 46.8% in the second quarter. Dimensional Fund Advisors LP now owns 981,472 shares of the company’s stock worth $100,304,000 after purchasing an additional 312,729 shares in the last quarter. Deprince Race & Zollo Inc. boosted its holdings in Whirlpool by 84.4% in the second quarter. Deprince Race & Zollo Inc. now owns 532,466 shares of the company’s stock worth $54,418,000 after purchasing an additional 243,743 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Whirlpool by 1.8% in the second quarter. Bank of New York Mellon Corp now owns 462,308 shares of the company’s stock worth $47,248,000 after purchasing an additional 8,244 shares in the last quarter. 90.78% of the stock is currently owned by hedge funds and other institutional investors.

Whirlpool Stock Performance

NYSE:WHR opened at $104.83 on Thursday. Whirlpool Co. has a 12-month low of $84.18 and a 12-month high of $132.31. The company has a quick ratio of 0.58, a current ratio of 0.96 and a debt-to-equity ratio of 1.88. The firm has a market capitalization of $5.73 billion, a PE ratio of 14.44 and a beta of 1.44. The firm has a 50-day moving average price of $100.57 and a 200 day moving average price of $99.31.

Whirlpool (NYSE:WHR) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $2.39 earnings per share for the quarter, hitting the consensus estimate of $2.39. The company had revenue of $3.99 billion during 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%. The company’s revenue was down 16.8% on a year-over-year basis. During the same quarter last year, the business posted $4.21 earnings per share. Research analysts anticipate that Whirlpool Co. will post 11.31 earnings per share for the current fiscal year.

Whirlpool Announces Dividend

The company also recently disclosed 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 annualized dividend and a dividend yield of 6.68%. The ex-dividend date of this dividend is Friday, November 15th. Whirlpool’s payout ratio is 96.42%.

Insider Transactions at Whirlpool

In related news, EVP Juan Carlos Puente sold 3,266 shares of the firm’s stock in a transaction that occurred on 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 owns 19,070 shares of the company’s stock, valued at $1,907,000. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 2.05% of the company’s stock.

Analysts Set New Price Targets

WHR has been the subject of a number of recent research reports. Bank of America initiated coverage on shares of Whirlpool in a report on Tuesday, July 30th. They issued an “underperform” rating and a $88.00 price objective for the company. Royal Bank of Canada decreased their price objective on shares of Whirlpool from $79.00 to $76.00 and set an “underperform” rating for the company in a report on Friday, July 26th. 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 MarketBeat.com, the company has an average rating of “Hold” and a consensus price target 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.