Empowered Funds LLC Cuts Stake in Whirlpool Co. (NYSE:WHR)

Empowered Funds LLC lowered its position in Whirlpool Co. (NYSE:WHRFree Report) by 46.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,589 shares of the company’s stock after selling 2,215 shares during the period. Empowered Funds LLC’s holdings in Whirlpool were worth $277,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently modified their holdings of WHR. SouthState Corp acquired a new stake in Whirlpool in the second quarter valued at $28,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Whirlpool in the second quarter worth $32,000. Altshuler Shaham Ltd purchased a new stake in shares of Whirlpool in the second quarter valued at $32,000. EverSource Wealth Advisors LLC boosted its stake in shares of Whirlpool by 1,010.5% during the second quarter. EverSource Wealth Advisors LLC now owns 422 shares of the company’s stock valued at $43,000 after acquiring an additional 384 shares during the last quarter. Finally, UMB Bank n.a. increased its position in Whirlpool by 80.6% during the 2nd quarter. UMB Bank n.a. now owns 428 shares of the company’s stock worth $44,000 after purchasing an additional 191 shares in the last quarter. 90.78% of the stock is currently owned by hedge funds and other institutional investors.

Whirlpool Stock Up 5.0 %

Shares of NYSE:WHR opened at $118.12 on Tuesday. The company has a 50 day moving average of $106.32 and a two-hundred day moving average of $99.98. Whirlpool Co. has a 52-week low of $84.18 and a 52-week high of $125.68. The company has a quick ratio of 0.55, a current ratio of 0.94 and a debt-to-equity ratio of 1.94. The company has a market capitalization of $6.51 billion, a price-to-earnings ratio of 11.65 and a beta of 1.44.

Whirlpool (NYSE:WHRGet Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $3.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.99 by $0.44. The firm had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $4.09 billion. Whirlpool had a net margin of 3.19% and a return on equity of 21.41%. The firm’s quarterly revenue was down 18.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $5.45 EPS. As a group, analysts forecast that Whirlpool Co. will post 12.27 earnings per share for the current fiscal year.

Whirlpool Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Friday, November 15th will be paid a dividend of $1.75 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $7.00 dividend on an annualized basis and a yield of 5.93%. Whirlpool’s dividend payout ratio (DPR) is 69.03%.

Insider Transactions at Whirlpool

In related news, CFO James W. Peters sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $104.48, for a total transaction of $626,880.00. Following the sale, the chief financial officer now directly owns 41,570 shares of the company’s stock, valued at approximately $4,343,233.60. This represents a 12.61 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Juan Carlos Puente sold 3,266 shares of the firm’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 transaction, the executive vice president now owns 19,070 shares in the company, valued at $1,907,000. This trade represents a 14.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on WHR shares. Royal Bank of Canada decreased their price target on shares of Whirlpool from $76.00 to $74.00 and set an “underperform” rating on the stock in a research note on Friday, October 25th. Bank of America upped their price target on Whirlpool from $101.00 to $103.00 and gave the stock an “underperform” rating in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. raised their target price on shares of Whirlpool from $103.00 to $109.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Whirlpool has an average rating of “Hold” and a consensus target price of $106.50.

Read Our Latest Analysis on Whirlpool

Whirlpool Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Whirlpool (NYSE:WHR)

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