Victory Capital Management Inc. Has $1.17 Million Stock Holdings in Whirlpool Co. (NYSE:WHR)

Victory Capital Management Inc. lowered its holdings in shares of Whirlpool Co. (NYSE:WHR) by 6.4% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,890 shares of the company’s stock after selling 748 shares during the period. Victory Capital Management Inc.’s holdings in Whirlpool were worth $1,165,000 as of its most recent filing with the SEC.

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

Insider Buying and Selling

In other news, CFO James W. Peters sold 6,000 shares of Whirlpool stock in a transaction on Monday, October 28th. The shares were sold at an average price of $104.48, for a total value of $626,880.00. Following the completion of the sale, the chief financial officer now owns 41,570 shares in the company, valued at $4,343,233.60. The trade was a 12.61 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 directly owns 19,070 shares in the company, valued at approximately $1,907,000. This represents a 14.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.05% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on WHR. Bank of America increased their price target on Whirlpool from $101.00 to $103.00 and gave the company an “underperform” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. increased their target price on Whirlpool from $103.00 to $109.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Finally, Royal Bank of Canada reduced their price target on Whirlpool from $76.00 to $74.00 and set an “underperform” rating on the stock in a report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $106.50.

Whirlpool Stock Down 4.8 %

Shares of NYSE:WHR opened at $112.36 on Wednesday. The firm has a market cap of $6.20 billion, a P/E ratio of 11.08 and a beta of 1.44. Whirlpool Co. has a 12-month low of $84.18 and a 12-month high of $125.68. The business has a fifty day simple moving average of $106.53 and a 200 day simple moving average of $100.10. The company has a quick ratio of 0.55, a current ratio of 0.94 and a debt-to-equity ratio of 1.94.

Whirlpool (NYSE:WHR) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $3.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.99 by $0.44. Whirlpool had a return on equity of 21.41% and a net margin of 3.19%. The company had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same period last year, the company earned $5.45 earnings per share. The firm’s revenue was down 18.9% compared to the same quarter last year. Analysts predict that Whirlpool Co. will post 12.27 earnings per share for the current 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 given a dividend of $1.75 per share. This represents a $7.00 annualized dividend and a dividend yield of 6.23%. The ex-dividend date is Friday, November 15th. Whirlpool’s dividend payout ratio (DPR) is presently 69.03%.

Whirlpool 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.