Brown Brothers Harriman & Co. Acquires 1,023 Shares of Whirlpool Co. (NYSE:WHR)

Brown Brothers Harriman & Co. boosted its holdings in Whirlpool Co. (NYSE:WHR) by 161.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,656 shares of the company’s stock after buying an additional 1,023 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in Whirlpool were worth $169,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. V Square Quantitative Management LLC boosted its position in shares of Whirlpool by 5.9% during the 4th quarter. V Square Quantitative Management LLC now owns 1,786 shares of the company’s stock valued at $217,000 after purchasing an additional 100 shares in the last quarter. Private Advisor Group LLC increased its stake in shares of Whirlpool by 2.6% in the 1st quarter. Private Advisor Group LLC now owns 5,006 shares of the company’s stock valued at $599,000 after acquiring an additional 125 shares in the last quarter. Greenleaf Trust lifted its position in shares of Whirlpool by 8.1% during the 1st quarter. Greenleaf Trust now owns 1,880 shares of the company’s stock valued at $225,000 after acquiring an additional 141 shares during the period. Arizona State Retirement System lifted its position in shares of Whirlpool by 1.1% during the 2nd quarter. Arizona State Retirement System now owns 15,247 shares of the company’s stock valued at $1,558,000 after acquiring an additional 172 shares during the period. Finally, Park Avenue Securities LLC grew its holdings in Whirlpool by 2.5% in the first quarter. Park Avenue Securities LLC now owns 7,005 shares of the company’s stock worth $838,000 after purchasing an additional 174 shares during the period. Institutional investors own 90.78% of the company’s stock.

Whirlpool Trading Down 0.9 %

NYSE:WHR opened at $100.88 on Thursday. Whirlpool Co. has a one year low of $84.18 and a one year high of $138.90. The company has a market cap of $5.54 billion, a PE ratio of 13.90 and a beta of 1.44. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.96 and a quick ratio of 0.58. The firm has a 50-day moving average of $99.73 and a 200-day moving average of $100.07.

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

Whirlpool Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Sunday, September 15th. Shareholders of record on Friday, August 30th were issued a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a yield of 6.94%. The ex-dividend date was Friday, August 30th. Whirlpool’s dividend 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 dated Tuesday, September 3rd. The shares were 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 of the company’s stock, valued at $1,907,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.05% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on WHR shares. Bank of America started coverage on shares of Whirlpool in a research report on Tuesday, July 30th. They set an “underperform” rating and a $88.00 price objective on the stock. Royal Bank of Canada cut 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 assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $103.75.

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.