Whirlpool Co. (NYSE:WHR) Shares Bought by LHM Inc.

LHM Inc. increased its position in Whirlpool Co. (NYSE:WHR) by 84.2% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 37,415 shares of the company’s stock after purchasing an additional 17,105 shares during the period. Whirlpool accounts for about 1.4% of LHM Inc.’s investment portfolio, making the stock its 10th biggest holding. LHM Inc. owned about 0.07% of Whirlpool worth $3,824,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Primecap Management Co. CA grew its stake in Whirlpool by 1.8% in the second quarter. Primecap Management Co. CA now owns 4,858,250 shares of the company’s stock worth $496,513,000 after purchasing an additional 84,574 shares in the last quarter. Dimensional Fund Advisors LP grew its stake 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. Bank of New York Mellon Corp lifted 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 acquiring an additional 8,244 shares during the last quarter. FIFTHDELTA Ltd bought a new position in Whirlpool in the first quarter worth about $50,986,000. Finally, Russell Investments Group Ltd. lifted its holdings in Whirlpool by 73.2% in the first quarter. Russell Investments Group Ltd. now owns 321,077 shares of the company’s stock worth $38,408,000 after acquiring an additional 135,740 shares during the last quarter. 90.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity 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 transaction of $326,600.00. Following the transaction, the executive vice president now owns 19,070 shares in the company, valued at $1,907,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.05% of the company’s stock.

Whirlpool Stock Performance

WHR opened at $103.40 on Friday. The business’s 50 day moving average is $99.63 and its 200-day moving average is $100.10. The stock has a market cap of $5.68 billion, a PE ratio of 14.24 and a beta of 1.44. The company has a current ratio of 0.96, a quick ratio of 0.58 and a debt-to-equity ratio of 1.88. Whirlpool Co. has a twelve month low of $84.18 and a twelve month high of $138.90.

Whirlpool (NYSE:WHR) last released its quarterly earnings results on Wednesday, July 24th. The company reported $2.39 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.39. The company 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%. The business’s revenue for the quarter was down 16.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.21 earnings per share. On average, analysts predict that Whirlpool Co. will post 11.31 earnings per share for the current year.

Whirlpool Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, September 15th. Stockholders of record on Friday, August 30th were issued a dividend of $1.75 per share. The ex-dividend date was Friday, August 30th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 6.77%. Whirlpool’s dividend payout ratio (DPR) is presently 96.42%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on WHR. Royal Bank of Canada cut their target price on shares of Whirlpool from $79.00 to $76.00 and set an “underperform” rating on the stock in a report on Friday, July 26th. Bank of America began coverage on shares of Whirlpool in a report on Tuesday, July 30th. They issued an “underperform” rating and a $88.00 target price on the stock. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Whirlpool presently has an average 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.