Wolf Hill Capital Management LP Makes New Investment in Whirlpool Co. (NYSE:WHR)

Wolf Hill Capital Management LP purchased a new stake in Whirlpool Co. (NYSE:WHR) in the second quarter, according to its most recent filing with the SEC. The fund purchased 138,616 shares of the company’s stock, valued at approximately $14,167,000. Whirlpool comprises 1.4% of Wolf Hill Capital Management LP’s portfolio, making the stock its 16th biggest position. Wolf Hill Capital Management LP owned approximately 0.25% of Whirlpool as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in WHR. SouthState Corp bought a new stake in Whirlpool during the second quarter valued at $28,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Whirlpool during the 2nd quarter valued at about $32,000. Salem Investment Counselors Inc. bought a new position in Whirlpool in the first quarter worth about $45,000. Parallel Advisors LLC boosted its stake in Whirlpool by 82.5% in the fourth quarter. Parallel Advisors LLC now owns 407 shares of the company’s stock valued at $50,000 after acquiring an additional 184 shares during the period. Finally, UMB Bank n.a. grew its holdings in shares of Whirlpool by 80.6% during the second quarter. UMB Bank n.a. now owns 428 shares of the company’s stock valued at $44,000 after purchasing an additional 191 shares during the last quarter. 90.78% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Whirlpool news, 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 completion of the transaction, the executive vice president now directly owns 19,070 shares of the company’s stock, valued at approximately $1,907,000. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.05% of the stock is owned by corporate insiders.

Whirlpool Stock Down 0.8 %

WHR opened at $102.50 on Friday. The stock’s 50 day moving average price is $99.48 and its 200 day moving average price is $100.07. 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 stock has a market cap of $5.63 billion, a P/E ratio of 14.12 and a beta of 1.44. Whirlpool Co. has a 12 month low of $84.18 and a 12 month high of $135.45.

Whirlpool (NYSE:WHR) last issued its quarterly earnings results on Wednesday, July 24th. The company reported $2.39 EPS for the quarter, meeting analysts’ consensus estimates of $2.39. The company had revenue of $3.99 billion for the quarter, compared to analyst estimates of $3.96 billion. Whirlpool had a return on equity of 27.67% and a net margin of 2.89%. The company’s quarterly revenue was down 16.8% compared to the same quarter last year. During the same period last year, the company earned $4.21 earnings per share. As a group, research analysts predict that Whirlpool Co. will post 11.31 earnings per share for the current year.

Whirlpool Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Sunday, September 15th. Investors of record on Friday, August 30th were paid a dividend of $1.75 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 6.83%. Whirlpool’s dividend payout ratio is presently 96.42%.

Analyst Ratings Changes

Several analysts recently issued reports on WHR shares. Bank of America initiated coverage on Whirlpool in a research report on Tuesday, July 30th. They set an “underperform” rating and a $88.00 price objective for the company. Royal Bank of Canada cut their target price on Whirlpool from $79.00 to $76.00 and set an “underperform” rating on the stock in a research note on Friday, July 26th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, Whirlpool has an average rating of “Hold” and an average 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.