Legacy Financial Advisors Inc. Grows Stock Holdings in Whirlpool Co. (NYSE:WHR)

Legacy Financial Advisors Inc. lifted its position in Whirlpool Co. (NYSE:WHR) by 94.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,498 shares of the company’s stock after purchasing an additional 2,672 shares during the quarter. Legacy Financial Advisors Inc.’s holdings in Whirlpool were worth $562,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of WHR. Brown Advisory Inc. bought a new stake in shares of Whirlpool in the 4th quarter worth approximately $248,000. Norges Bank purchased a new stake in shares of Whirlpool during the fourth quarter valued at approximately $31,503,000. Dynamic Technology Lab Private Ltd purchased a new position in Whirlpool in the 4th quarter worth about $419,000. Quest Partners LLC purchased a new position in Whirlpool in the fourth quarter worth about $294,000. Finally, SageView Advisory Group LLC raised its position in Whirlpool by 19.7% in the fourth quarter. SageView Advisory Group LLC now owns 2,772 shares of the company’s stock worth $338,000 after acquiring an additional 457 shares during the period. 90.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on WHR shares. Bank of America started coverage on 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 dropped their price target on shares of Whirlpool from $79.00 to $76.00 and set an “underperform” rating for the company in a research report on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $103.75.

Whirlpool Price Performance

Shares of NYSE:WHR opened at $102.41 on Friday. The firm has a market cap of $5.60 billion, a price-to-earnings ratio of 14.11 and a beta of 1.44. The firm has a fifty day moving average price of $99.48 and a 200 day moving average price of $100.05. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.58 and a current ratio of 0.96. Whirlpool Co. has a fifty-two week low of $84.18 and a fifty-two week high of $135.45.

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 the consensus estimate of $2.39. The business had revenue of $3.99 billion during 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 firm’s revenue for the quarter was down 16.8% compared to the same quarter last year. During the same quarter last year, the business posted $4.21 EPS. As a group, sell-side analysts expect that Whirlpool Co. will post 11.31 earnings per share for the current fiscal year.

Whirlpool Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, September 15th. Shareholders of record on Friday, August 30th were paid a $1.75 dividend. 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 6.84%. Whirlpool’s payout ratio is currently 96.42%.

Insider Activity

In other Whirlpool news, EVP Juan Carlos Puente sold 3,266 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 19,070 shares of the company’s stock, valued at $1,907,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.05% of the company’s stock.

Whirlpool Company 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.