Dimensional Fund Advisors LP Has $100.30 Million Stock Position in Whirlpool Co. (NYSE:WHR)

Dimensional Fund Advisors LP boosted its stake in shares of Whirlpool Co. (NYSE:WHR) by 46.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 981,472 shares of the company’s stock after buying an additional 312,729 shares during the period. Dimensional Fund Advisors LP owned about 1.79% of Whirlpool worth $100,304,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. SouthState Corp purchased a new stake in shares of Whirlpool in the 2nd quarter valued at approximately $28,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Whirlpool in the second quarter worth $32,000. Salem Investment Counselors Inc. purchased a new position in shares of Whirlpool during the first quarter valued at $45,000. Parallel Advisors LLC lifted its stake in Whirlpool by 82.5% in the 4th quarter. Parallel Advisors LLC now owns 407 shares of the company’s stock worth $50,000 after acquiring an additional 184 shares in the last quarter. Finally, UMB Bank n.a. boosted its position in Whirlpool by 80.6% during the 2nd quarter. UMB Bank n.a. now owns 428 shares of the company’s stock worth $44,000 after acquiring an additional 191 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 firms have recently issued reports on WHR. Bank of America assumed coverage on shares of Whirlpool in a research report on Tuesday, July 30th. They issued an “underperform” rating and a $88.00 price target for the company. Royal Bank of Canada decreased their target price on shares of Whirlpool from $79.00 to $76.00 and set an “underperform” rating for the company 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 assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $103.75.

Whirlpool Trading Up 1.2 %

Shares of NYSE WHR opened at $103.56 on Wednesday. The stock has a market cap of $5.66 billion, a price-to-earnings ratio of 14.26 and a beta of 1.44. The business has a 50 day simple moving average of $99.14 and a 200 day simple moving average of $99.92. 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 52 week low of $84.18 and a 52 week high of $135.45.

Whirlpool (NYSE:WHR) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $2.39 EPS for the quarter, hitting the consensus estimate of $2.39. Whirlpool had a net margin of 2.89% and a return on equity of 27.67%. The company had revenue of $3.99 billion for the quarter, compared to analyst estimates of $3.96 billion. During the same quarter in the prior year, the business posted $4.21 EPS. Whirlpool’s quarterly revenue was down 16.8% on a year-over-year basis. On average, research analysts predict that Whirlpool Co. will post 11.31 earnings per share for the current fiscal year.

Whirlpool Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Sunday, September 15th. Shareholders of record on Friday, August 30th were given 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 6.76%. Whirlpool’s dividend payout ratio is currently 96.42%.

Insider Activity

In related 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 value of $326,600.00. Following the completion of the sale, the executive vice president now directly owns 19,070 shares in the company, valued at approximately $1,907,000. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.05% of the stock is currently owned by insiders.

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.