Whirlpool Co. (NYSE:WHR) Stock Holdings Lowered by Empowered Funds LLC

Empowered Funds LLC lessened its position in Whirlpool Co. (NYSE:WHR) by 46.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,589 shares of the company’s stock after selling 2,215 shares during the period. Empowered Funds LLC’s holdings in Whirlpool were worth $277,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of WHR. CreativeOne Wealth LLC bought a new stake in shares of Whirlpool during the first quarter valued at approximately $211,000. SVB Wealth LLC acquired a new position in Whirlpool during the 1st quarter worth $217,000. Jacobs Levy Equity Management Inc. grew its stake in shares of Whirlpool by 5.3% in the first quarter. Jacobs Levy Equity Management Inc. now owns 14,957 shares of the company’s stock worth $1,789,000 after purchasing an additional 757 shares in the last quarter. Tidal Investments LLC grew its stake in shares of Whirlpool by 47.3% in the first quarter. Tidal Investments LLC now owns 2,608 shares of the company’s stock worth $310,000 after purchasing an additional 837 shares in the last quarter. Finally, Comerica Bank increased its holdings in shares of Whirlpool by 126.0% during the first quarter. Comerica Bank now owns 24,916 shares of the company’s stock valued at $2,981,000 after purchasing an additional 13,893 shares during the period. 90.78% of the stock is currently owned by institutional investors.

Insider Transactions at Whirlpool

In related news, CFO James W. Peters sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $104.48, for a total value of $626,880.00. Following the completion of the transaction, the chief financial officer now owns 41,570 shares of the company’s stock, valued at approximately $4,343,233.60. This trade represents a 12.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Juan Carlos Puente sold 3,266 shares of the business’s stock in a transaction 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 sale, the executive vice president now directly owns 19,070 shares in the company, valued at approximately $1,907,000. This trade represents a 14.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.05% of the stock is owned by insiders.

Whirlpool Price Performance

Shares of NYSE WHR opened at $118.12 on Tuesday. Whirlpool Co. has a twelve month low of $84.18 and a twelve month high of $125.68. The company has a current ratio of 0.94, a quick ratio of 0.55 and a debt-to-equity ratio of 1.94. The firm has a 50-day moving average of $106.32 and a two-hundred day moving average of $99.98. The company has a market capitalization of $6.51 billion, a price-to-earnings ratio of 11.65 and a beta of 1.44.

Whirlpool (NYSE:WHR) last released its earnings results on Wednesday, October 23rd. The company reported $3.43 EPS for the quarter, beating the consensus estimate of $2.99 by $0.44. The business had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.09 billion. Whirlpool had a net margin of 3.19% and a return on equity of 21.41%. The business’s quarterly revenue was down 18.9% on a year-over-year basis. During the same period in the prior year, the business earned $5.45 earnings per share. As a group, analysts expect that Whirlpool Co. will post 12.27 earnings per share for the current fiscal year.

Whirlpool Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Friday, November 15th will be issued a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a dividend yield of 5.93%. The ex-dividend date of this dividend is Friday, November 15th. Whirlpool’s payout ratio is 69.03%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on WHR. Royal Bank of Canada decreased their target price on shares of Whirlpool from $76.00 to $74.00 and set an “underperform” rating for the company in a research report on Friday, October 25th. Bank of America increased their price objective on shares of Whirlpool from $101.00 to $103.00 and gave the company an “underperform” rating in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. boosted their target price on Whirlpool from $103.00 to $109.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Whirlpool presently has a consensus rating of “Hold” and a consensus price target of $106.50.

About Whirlpool

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.