Orion Portfolio Solutions LLC Has $637,000 Stake in Whirlpool Co. (NYSE:WHR)

Orion Portfolio Solutions LLC boosted its position in Whirlpool Co. (NYSE:WHR) by 25.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,955 shares of the company’s stock after buying an additional 1,209 shares during the period. Orion Portfolio Solutions LLC’s holdings in Whirlpool were worth $637,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of WHR. SouthState Corp acquired a new position in Whirlpool in the second quarter valued at $28,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Whirlpool during the second quarter valued at about $32,000. Altshuler Shaham Ltd acquired a new position in shares of Whirlpool during the second quarter valued at about $32,000. True Wealth Design LLC raised its holdings in shares of Whirlpool by 545.5% during the third quarter. True Wealth Design LLC now owns 355 shares of the company’s stock valued at $38,000 after purchasing an additional 300 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Whirlpool by 1,010.5% during the second quarter. EverSource Wealth Advisors LLC now owns 422 shares of the company’s stock valued at $43,000 after purchasing an additional 384 shares during the period. Institutional investors and hedge funds own 90.78% of the company’s stock.

Insiders Place Their Bets

In other Whirlpool news, CFO James W. Peters sold 6,000 shares of the company’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 41,570 shares of the company’s stock, valued at approximately $4,343,233.60. This represents a 12.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.05% of the stock is currently owned by insiders.

Whirlpool Trading Down 1.0 %

NYSE:WHR opened at $120.29 on Wednesday. The company has a debt-to-equity ratio of 1.94, a current ratio of 0.94 and a quick ratio of 0.55. The firm has a 50-day moving average of $110.20 and a 200-day moving average of $102.88. The company has a market cap of $6.63 billion, a PE ratio of 11.86 and a beta of 1.46. Whirlpool Co. has a one year low of $84.18 and a one year high of $126.30.

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

Whirlpool Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Sunday, December 15th. Shareholders of record on Friday, November 15th were given a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a yield of 5.82%. The ex-dividend date was Friday, November 15th. Whirlpool’s payout ratio is 69.03%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on WHR shares. Royal Bank of Canada dropped their price objective on shares of Whirlpool from $76.00 to $74.00 and set an “underperform” rating on the stock in a report on Friday, October 25th. JPMorgan Chase & Co. upped their price objective on shares of Whirlpool from $103.00 to $109.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. Finally, Bank of America upped 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. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock 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.