B. Riley Wealth Advisors Inc. Grows Stake in Whirlpool Co. (NYSE:WHR)

B. Riley Wealth Advisors Inc. increased its holdings in Whirlpool Co. (NYSE:WHR) by 84.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,926 shares of the company’s stock after purchasing an additional 1,793 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Whirlpool were worth $401,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Sunbelt Securities Inc. boosted its holdings in shares of Whirlpool by 629.3% during the 2nd quarter. Sunbelt Securities Inc. now owns 4,230 shares of the company’s stock valued at $432,000 after purchasing an additional 3,650 shares during the last quarter. Creative Planning boosted its stake in Whirlpool by 128.3% during the second quarter. Creative Planning now owns 11,220 shares of the company’s stock valued at $1,147,000 after buying an additional 6,305 shares during the last quarter. Algert Global LLC purchased a new position in Whirlpool during the 2nd quarter valued at approximately $561,000. Susquehanna International Group Ltd. bought a new stake in Whirlpool in the 2nd quarter worth approximately $210,000. Finally, Susquehanna Fundamental Investments LLC raised its holdings in shares of Whirlpool by 17.2% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 101,575 shares of the company’s stock worth $10,381,000 after acquiring an additional 14,900 shares in the last quarter. 90.78% of the stock is currently owned by institutional investors.

Whirlpool Stock Performance

NYSE:WHR opened at $103.17 on Tuesday. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.58 and a current ratio of 0.96. The stock’s fifty day moving average is $99.51 and its 200 day moving average is $99.77. The firm has a market capitalization of $5.64 billion, a PE ratio of 14.21 and a beta of 1.44. Whirlpool Co. has a fifty-two week low of $84.18 and a fifty-two week high of $132.31.

Whirlpool (NYSE:WHR) last released its earnings results on Wednesday, July 24th. The company reported $2.39 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.39. The firm had revenue of $3.99 billion during the quarter, compared to analyst estimates of $3.96 billion. Whirlpool had a net margin of 2.89% and a return on equity of 27.67%. The business’s revenue was down 16.8% on a year-over-year basis. During the same quarter last year, the business earned $4.21 EPS. On average, sell-side analysts anticipate that Whirlpool Co. will post 11.31 earnings per share for the current 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 given a $1.75 dividend. This represents a $7.00 annualized dividend and a yield of 6.78%. The ex-dividend date of this dividend was Friday, August 30th. Whirlpool’s dividend payout ratio (DPR) is presently 96.42%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on WHR shares. Bank of America began coverage on shares of Whirlpool in a research report on Tuesday, July 30th. They issued an “underperform” rating and a $88.00 price target on the stock. Royal Bank of Canada dropped their price objective 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 issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $103.75.

Insiders Place Their Bets

In other news, 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 completion of the sale, the executive vice president now directly owns 19,070 shares of the company’s stock, valued at approximately $1,907,000. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.05% of the company’s stock.

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.