Whirlpool Co. (NYSE:WHR) Shares Acquired by Fulton Bank N.A.

Fulton Bank N.A. boosted its holdings in Whirlpool Co. (NYSE:WHR) by 7.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,321 shares of the company’s stock after purchasing an additional 221 shares during the quarter. Fulton Bank N.A.’s holdings in Whirlpool were worth $355,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in WHR. FIFTHDELTA Ltd acquired a new position in shares of Whirlpool in the 1st quarter valued at about $50,986,000. Dimensional Fund Advisors LP grew its holdings in shares of Whirlpool by 46.8% during the second quarter. Dimensional Fund Advisors LP now owns 981,472 shares of the company’s stock valued at $100,304,000 after purchasing an additional 312,729 shares during the last quarter. RWWM Inc. acquired a new stake in shares of Whirlpool during the 2nd quarter worth approximately $30,174,000. Newport Trust Company LLC lifted its holdings in shares of Whirlpool by 23.8% in the 2nd quarter. Newport Trust Company LLC now owns 1,402,941 shares of the company’s stock worth $143,381,000 after purchasing an additional 269,976 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in Whirlpool by 240.9% during the 2nd quarter. AQR Capital Management LLC now owns 375,613 shares of the company’s stock valued at $38,125,000 after purchasing an additional 265,418 shares during the period. Institutional investors own 90.78% of the company’s stock.

Insider Activity

In other news, EVP Juan Carlos Puente sold 3,266 shares of the business’s stock in a transaction that occurred 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 owns 19,070 shares in the company, valued at $1,907,000. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.05% of the stock is owned by company insiders.

Whirlpool Stock Performance

WHR stock opened at $104.71 on Thursday. The company has a market capitalization of $5.72 billion, a P/E ratio of 14.42 and a beta of 1.44. The company has a 50-day simple moving average of $99.53 and a 200 day simple moving average of $99.72. Whirlpool Co. has a fifty-two week low of $84.18 and a fifty-two week high of $132.31. The company has a quick ratio of 0.58, a current ratio of 0.96 and a debt-to-equity ratio of 1.88.

Whirlpool (NYSE:WHR) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $2.39 earnings per share 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 business had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $3.96 billion. During the same quarter in the prior year, the company posted $4.21 earnings per share. The company’s quarterly revenue was down 16.8% compared to the same quarter last year. Sell-side analysts predict that Whirlpool Co. will post 11.31 earnings per share for the current fiscal year.

Whirlpool Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Sunday, September 15th. Stockholders of record on Friday, August 30th were issued a dividend of $1.75 per share. The ex-dividend date was Friday, August 30th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 6.69%. Whirlpool’s dividend payout ratio is currently 96.42%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on WHR. Royal Bank of Canada reduced their price target on shares of Whirlpool from $79.00 to $76.00 and set an “underperform” rating for the company in a report on Friday, July 26th. Bank of America began coverage on Whirlpool in a research note on Tuesday, July 30th. They set an “underperform” rating and a $88.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $103.75.

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.