SG Americas Securities LLC Purchases 681 Shares of Whirlpool Co. (NYSE:WHR)

SG Americas Securities LLC lifted its position in shares of Whirlpool Co. (NYSE:WHR) by 33.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,725 shares of the company’s stock after purchasing an additional 681 shares during the quarter. SG Americas Securities LLC’s holdings in Whirlpool were worth $278,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Salem Investment Counselors Inc. bought a new stake in Whirlpool during the 1st quarter valued at $45,000. Parallel Advisors LLC boosted its stake in Whirlpool by 82.5% during the 4th quarter. Parallel Advisors LLC now owns 407 shares of the company’s stock valued at $50,000 after purchasing an additional 184 shares during the last quarter. Federated Hermes Inc. increased its holdings in Whirlpool by 79.4% during the 4th quarter. Federated Hermes Inc. now owns 436 shares of the company’s stock worth $53,000 after purchasing an additional 193 shares in the last quarter. Viking Fund Management LLC raised its stake in shares of Whirlpool by 542.9% in the first quarter. Viking Fund Management LLC now owns 450 shares of the company’s stock worth $54,000 after purchasing an additional 380 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its holdings in shares of Whirlpool by 27.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 539 shares of the company’s stock valued at $66,000 after purchasing an additional 115 shares in the last quarter. 90.78% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

WHR has been the subject of several recent research reports. Bank of America initiated coverage on Whirlpool in a report on Tuesday, July 30th. They set an “underperform” rating and a $88.00 price target for the company. StockNews.com lowered shares of Whirlpool from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. Finally, Royal Bank of Canada dropped their price target on shares of Whirlpool from $79.00 to $76.00 and set an “underperform” rating on the stock in a research report on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Whirlpool presently has a consensus rating of “Hold” and an average price target of $103.75.

Whirlpool Stock Down 1.0 %

Shares of NYSE:WHR opened at $98.04 on Friday. The company has a market capitalization of $5.38 billion, a PE ratio of 13.50 and a beta of 1.44. Whirlpool Co. has a 1 year low of $84.18 and a 1 year high of $142.52. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.96 and a quick ratio of 0.58. The business has a fifty day moving average price of $98.69 and a two-hundred day moving average price of $101.39.

Whirlpool (NYSE:WHR) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $2.39 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.39. The business had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $3.96 billion. Whirlpool had a net margin of 2.89% and a return on equity of 27.67%. The firm’s quarterly revenue was down 16.8% compared to the same quarter last year. During the same quarter last year, the company posted $4.21 earnings per share. Analysts forecast that Whirlpool Co. will post 11.31 earnings per share for the current year.

Whirlpool Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, September 15th. Shareholders of record on Friday, August 30th will be issued a dividend of $1.75 per share. This represents a $7.00 annualized dividend and a yield of 7.14%. The ex-dividend date of this dividend is Friday, August 30th. Whirlpool’s dividend payout ratio (DPR) is 96.42%.

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.