PFG Investments LLC Acquires 498 Shares of Whirlpool Co. (NYSE:WHR)

PFG Investments LLC grew its holdings in Whirlpool Co. (NYSE:WHR) by 14.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,005 shares of the company’s stock after acquiring an additional 498 shares during the period. PFG Investments LLC’s holdings in Whirlpool were worth $409,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Janney Montgomery Scott LLC lifted its holdings in Whirlpool by 20.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 41,855 shares of the company’s stock worth $5,007,000 after purchasing an additional 6,984 shares during the last quarter. Empowered Funds LLC bought a new position in shares of Whirlpool in the first quarter valued at approximately $1,054,000. Retirement Systems of Alabama lifted its stake in shares of Whirlpool by 471.3% in the first quarter. Retirement Systems of Alabama now owns 69,067 shares of the company’s stock worth $8,262,000 after buying an additional 56,978 shares during the last quarter. HB Wealth Management LLC bought a new stake in shares of Whirlpool during the 1st quarter worth $219,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in Whirlpool in the 1st quarter valued at $10,369,000. Institutional investors and hedge funds own 90.78% of the company’s stock.

Whirlpool Stock Up 0.6 %

WHR stock opened at $93.88 on Friday. Whirlpool Co. has a twelve month low of $84.18 and a twelve month high of $138.90. The company has a quick ratio of 0.58, a current ratio of 0.96 and a debt-to-equity ratio of 1.88. The company has a market cap of $5.13 billion, a PE ratio of 12.93 and a beta of 1.44. The business’s 50-day simple moving average is $99.84 and its 200 day simple moving average is $100.32.

Whirlpool (NYSE:WHR) last announced 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. The company had revenue of $3.99 billion for the quarter, compared to analyst estimates of $3.96 billion. Whirlpool had a return on equity of 27.67% and a net margin of 2.89%. Whirlpool’s revenue for the quarter was down 16.8% compared to the same quarter last year. During the same quarter last year, the firm earned $4.21 EPS. On average, research 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 will be paid on Sunday, September 15th. Stockholders of record on Friday, August 30th will be paid a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a dividend yield of 7.46%. The ex-dividend date of this dividend is Friday, August 30th. Whirlpool’s dividend payout ratio is 96.42%.

Analyst Upgrades and Downgrades

WHR has been the topic of a number of recent analyst reports. Bank of America assumed coverage on Whirlpool in a research note on Tuesday, July 30th. They issued an “underperform” rating and a $88.00 price objective on the stock. Royal Bank of Canada dropped their price target on Whirlpool from $79.00 to $76.00 and set an “underperform” rating on the stock in a research report on Friday, July 26th. Two 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 stock has a consensus rating of “Hold” and a consensus price target of $103.75.

Insider Transactions at Whirlpool

In related news, EVP Juan Carlos Puente sold 3,266 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $100.00, for a total value of $326,600.00. Following the sale, the executive vice president now owns 19,070 shares of the company’s stock, valued at $1,907,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.05% of the stock is owned by insiders.

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.