Whirlpool Co. (NYSE:WHR) Shares Bought by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC grew its position in Whirlpool Co. (NYSE:WHR) by 1,010.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 422 shares of the company’s stock after buying an additional 384 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Whirlpool were worth $43,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of WHR. Norges Bank purchased a new stake in Whirlpool during the 4th quarter worth approximately $31,503,000. Parallel Advisors LLC raised its stake in shares of Whirlpool by 82.5% in the fourth quarter. Parallel Advisors LLC now owns 407 shares of the company’s stock valued at $50,000 after acquiring an additional 184 shares in the last quarter. Allianz Asset Management GmbH grew its stake in Whirlpool by 46.4% during the 4th quarter. Allianz Asset Management GmbH now owns 162,055 shares of the company’s stock worth $19,733,000 after purchasing an additional 51,359 shares in the last quarter. Treasurer of the State of North Carolina increased its holdings in Whirlpool by 1.0% during the 4th quarter. Treasurer of the State of North Carolina now owns 23,726 shares of the company’s stock worth $2,889,000 after purchasing an additional 230 shares during the period. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in Whirlpool in the 4th quarter valued at about $1,664,000. Hedge funds and other institutional investors own 90.78% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Juan Carlos Puente sold 3,266 shares of Whirlpool stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $100.00, for a total value of $326,600.00. Following the sale, the executive vice president now directly owns 19,070 shares in the company, valued at $1,907,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 2.05% of the stock is currently owned by insiders.

Whirlpool Price Performance

Shares of NYSE:WHR opened at $107.66 on Friday. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.58 and a current ratio of 0.96. Whirlpool Co. has a one year low of $84.18 and a one year high of $135.45. The company has a 50-day simple moving average of $99.03 and a 200-day simple moving average of $99.98. The stock has a market capitalization of $5.91 billion, a price-to-earnings ratio of 14.83 and a beta of 1.44.

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 analysts’ consensus estimates of $2.39. The company had revenue of $3.99 billion during the quarter, compared to analysts’ expectations of $3.96 billion. Whirlpool had a return on equity of 27.67% and a net margin of 2.89%. The firm’s revenue for the quarter was down 16.8% on a year-over-year basis. During the same period last year, the firm earned $4.21 EPS. On average, analysts predict that Whirlpool Co. will post 11.31 EPS for the current year.

Whirlpool Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, September 15th. Shareholders of record on Friday, August 30th were issued a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a yield of 6.50%. The ex-dividend date of this dividend was Friday, August 30th. Whirlpool’s dividend payout ratio is presently 96.42%.

Analyst Upgrades and Downgrades

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