Stephens Inc. AR Takes $207,000 Position in Whirlpool Co. (NYSE:WHR)

Stephens Inc. AR bought a new stake in Whirlpool Co. (NYSE:WHR) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 1,938 shares of the company’s stock, valued at approximately $207,000.

Other large investors have also modified their holdings of the company. SouthState Corp acquired a new position in shares of Whirlpool in the 2nd quarter valued at $28,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Whirlpool in the 2nd quarter valued at $32,000. Altshuler Shaham Ltd acquired a new position in shares of Whirlpool in the 2nd quarter valued at $32,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Whirlpool by 1,010.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 422 shares of the company’s stock valued at $43,000 after buying an additional 384 shares in the last quarter. Finally, UMB Bank n.a. boosted its holdings in shares of Whirlpool by 80.6% in the 2nd quarter. UMB Bank n.a. now owns 428 shares of the company’s stock valued at $44,000 after buying an additional 191 shares in the last quarter. Institutional investors and hedge funds own 90.78% of the company’s stock.

Whirlpool Stock Performance

Shares of WHR opened at $110.54 on Friday. The company has a 50-day simple moving average of $103.05 and a 200-day simple moving average of $98.73. The company has a quick ratio of 0.55, a current ratio of 0.94 and a debt-to-equity ratio of 1.94. The company has a market capitalization of $6.09 billion, a PE ratio of 10.90 and a beta of 1.44. Whirlpool Co. has a 52-week low of $84.18 and a 52-week high of $125.68.

Whirlpool (NYSE:WHR) last posted its earnings results on Wednesday, October 23rd. The company reported $3.43 earnings per share for the quarter, beating the consensus estimate of $2.99 by $0.44. Whirlpool had a net margin of 3.19% and a return on equity of 21.41%. The firm had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same period last year, the firm posted $5.45 EPS. The firm’s revenue for the quarter was down 18.9% on a year-over-year basis. Equities research analysts predict that Whirlpool Co. will post 12.27 earnings per share for the current fiscal year.

Whirlpool Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Friday, November 15th will be paid a dividend of $1.75 per share. The ex-dividend date is Friday, November 15th. This represents a $7.00 annualized dividend and a dividend yield of 6.33%. Whirlpool’s dividend payout ratio is currently 69.03%.

Insiders Place Their Bets

In other Whirlpool news, EVP Juan Carlos Puente sold 3,266 shares of the firm’s stock in a transaction dated 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 directly owns 19,070 shares of the company’s stock, valued at $1,907,000. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO James W. Peters sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $104.48, for a total value of $626,880.00. Following the sale, the chief financial officer now directly owns 41,570 shares of the company’s stock, valued at approximately $4,343,233.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Juan Carlos Puente sold 3,266 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was 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 in the company, valued at $1,907,000. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.05% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

WHR has been the subject of several research analyst reports. Royal Bank of Canada lowered their target price on shares of Whirlpool from $76.00 to $74.00 and set an “underperform” rating for the company in a report on Friday, October 25th. JPMorgan Chase & Co. increased their price target on shares of Whirlpool from $103.00 to $109.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. Finally, Bank of America increased their price target on shares of Whirlpool from $101.00 to $103.00 and gave the stock an “underperform” rating in a research note on Friday, October 25th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $106.50.

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.