Wilmington Savings Fund Society FSB Invests $252,000 in Whirlpool Co. (NYSE:WHR)

Wilmington Savings Fund Society FSB bought a new position in Whirlpool Co. (NYSE:WHR) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,351 shares of the company’s stock, valued at approximately $252,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. SouthState Corp bought a new stake in shares of Whirlpool in the 2nd quarter worth about $28,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Whirlpool in the 2nd quarter worth about $32,000. Altshuler Shaham Ltd bought a new stake in shares of Whirlpool in the 2nd quarter worth about $32,000. True Wealth Design LLC increased its position in shares of Whirlpool by 545.5% in the 3rd quarter. True Wealth Design LLC now owns 355 shares of the company’s stock worth $38,000 after purchasing an additional 300 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its position 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 worth $43,000 after purchasing an additional 384 shares during the last quarter. Institutional investors own 90.78% of the company’s stock.

Wall Street Analyst Weigh In

WHR has been the subject of several research reports. Bank of America lifted their price target on shares of Whirlpool from $101.00 to $103.00 and gave the company an “underperform” rating in a report on Friday, October 25th. JPMorgan Chase & Co. lifted their price target on shares of Whirlpool from $103.00 to $109.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. Finally, Royal Bank of Canada decreased their price target 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. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $106.50.

Insider Buying and Selling at Whirlpool

In other news, CFO James W. Peters sold 6,000 shares of the company’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 completion of 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 represents a 12.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 2.05% of the stock is currently owned by company insiders.

Whirlpool Trading Down 1.0 %

Whirlpool stock opened at $120.29 on Wednesday. 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 firm has a 50-day moving average price of $110.20 and a two-hundred day moving average price of $102.88. The firm has a market capitalization of $6.63 billion, a price-to-earnings ratio of 11.86 and a beta of 1.46. Whirlpool Co. has a 52-week low of $84.18 and a 52-week high of $126.30.

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

Whirlpool Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, December 15th. Shareholders of record on Friday, November 15th were paid a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a yield of 5.82%. The ex-dividend date of this dividend was Friday, November 15th. Whirlpool’s payout ratio is 69.03%.

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.