Whirlpool Co. (NYSE:WHR) Stock Holdings Increased by Moors & Cabot Inc.

Moors & Cabot Inc. boosted its stake in shares of Whirlpool Co. (NYSE:WHR) by 2.2% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,979 shares of the company’s stock after purchasing an additional 150 shares during the period. Moors & Cabot Inc.’s holdings in Whirlpool were worth $747,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. SouthState Corp bought a new stake in shares of Whirlpool in the 2nd quarter valued at approximately $28,000. Ashton Thomas Private Wealth LLC bought a new stake in Whirlpool in the second quarter worth approximately $32,000. Altshuler Shaham Ltd bought a new position in shares of Whirlpool during the 2nd quarter valued at $32,000. EverSource Wealth Advisors LLC lifted its stake 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 purchasing an additional 384 shares during the last quarter. Finally, UMB Bank n.a. increased its position in Whirlpool by 80.6% during the second quarter. UMB Bank n.a. now owns 428 shares of the company’s stock worth $44,000 after buying an additional 191 shares during the last quarter. Institutional investors and hedge funds own 90.78% of the company’s stock.

Insider Buying and Selling at Whirlpool

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 completion of the transaction, the executive vice president now owns 19,070 shares in the company, valued at $1,907,000. This trade represents a 14.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 owns 41,570 shares in the company, valued at approximately $4,343,233.60. This represents a 12.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Royal Bank of Canada cut their price objective on Whirlpool from $76.00 to $74.00 and set an “underperform” rating on the stock in a research note on Friday, October 25th. Bank of America raised their target price on shares of Whirlpool from $101.00 to $103.00 and gave the company an “underperform” rating in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Whirlpool from $103.00 to $109.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Whirlpool currently has an average rating of “Hold” and a consensus price target of $106.50.

Whirlpool Stock Up 1.1 %

WHR opened at $112.43 on Friday. Whirlpool Co. has a 1-year low of $84.18 and a 1-year high of $125.68. The business has a 50 day moving average of $105.69 and a 200-day moving average of $99.63. The stock has a market capitalization of $6.20 billion, a price-to-earnings ratio of 11.09 and a beta of 1.44. The company has a current ratio of 0.94, a quick ratio of 0.55 and a debt-to-equity ratio of 1.94.

Whirlpool (NYSE:WHR) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $3.43 earnings per share for the quarter, beating analysts’ consensus estimates 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 in the prior year, the firm earned $5.45 EPS. The business’s revenue was down 18.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Whirlpool Co. will post 12.27 earnings per share for the current year.

Whirlpool Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Investors 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 yield of 6.23%. Whirlpool’s dividend payout ratio is 69.03%.

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.