Quarry LP Sells 127 Shares of Whirlpool Co. (NYSE:WHR)

Quarry LP trimmed its position in shares of Whirlpool Co. (NYSE:WHR) by 23.1% during the 3rd quarter, Holdings Channel reports. The firm owned 422 shares of the company’s stock after selling 127 shares during the period. Quarry LP’s holdings in Whirlpool were worth $45,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

In related news, CFO James W. Peters sold 6,000 shares of Whirlpool stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $104.48, for a total transaction of $626,880.00. Following the completion of the transaction, the chief financial officer now directly owns 41,570 shares of the company’s stock, valued at approximately $4,343,233.60. The trade was a 12.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.05% of the stock is owned by corporate insiders.

Whirlpool Stock Performance

Shares of NYSE:WHR opened at $124.01 on Wednesday. Whirlpool Co. has a 52 week low of $84.18 and a 52 week high of $125.68. The stock has a market capitalization of $6.84 billion, a P/E ratio of 12.23 and a beta of 1.46. The firm has a fifty day simple moving average of $108.37 and a two-hundred day simple moving average of $101.67. The company has a quick ratio of 0.55, a current ratio of 0.94 and a debt-to-equity ratio of 1.94.

Whirlpool (NYSE:WHR) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $3.43 EPS for the quarter, topping 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 business had revenue of $3.99 billion during the quarter, compared to analysts’ expectations of $4.09 billion. During the same period last year, the company posted $5.45 EPS. The business’s revenue was down 18.9% on a year-over-year basis. On average, analysts expect 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. 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 dividend on an annualized basis and a dividend yield of 5.64%. Whirlpool’s dividend payout ratio is presently 69.03%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on WHR. 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. Royal Bank of Canada reduced their price target on shares of Whirlpool from $76.00 to $74.00 and set an “underperform” rating on the stock in a report on Friday, October 25th. Finally, 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. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price 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.