Gilman Hill Asset Management LLC Raises Stock Holdings in Whirlpool Co. (NYSE:WHR)

Gilman Hill Asset Management LLC boosted its stake in Whirlpool Co. (NYSE:WHR) by 0.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 83,212 shares of the company’s stock after buying an additional 528 shares during the period. Whirlpool makes up approximately 1.5% of Gilman Hill Asset Management LLC’s portfolio, making the stock its 17th biggest position. Gilman Hill Asset Management LLC owned about 0.15% of Whirlpool worth $8,904,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of WHR. FIFTHDELTA Ltd purchased a new stake in Whirlpool during the first quarter worth about $50,986,000. Dimensional Fund Advisors LP increased its stake in Whirlpool by 46.8% during the second quarter. Dimensional Fund Advisors LP now owns 981,472 shares of the company’s stock worth $100,304,000 after purchasing an additional 312,729 shares during the period. RWWM Inc. purchased a new stake in Whirlpool during the second quarter worth about $30,174,000. Newport Trust Company LLC increased its stake in Whirlpool by 23.8% during the second quarter. Newport Trust Company LLC now owns 1,402,941 shares of the company’s stock worth $143,381,000 after purchasing an additional 269,976 shares during the period. Finally, AQR Capital Management LLC increased its stake in Whirlpool by 240.9% during the second quarter. AQR Capital Management LLC now owns 375,613 shares of the company’s stock worth $38,125,000 after purchasing an additional 265,418 shares during the period. 90.78% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Juan Carlos Puente sold 3,266 shares of the 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 completion of the sale, the executive vice president now directly owns 19,070 shares of the company’s stock, valued at approximately $1,907,000. This 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 can be accessed through this hyperlink. Corporate insiders own 2.05% of the company’s stock.

Whirlpool Stock Up 1.8 %

WHR traded up $1.90 on Friday, reaching $105.11. The company’s stock had a trading volume of 799,809 shares, compared to its average volume of 649,362. The stock has a 50 day moving average of $99.84 and a two-hundred day moving average of $99.63. The company has a quick ratio of 0.58, a current ratio of 0.96 and a debt-to-equity ratio of 1.88. The company has a market capitalization of $5.74 billion, a price-to-earnings ratio of 14.48 and a beta of 1.44. Whirlpool Co. has a fifty-two week low of $84.18 and a fifty-two week high of $132.31.

Whirlpool (NYSE:WHR) last announced its quarterly earnings results on Wednesday, July 24th. The company reported $2.39 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.39. The firm had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $3.96 billion. Whirlpool had a return on equity of 27.67% and a net margin of 2.89%. The firm’s quarterly revenue was down 16.8% compared to the same quarter last year. During the same period in the prior year, the company posted $4.21 earnings per share. As a group, analysts forecast that Whirlpool Co. will post 11.31 EPS for the current fiscal year.

Whirlpool Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Sunday, September 15th. Stockholders of record on Friday, August 30th were issued a $1.75 dividend. This represents a $7.00 annualized dividend and a dividend yield of 6.66%. The ex-dividend date was Friday, August 30th. Whirlpool’s payout ratio is currently 96.42%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Royal Bank of Canada lowered their price objective on Whirlpool from $79.00 to $76.00 and set an “underperform” rating for the company in a research report on Friday, July 26th. Bank of America assumed coverage on Whirlpool in a research report on Tuesday, July 30th. They set an “underperform” rating and a $88.00 price objective for the company. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average 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.