MADDEN SECURITIES Corp Has $671,000 Stock Holdings in Whirlpool Co. (NYSE:WHR)

MADDEN SECURITIES Corp boosted its position in shares of Whirlpool Co. (NYSE:WHR) by 4.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,270 shares of the company’s stock after purchasing an additional 270 shares during the period. MADDEN SECURITIES Corp’s holdings in Whirlpool were worth $671,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. SouthState Corp acquired a new stake in shares of Whirlpool during the 2nd quarter valued at about $28,000. Altshuler Shaham Ltd acquired a new position in Whirlpool in the second quarter worth approximately $32,000. Ashton Thomas Private Wealth LLC acquired a new stake in Whirlpool in the second quarter valued at approximately $32,000. Salem Investment Counselors Inc. bought a new stake in Whirlpool in the first quarter worth approximately $45,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Whirlpool by 1,010.5% during 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 and hedge funds own 90.78% of the company’s stock.

Insider Transactions at Whirlpool

In other news, EVP Juan Carlos Puente sold 3,266 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $100.00, for a total value of $326,600.00. Following the sale, the executive vice president now owns 19,070 shares in the company, valued at approximately $1,907,000. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.05% of the company’s stock.

Wall Street Analysts Forecast Growth

WHR has been the subject of several analyst reports. Bank of America assumed coverage on shares of Whirlpool in a research note on Tuesday, July 30th. They issued an “underperform” rating and a $88.00 price objective for the company. Royal Bank of Canada reduced their price target on Whirlpool from $79.00 to $76.00 and set an “underperform” rating for the company in a research report on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $103.75.

Whirlpool Price Performance

Shares of Whirlpool stock opened at $105.08 on Friday. Whirlpool Co. has a 1-year low of $84.18 and a 1-year high of $132.31. The firm has a fifty day simple moving average of $99.68 and a 200-day simple moving average of $99.77. The company has a current ratio of 0.96, a quick ratio of 0.58 and a debt-to-equity ratio of 1.88. The stock has a market capitalization of $5.77 billion, a price-to-earnings ratio of 10.87 and a beta of 1.44.

Whirlpool (NYSE:WHR) last released its earnings results on Wednesday, July 24th. The company reported $2.39 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.39. Whirlpool had a net margin of 2.89% and a return on equity of 27.67%. The firm had revenue of $3.99 billion during the quarter, compared to analyst estimates of $3.96 billion. During the same quarter in the previous year, the business earned $4.21 EPS. The business’s revenue was down 16.8% on a year-over-year basis. On average, sell-side analysts expect that Whirlpool Co. will post 11.31 earnings per share for the current year.

Whirlpool Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Sunday, September 15th. Shareholders of record on Friday, August 30th were given a $1.75 dividend. This represents a $7.00 annualized dividend and a yield of 6.66%. The ex-dividend date was Friday, August 30th. Whirlpool’s dividend payout ratio is currently 72.39%.

Whirlpool Company 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.