Round Hill Asset Management Grows Position in Whirlpool Co. (NYSE:WHR)

Round Hill Asset Management increased its holdings in shares of Whirlpool Co. (NYSE:WHR) by 5.7% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,154 shares of the company’s stock after purchasing an additional 651 shares during the quarter. Round Hill Asset Management’s holdings in Whirlpool were worth $1,300,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. SouthState Corp acquired a new stake in shares of Whirlpool in the second quarter worth $28,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Whirlpool during the 2nd quarter valued at $32,000. Altshuler Shaham Ltd purchased a new stake in Whirlpool during the 2nd quarter worth $32,000. 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 purchasing an additional 384 shares in the last quarter. Finally, UMB Bank n.a. raised its position in Whirlpool by 80.6% in the second quarter. UMB Bank n.a. now owns 428 shares of the company’s stock valued at $44,000 after purchasing an additional 191 shares during the period. Hedge funds and other institutional investors own 90.78% of the company’s stock.

Whirlpool Price Performance

Shares of NYSE WHR opened at $112.52 on Friday. 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 Co. has a fifty-two week low of $84.18 and a fifty-two week high of $125.68. The business has a 50 day moving average price of $105.97 and a two-hundred day moving average price of $99.75. The firm has a market cap of $6.20 billion, a PE ratio of 11.10 and a beta of 1.44.

Whirlpool (NYSE:WHR) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $3.43 earnings per share (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 analyst estimates of $4.09 billion. During the same quarter in the previous year, the firm earned $5.45 earnings per share. The business’s revenue was down 18.9% compared to the same quarter last year. Sell-side analysts expect that Whirlpool Co. will post 12.27 earnings per share for the current fiscal year.

Whirlpool Announces Dividend

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 $1.75 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $7.00 dividend on an annualized basis and a yield of 6.22%. Whirlpool’s dividend payout ratio (DPR) is 69.03%.

Wall Street Analysts Forecast Growth

WHR has been the subject of a number of recent research reports. Royal Bank of Canada lowered their target price on Whirlpool from $76.00 to $74.00 and set an “underperform” rating for the company in a research note on Friday, October 25th. JPMorgan Chase & Co. increased their price objective on shares of Whirlpool from $103.00 to $109.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Finally, Bank of America boosted their target price on shares of Whirlpool from $101.00 to $103.00 and gave the stock an “underperform” rating in a research report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $106.50.

Insiders Place Their Bets

In other Whirlpool news, EVP Juan Carlos Puente sold 3,266 shares of the business’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 sale, the executive vice president now directly owns 19,070 shares in the company, valued at approximately $1,907,000. The trade was a 14.62 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO James W. Peters sold 6,000 shares of the stock in a transaction that occurred on 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 owns 41,570 shares of the company’s stock, valued at $4,343,233.60. This trade represents a 12.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.05% of the stock is currently owned by company insiders.

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.