Whirlpool Co. (NYSE:WHR) Stake Increased by Harmony Asset Management LLC

Harmony Asset Management LLC grew its holdings in Whirlpool Co. (NYSE:WHR) by 85.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,059 shares of the company’s stock after acquiring an additional 2,784 shares during the quarter. Harmony Asset Management LLC’s holdings in Whirlpool were worth $648,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. SouthState Corp acquired a new stake in shares of Whirlpool in the 2nd quarter valued at approximately $28,000. Ashton Thomas Private Wealth LLC bought a new position in Whirlpool in the 2nd quarter valued at about $32,000. Altshuler Shaham Ltd bought a new stake in Whirlpool in the second quarter worth about $32,000. True Wealth Design LLC increased its position in shares of Whirlpool by 545.5% during the third quarter. True Wealth Design LLC now owns 355 shares of the company’s stock valued at $38,000 after buying an additional 300 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings 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 worth $43,000 after purchasing an additional 384 shares in the last quarter. Institutional investors own 90.78% of the company’s stock.

Insider Activity at Whirlpool

In related news, CFO James W. Peters sold 6,000 shares of Whirlpool stock in a transaction on Monday, October 28th. The stock was sold at an average price of $104.48, for a total transaction of $626,880.00. Following the sale, the chief financial officer now directly owns 41,570 shares in the company, valued at approximately $4,343,233.60. This trade represents a 12.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.05% of the stock is currently owned by company insiders.

Whirlpool Price Performance

Shares of NYSE WHR opened at $110.75 on Tuesday. The firm has a 50-day simple moving average of $107.26 and a 200-day simple moving average of $100.57. Whirlpool Co. has a 52 week low of $84.18 and a 52 week high of $125.68. The company has a quick ratio of 0.55, a current ratio of 0.94 and a debt-to-equity ratio of 1.94. The stock has a market capitalization of $6.11 billion, a price-to-earnings ratio of 10.92 and a beta of 1.46.

Whirlpool (NYSE:WHR) last issued its earnings results on Wednesday, October 23rd. The company reported $3.43 EPS 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 business had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter last year, the firm posted $5.45 EPS. The business’s revenue for the quarter was down 18.9% compared to the same quarter last year. On average, equities analysts predict that Whirlpool Co. will post 12.27 earnings per share for the current fiscal year.

Whirlpool Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Friday, November 15th will be issued 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 6.32%. Whirlpool’s payout ratio is presently 69.03%.

Analysts Set New Price Targets

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