Y Intercept Hong Kong Ltd Invests $537,000 in Whirlpool Co. (NYSE:WHR)

Y Intercept Hong Kong Ltd acquired a new stake in shares of Whirlpool Co. (NYSE:WHR) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,021 shares of the company’s stock, valued at approximately $537,000.

Other hedge funds also recently bought and sold shares of the company. SG Americas Securities LLC raised its stake in shares of Whirlpool by 33.3% during the second quarter. SG Americas Securities LLC now owns 2,725 shares of the company’s stock worth $278,000 after acquiring an additional 681 shares in the last quarter. Nisa Investment Advisors LLC raised its position in Whirlpool by 9.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 17,699 shares of the company’s stock worth $1,809,000 after purchasing an additional 1,458 shares during the period. Dakota Wealth Management lifted its stake in Whirlpool by 11.1% in the second quarter. Dakota Wealth Management now owns 7,250 shares of the company’s stock worth $741,000 after purchasing an additional 725 shares during the last quarter. Capital Investment Counsel Inc purchased a new stake in Whirlpool during the second quarter valued at about $200,000. Finally, Investment House LLC grew its stake in shares of Whirlpool by 44.3% during the second quarter. Investment House LLC now owns 5,850 shares of the company’s stock valued at $598,000 after buying an additional 1,796 shares during the last quarter. Institutional investors own 90.78% of the company’s stock.

Whirlpool Stock Down 0.5 %

Shares of NYSE:WHR opened at $122.83 on Monday. Whirlpool Co. has a 1 year low of $84.18 and a 1 year high of $126.30. The company has a debt-to-equity ratio of 1.94, a current ratio of 0.94 and a quick ratio of 0.55. The stock’s 50-day moving average is $109.50 and its 200 day moving average is $102.34. The company has a market cap of $6.77 billion, a PE ratio of 12.11 and a beta of 1.46.

Whirlpool (NYSE:WHR) last announced 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 return on equity of 21.41% and a net margin of 3.19%. The company had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter in the prior year, the company earned $5.45 earnings per share. The firm’s revenue for the quarter was down 18.9% on a year-over-year basis. Sell-side analysts anticipate that Whirlpool Co. will post 12.27 EPS for the current year.

Whirlpool Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, December 15th. Stockholders of record on Friday, November 15th were given a $1.75 dividend. This represents a $7.00 annualized dividend and a dividend yield of 5.70%. The ex-dividend date of this dividend was Friday, November 15th. Whirlpool’s dividend payout ratio is currently 69.03%.

Insider Activity

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Royal Bank of Canada dropped their target price on Whirlpool from $76.00 to $74.00 and set an “underperform” rating for the company in a report on Friday, October 25th. Bank of America boosted their price objective on Whirlpool from $101.00 to $103.00 and gave the company an “underperform” rating in a research report on Friday, October 25th. Finally, JPMorgan Chase & Co. raised their target price on shares of Whirlpool from $103.00 to $109.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Whirlpool presently has a consensus rating of “Hold” and an average 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.