Whirlpool Co. (NYSE:WHR) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. lessened its stake in shares of Whirlpool Co. (NYSE:WHR) by 1.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,172 shares of the company’s stock after selling 128 shares during the quarter. Pacer Advisors Inc.’s holdings in Whirlpool were worth $835,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of WHR. SouthState Corp acquired a new position in Whirlpool in the 2nd quarter valued at $28,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Whirlpool in the 2nd quarter worth about $32,000. UMB Bank n.a. lifted its stake in shares of Whirlpool by 80.6% in the 2nd quarter. UMB Bank n.a. now owns 428 shares of the company’s stock valued at $44,000 after purchasing an additional 191 shares in the last quarter. Salem Investment Counselors Inc. purchased a new stake in shares of Whirlpool during the 1st quarter worth about $45,000. Finally, Parallel Advisors LLC increased its position in Whirlpool by 82.5% during the 4th quarter. Parallel Advisors LLC now owns 407 shares of the company’s stock worth $50,000 after purchasing an additional 184 shares in the last quarter. Hedge funds and other institutional investors own 90.78% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Bank of America initiated coverage on shares of Whirlpool in a research note on Tuesday, July 30th. They set an “underperform” rating and a $88.00 price objective for the company. Royal Bank of Canada lowered their price target on Whirlpool from $79.00 to $76.00 and set an “underperform” rating for the company in a report on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $103.75.

Whirlpool Trading Up 1.0 %

NYSE WHR opened at $107.66 on Friday. The company’s fifty day simple moving average is $99.03 and its 200-day simple moving average is $99.98. The stock has a market cap of $5.91 billion, a P/E ratio of 14.83 and a beta of 1.44. Whirlpool Co. has a 52 week low of $84.18 and a 52 week high of $135.45. The company has a current ratio of 0.96, a quick ratio of 0.58 and a debt-to-equity ratio of 1.88.

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

Whirlpool Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 6.50%. The ex-dividend date of this dividend was Friday, August 30th. Whirlpool’s payout ratio is 96.42%.

Insider Activity

In related news, EVP Juan Carlos Puente sold 3,266 shares of Whirlpool 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 completion of the sale, the executive vice president now owns 19,070 shares in the company, valued at $1,907,000. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.05% of the company’s stock.

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.