Sei Investments Co. Boosts Position in Whirlpool Co. (NYSE:WHR)

Sei Investments Co. increased its position in shares of Whirlpool Co. (NYSE:WHR) by 7.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,793 shares of the company’s stock after acquiring an additional 3,225 shares during the quarter. Sei Investments Co. owned approximately 0.08% of Whirlpool worth $4,578,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of WHR. SouthState Corp acquired a new position in Whirlpool in the 2nd quarter valued at about $28,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Whirlpool during the 2nd quarter valued at approximately $32,000. UMB Bank n.a. lifted its holdings 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 acquiring an additional 191 shares during the last quarter. Salem Investment Counselors Inc. purchased a new position in Whirlpool in the first quarter worth approximately $45,000. Finally, Parallel Advisors LLC increased its stake in Whirlpool by 82.5% during the fourth quarter. Parallel Advisors LLC now owns 407 shares of the company’s stock worth $50,000 after acquiring an additional 184 shares during the last quarter. Hedge funds and other institutional investors own 90.78% of the company’s stock.

Whirlpool Price Performance

WHR opened at $106.97 on Wednesday. The firm has a market cap of $5.84 billion, a price-to-earnings ratio of 14.63 and a beta of 1.44. 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’s 50-day moving average price is $99.04 and its 200 day moving average price is $99.87. Whirlpool Co. has a 12-month low of $84.18 and a 12-month high of $134.28.

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

Whirlpool Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Sunday, September 15th. Investors of record on Friday, August 30th were paid a dividend of $1.75 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $7.00 annualized dividend and a yield of 6.54%. Whirlpool’s payout ratio is 96.42%.

Insiders Place Their Bets

In other news, EVP Juan Carlos Puente sold 3,266 shares of Whirlpool stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $100.00, for a total value of $326,600.00. Following the completion of the transaction, the executive vice president now owns 19,070 shares in the company, valued at approximately $1,907,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.05% of the stock is owned by company insiders.

Analysts Set New Price Targets

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

Whirlpool 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.