Vanguard Group Inc. Buys 12,152 Shares of Whirlpool Co. (NYSE:WHR)

Posted by Defense World Staff on Mar 14th, 2023

Vanguard Group Inc. lifted its stake in Whirlpool Co. (NYSE:WHR – Get Rating) by 0.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,953,413 shares of the company’s stock after buying an additional 12,152 shares during the period. Vanguard Group Inc. owned about 12.76% of Whirlpool worth $937,390,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. MML Investors Services LLC lifted its stake in shares of Whirlpool by 12.3% in the third quarter. MML Investors Services LLC now owns 6,143 shares of the company’s stock valued at $828,000 after buying an additional 675 shares during the period. Hancock Whitney Corp bought a new stake in shares of Whirlpool in the third quarter valued at about $1,384,000. Allstate Corp lifted its stake in Whirlpool by 18.5% during the third quarter. Allstate Corp now owns 4,183 shares of the company’s stock worth $564,000 after purchasing an additional 652 shares during the period. Natixis Investment Managers International bought a new position in Whirlpool during the second quarter worth about $401,000. Finally, AlphaCrest Capital Management LLC bought a new position in Whirlpool during the third quarter worth about $1,303,000. Institutional investors own 92.14% of the company’s stock.

Whirlpool Stock Performance

NYSE WHR opened at $131.80 on Tuesday. The firm has a market cap of $7.18 billion, a price-to-earnings ratio of -4.70 and a beta of 1.50. The company has a 50 day moving average of $146.48 and a 200-day moving average of $144.89. The company has a current ratio of 1.08, a quick ratio of 0.73 and a debt-to-equity ratio of 2.94. Whirlpool Co. has a 1-year low of $124.43 and a 1-year high of $199.07.

Whirlpool (NYSE:WHR – Get Rating) last issued its quarterly earnings results on Tuesday, January 31st. The company reported $3.89 earnings per share for the quarter, beating analysts’ consensus estimates of $3.29 by $0.60. The business had revenue of $4.92 billion during the quarter, compared to analyst estimates of $4.92 billion. Whirlpool had a negative net margin of 7.71% and a positive return on equity of 27.98%. Whirlpool’s revenue for the quarter was down 15.3% compared to the same quarter last year. During the same quarter last year, the business posted $6.14 earnings per share. On average, equities analysts forecast that Whirlpool Co. will post 16.68 earnings per share for the current fiscal year.

Whirlpool Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 15th. Investors of record on Friday, March 3rd will be issued a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a dividend yield of 5.31%. The ex-dividend date is Thursday, March 2nd. Whirlpool’s dividend payout ratio is currently -24.96%.

Analysts Set New Price Targets

A number of brokerages have commented on WHR. StockNews.com cut shares of Whirlpool from a “hold” rating to a “sell” rating in a research note on Friday. Credit Suisse Group raised their price target on shares of Whirlpool from $140.00 to $150.00 and gave the stock a “neutral” rating in a research note on Thursday, February 2nd. JPMorgan Chase & Co. cut their price target on shares of Whirlpool from $145.00 to $137.00 and set a “neutral” rating for the company in a research note on Tuesday, December 20th. Royal Bank of Canada raised their price target on shares of Whirlpool from $108.00 to $118.00 and gave the stock an “underperform” rating in a research note on Wednesday, February 1st. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $160.00 price target on shares of Whirlpool in a research note on Thursday, November 17th. Four analysts have rated the stock with a sell rating and three have given a hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $144.00.

Insider Activity at Whirlpool

In related news, VP Christopher S. Conley sold 1,535 shares of the firm’s stock in a transaction that occurred on Tuesday, February 14th. The shares were sold at an average price of $147.20, for a total value of $225,952.00. Following the completion of the sale, the vice president now owns 2,384 shares of the company’s stock, valued at $350,924.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.33% of the stock is currently owned by company insiders.

Whirlpool Profile

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Whirlpool Corp. engages in the manufacturing and marketing of home appliances. Its products include home laundry appliances, refrigerators and freezers, cooking appliances, home dishwashers, and room air-conditioning equipment, mixers, and portable household appliances. The firm’s brands include Whirlpool, KitchenAid, Maytag, Consul, Brastemp, Amana, Bauknecht, JennAir, and Indesit.