Whirlpool Co. (NYSE:WHR) Shares Acquired by Russell Investments Group Ltd.

Posted by on May 12th, 2023

Russell Investments Group Ltd. boosted its holdings in Whirlpool Co. (NYSE:WHR – Get Rating) by 22.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 88,065 shares of the company’s stock after purchasing an additional 16,361 shares during the quarter. Russell Investments Group Ltd. owned about 0.16% of Whirlpool worth $12,459,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. grew its position in shares of Whirlpool by 4.5% in the 4th quarter. Oppenheimer & Co. Inc. now owns 3,072 shares of the company’s stock valued at $435,000 after buying an additional 131 shares during the last quarter. Toronto Dominion Bank grew its stake in Whirlpool by 14.0% during the 4th quarter. Toronto Dominion Bank now owns 28,821 shares of the company’s stock worth $4,075,000 after buying an additional 3,534 shares during the last quarter. Investment House LLC increased its position in Whirlpool by 2.0% during the fourth quarter. Investment House LLC now owns 6,407 shares of the company’s stock worth $906,000 after buying an additional 125 shares during the period. Duality Advisers LP acquired a new stake in shares of Whirlpool in the fourth quarter valued at approximately $1,207,000. Finally, Waycross Investment Management Co acquired a new position in shares of Whirlpool in the 4th quarter valued at $738,000. Institutional investors and hedge funds own 92.14% of the company’s stock.

Whirlpool Trading Down 0.8 %

NYSE:WHR opened at $132.42 on Friday. Whirlpool Co. has a 12-month low of $124.10 and a 12-month high of $187.36. The company has a debt-to-equity ratio of 3.30, a current ratio of 1.02 and a quick ratio of 0.63. The business has a 50 day simple moving average of $133.49 and a 200 day simple moving average of $141.24. The firm has a market capitalization of $7.25 billion, a P/E ratio of -3.61, a P/E/G ratio of 1.07 and a beta of 1.49.

Whirlpool (NYSE:WHR – Get Rating) last issued its quarterly earnings data on Monday, April 24th. The company reported $2.66 earnings per share for the quarter, beating the consensus estimate of $2.14 by $0.52. Whirlpool had a negative net margin of 10.34% and a positive return on equity of 28.28%. The firm had revenue of $4.65 billion for the quarter, compared to the consensus estimate of $4.50 billion. During the same period last year, the firm posted $5.31 EPS. Whirlpool’s quarterly revenue was down 5.5% compared to the same quarter last year. Equities research analysts predict that Whirlpool Co. will post 16.29 EPS for the current year.

Whirlpool Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Friday, May 19th will be issued a $1.75 dividend. This represents a $7.00 annualized dividend and a yield of 5.29%. The ex-dividend date of this dividend is Thursday, May 18th. Whirlpool’s payout ratio is currently -19.10%.

Insiders Place Their Bets

In other Whirlpool news, VP Christopher S. Conley sold 1,535 shares of the business’s stock in a transaction dated Tuesday, February 14th. The shares were sold at an average price of $147.20, for a total value of $225,952.00. Following the sale, the vice president now directly owns 2,384 shares in the company, valued at $350,924.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.85% of the stock is owned by insiders.

Wall Street Analyst Weigh In

WHR has been the subject of a number of research reports. StockNews.com raised shares of Whirlpool from a “sell” rating to a “hold” rating in a report on Wednesday, April 26th. The Goldman Sachs Group raised shares of Whirlpool from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $170.00 to $160.00 in a research note on Tuesday, April 11th. Royal Bank of Canada increased their price target on Whirlpool from $108.00 to $118.00 and gave the stock an “underperform” rating in a research note on Wednesday, February 1st. Finally, Credit Suisse Group lifted their price target on Whirlpool from $140.00 to $150.00 and gave the company a “neutral” rating in a report on Thursday, February 2nd. 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $136.80.

About Whirlpool

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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.

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Institutional Ownership by Quarter for Whirlpool (NYSE:WHR)

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