Linden Thomas Advisory Services LLC Purchases 717 Shares of Whirlpool Co. (NYSE:WHR)

Posted by Defense World Staff on Jul 11th, 2023

Linden Thomas Advisory Services LLC raised its stake in shares of Whirlpool Co. (NYSE:WHR – Free Report) by 27.9% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 3,289 shares of the company’s stock after acquiring an additional 717 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Whirlpool were worth $434,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Point72 Asset Management L.P. bought a new position in shares of Whirlpool in the 4th quarter worth approximately $32,000. Geneos Wealth Management Inc. increased its holdings in Whirlpool by 96.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 204 shares of the company’s stock worth $35,000 after acquiring an additional 100 shares in the last quarter. OLD Mission Capital LLC purchased a new stake in Whirlpool in the 4th quarter worth approximately $39,000. Brown Brothers Harriman & Co. increased its holdings in Whirlpool by 526.3% in the 1st quarter. Brown Brothers Harriman & Co. now owns 238 shares of the company’s stock worth $41,000 after acquiring an additional 200 shares in the last quarter. Finally, CoreCap Advisors LLC purchased a new stake in Whirlpool in the 4th quarter worth approximately $45,000. Institutional investors own 89.04% of the company’s stock.

Insider Transactions at Whirlpool

In other news, EVP Juan Carlos Puente sold 420 shares of Whirlpool stock in a transaction on Friday, May 26th. The stock was sold at an average price of $134.16, for a total transaction of $56,347.20. Following the completion of the sale, the executive vice president now directly owns 17,699 shares in the company, valued at $2,374,497.84. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.85% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on WHR shares. StockNews.com initiated coverage on shares of Whirlpool in a report on Thursday, May 18th. They issued a “hold” rating for the company. The Goldman Sachs Group raised shares of Whirlpool from a “neutral” rating to a “buy” rating and cut their price objective for the company from $170.00 to $160.00 in a report on Tuesday, April 11th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Whirlpool presently has a consensus rating of “Hold” and an average target price of $136.80.

Whirlpool Stock Up 3.4 %

Shares of WHR opened at $153.39 on Tuesday. The company has a market cap of $8.40 billion, a PE ratio of -4.19, a P/E/G ratio of 1.15 and a beta of 1.52. The business has a fifty day moving average of $139.79 and a 200 day moving average of $140.39. Whirlpool Co. has a 52-week low of $124.10 and a 52-week high of $178.05. The company has a quick ratio of 0.63, a current ratio of 1.02 and a debt-to-equity ratio of 3.30.

Whirlpool (NYSE:WHR – Get Free Report) last issued its quarterly earnings results on Monday, April 24th. The company reported $2.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.14 by $0.52. The company had revenue of $4.65 billion during the quarter, compared to the consensus estimate of $4.50 billion. Whirlpool had a positive return on equity of 28.28% and a negative net margin of 10.34%. Whirlpool’s revenue was down 5.5% on a year-over-year basis. During the same period last year, the company earned $5.31 earnings per share. On average, sell-side analysts expect that Whirlpool Co. will post 16.42 EPS for the current year.

Whirlpool Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Friday, May 19th were given a dividend of $1.75 per share. The ex-dividend date was Thursday, May 18th. This represents a $7.00 annualized dividend and a dividend yield of 4.56%. Whirlpool’s dividend payout ratio (DPR) is -19.10%.

About Whirlpool

(Free Report)

Whirlpool Corporation manufactures and markets home appliances and related products and services in 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.