Farther Finance Advisors LLC Grows Stake in Whirlpool Co. (NYSE:WHR)

Farther Finance Advisors LLC grew its position in Whirlpool Co. (NYSE:WHR) by 436.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,102 shares of the company’s stock after purchasing an additional 3,338 shares during the quarter. Farther Finance Advisors LLC’s holdings in Whirlpool were worth $414,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Janney Montgomery Scott LLC lifted its stake in shares of Whirlpool by 20.0% during the first quarter. Janney Montgomery Scott LLC now owns 41,855 shares of the company’s stock worth $5,007,000 after buying an additional 6,984 shares during the period. Empowered Funds LLC acquired a new stake in shares of Whirlpool during the first quarter worth $1,054,000. Retirement Systems of Alabama lifted its stake in shares of Whirlpool by 471.3% during the first quarter. Retirement Systems of Alabama now owns 69,067 shares of the company’s stock worth $8,262,000 after buying an additional 56,978 shares during the period. HB Wealth Management LLC acquired a new stake in shares of Whirlpool during the first quarter worth $219,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of Whirlpool during the first quarter worth $10,369,000. 90.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Whirlpool Trading Up 0.7 %

Shares of Whirlpool stock opened at $98.88 on Thursday. The firm has a 50-day simple moving average of $100.53 and a two-hundred day simple moving average of $100.84. The company has a market cap of $5.40 billion, a P/E ratio of 13.52 and a beta of 1.44. Whirlpool Co. has a fifty-two week low of $84.18 and a fifty-two week high of $141.63. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.58 and a current ratio of 0.96.

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

Whirlpool Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, September 15th. Shareholders of record on Friday, August 30th will be given a $1.75 dividend. The ex-dividend date is Friday, August 30th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 7.08%. Whirlpool’s dividend payout ratio (DPR) is currently 96.42%.

Insiders Place Their Bets

In other news, EVP Juan Carlos Puente sold 3,266 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $100.00, for a total transaction of $326,600.00. Following the completion of the sale, the executive vice president now owns 19,070 shares of the company’s stock, valued at $1,907,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.05% of the company’s stock.

About Whirlpool

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.