Brandes Investment Partners LP Acquires 3,790 Shares of Whirlpool Co. (NYSE:WHR)

Brandes Investment Partners LP grew its holdings in Whirlpool Co. (NYSE:WHR) by 110.1% during the second quarter, Holdings Channel.com reports. The firm owned 7,233 shares of the company’s stock after acquiring an additional 3,790 shares during the period. Brandes Investment Partners LP’s holdings in Whirlpool were worth $739,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. SouthState Corp acquired a new position in Whirlpool during the 2nd quarter worth about $28,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Whirlpool in the second quarter worth about $32,000. Altshuler Shaham Ltd acquired a new position in shares of Whirlpool during the second quarter worth approximately $32,000. EverSource Wealth Advisors LLC grew its stake in shares of Whirlpool by 1,010.5% during the second quarter. EverSource Wealth Advisors LLC now owns 422 shares of the company’s stock valued at $43,000 after purchasing an additional 384 shares during the last quarter. Finally, UMB Bank n.a. increased its holdings in shares of 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 purchasing an additional 191 shares in the last quarter. Institutional investors own 90.78% of the company’s stock.

Whirlpool Trading Down 0.6 %

NYSE:WHR opened at $107.00 on Tuesday. The firm has a market capitalization of $5.85 billion, a price-to-earnings ratio of 14.82 and a beta of 1.44. Whirlpool Co. has a 1-year low of $84.18 and a 1-year high of $134.28. The business’s 50-day moving average price is $99.03 and its two-hundred day moving average price is $99.86. The company has a current ratio of 0.96, a quick ratio of 0.58 and a debt-to-equity ratio of 1.88.

Whirlpool (NYSE:WHR) last released its quarterly earnings data on Wednesday, July 24th. The company reported $2.39 earnings per share for the quarter, hitting 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 for the quarter, compared to analyst estimates of $3.96 billion. During the same quarter last year, the firm earned $4.21 EPS. Whirlpool’s quarterly revenue was down 16.8% compared to the same quarter last year. On average, equities analysts expect that Whirlpool Co. will post 11.31 earnings per share for the current year.

Whirlpool Dividend Announcement

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

Insider Buying and Selling

In other Whirlpool news, EVP Juan Carlos Puente sold 3,266 shares of the business’s 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 directly owns 19,070 shares of the company’s stock, valued at $1,907,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.05% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on WHR. Bank of America began coverage on Whirlpool in a report on Tuesday, July 30th. They set an “underperform” rating and a $88.00 price objective on the stock. Royal Bank of Canada lowered their price objective on Whirlpool from $79.00 to $76.00 and set an “underperform” rating for the company in a research report on Friday, July 26th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus 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.