Whirlpool Co. (NYSE:WHR) Shares Bought by Sei Investments Co.

Sei Investments Co. grew its holdings in Whirlpool Co. (NYSE:WHR) by 7.8% during the second quarter, HoldingsChannel reports. The fund owned 44,793 shares of the company’s stock after purchasing an additional 3,225 shares during the period. Sei Investments Co.’s holdings in Whirlpool were worth $4,578,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. SouthState Corp purchased a new position in Whirlpool in the second quarter valued at approximately $28,000. Ashton Thomas Private Wealth LLC acquired a new stake in Whirlpool during the second quarter worth approximately $32,000. Salem Investment Counselors Inc. acquired a new stake in Whirlpool during the first quarter worth approximately $45,000. Parallel Advisors LLC raised its holdings in Whirlpool by 82.5% during the fourth quarter. Parallel Advisors LLC now owns 407 shares of the company’s stock worth $50,000 after purchasing an additional 184 shares in the last quarter. Finally, UMB Bank n.a. raised its holdings in Whirlpool by 80.6% during the second quarter. UMB Bank n.a. now owns 428 shares of the company’s stock worth $44,000 after purchasing an additional 191 shares in the last quarter. Institutional investors and hedge funds own 90.78% of the company’s stock.

Insider Activity at Whirlpool

In related news, EVP Juan Carlos Puente sold 3,266 shares of Whirlpool stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $100.00, for a total value of $326,600.00. Following the transaction, the executive vice president now directly owns 19,070 shares in the company, valued at approximately $1,907,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.05% of the stock is currently owned by insiders.

Whirlpool Stock Performance

Shares of WHR opened at $106.97 on Wednesday. The company has a current ratio of 0.96, a quick ratio of 0.58 and a debt-to-equity ratio of 1.88. The firm has a market cap of $5.84 billion, a PE ratio of 14.63 and a beta of 1.44. The company’s 50 day simple moving average is $99.04 and its 200-day simple moving average is $99.87. Whirlpool Co. has a 12-month low of $84.18 and a 12-month high of $134.28.

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

Whirlpool Announces Dividend

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. The ex-dividend date of this dividend was Friday, August 30th. This represents a $7.00 dividend on an annualized basis and a yield of 6.54%. Whirlpool’s dividend payout ratio (DPR) is 96.42%.

Analysts Set New Price Targets

A number of analysts have weighed in on WHR shares. Bank of America started coverage on shares of 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 cut their price objective on shares of Whirlpool from $79.00 to $76.00 and set an “underperform” rating on the stock in a report on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Whirlpool presently has a consensus rating of “Hold” and an average price target of $103.75.

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.