Victory Capital Management Inc. Has $1.17 Million Stake in Whirlpool Co. (NYSE:WHR)

Victory Capital Management Inc. cut its stake in shares of Whirlpool Co. (NYSE:WHR) by 6.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,890 shares of the company’s stock after selling 748 shares during the period. Victory Capital Management Inc.’s holdings in Whirlpool were worth $1,165,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of WHR. SouthState Corp purchased a new position in Whirlpool during the second quarter worth about $28,000. Altshuler Shaham Ltd purchased a new stake in Whirlpool in the 2nd quarter valued at about $32,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Whirlpool during the 2nd quarter worth approximately $32,000. EverSource Wealth Advisors LLC boosted its stake in shares of Whirlpool by 1,010.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 422 shares of the company’s stock worth $43,000 after buying an additional 384 shares during the last quarter. Finally, UMB Bank n.a. grew 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 acquiring an additional 191 shares in the last quarter. 90.78% of the stock is owned by hedge funds and other institutional investors.

Whirlpool Stock Down 4.8 %

WHR stock opened at $112.36 on Wednesday. Whirlpool Co. has a fifty-two week low of $84.18 and a fifty-two week high of $125.68. The stock has a fifty day moving average of $106.53 and a 200-day moving average of $100.10. The company has a market capitalization of $6.20 billion, a price-to-earnings ratio of 11.08 and a beta of 1.44. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.55 and a current ratio of 0.94.

Whirlpool (NYSE:WHR) last issued its earnings results on Wednesday, October 23rd. The company reported $3.43 earnings per share for the quarter, topping analysts’ consensus estimates of $2.99 by $0.44. Whirlpool had a net margin of 3.19% and a return on equity of 21.41%. The firm had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same quarter last year, the business earned $5.45 earnings per share. The company’s quarterly revenue was down 18.9% on a year-over-year basis. As a group, equities research analysts predict that Whirlpool Co. will post 12.27 earnings per share for the current year.

Whirlpool Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Friday, November 15th will be issued a dividend of $1.75 per share. The ex-dividend date is Friday, November 15th. This represents a $7.00 dividend on an annualized basis and a yield of 6.23%. Whirlpool’s payout ratio is 69.03%.

Insiders Place Their Bets

In related news, EVP Juan Carlos Puente sold 3,266 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $100.00, for a total transaction of $326,600.00. Following the sale, the executive vice president now owns 19,070 shares of the company’s stock, valued at approximately $1,907,000. This represents a 14.62 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO James W. Peters sold 6,000 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $104.48, for a total transaction of $626,880.00. Following the completion of the sale, the chief financial officer now owns 41,570 shares in the company, valued at $4,343,233.60. This represents a 12.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.05% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Bank of America boosted their price objective on Whirlpool from $101.00 to $103.00 and gave the stock an “underperform” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. lifted their price objective on shares of Whirlpool from $103.00 to $109.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. Finally, Royal Bank of Canada dropped their target price on shares of Whirlpool from $76.00 to $74.00 and set an “underperform” rating on the stock in a research note on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $106.50.

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.