National Bank of Canada FI Has $313,000 Holdings in Whirlpool Co. (NYSE:WHR)

National Bank of Canada FI lowered its position in Whirlpool Co. (NYSE:WHR) by 73.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,109 shares of the company’s stock after selling 8,810 shares during the quarter. National Bank of Canada FI’s holdings in Whirlpool were worth $313,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of WHR. SouthState Corp bought a new position in Whirlpool during the second quarter worth about $28,000. Belpointe Asset Management LLC grew its position in shares of Whirlpool by 65.9% during the 2nd quarter. Belpointe Asset Management LLC now owns 12,647 shares of the company’s stock worth $1,293,000 after purchasing an additional 5,024 shares in the last quarter. Foundations Investment Advisors LLC bought a new position in shares of Whirlpool during the second quarter worth approximately $507,000. Summit Financial LLC raised its position in shares of Whirlpool by 22.8% in the second quarter. Summit Financial LLC now owns 3,856 shares of the company’s stock valued at $394,000 after buying an additional 717 shares in the last quarter. Finally, Essex Financial Services Inc. boosted its stake in shares of Whirlpool by 38.8% in the second quarter. Essex Financial Services Inc. now owns 8,241 shares of the company’s stock valued at $842,000 after buying an additional 2,305 shares during the period. Institutional investors own 90.78% of the company’s stock.

Whirlpool Stock Performance

Shares of NYSE:WHR opened at $98.56 on Friday. Whirlpool Co. has a 1 year low of $84.18 and a 1 year high of $138.90. The stock has a market capitalization of $5.41 billion, a price-to-earnings ratio of 13.58 and a beta of 1.44. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.96 and a quick ratio of 0.58. The company’s 50 day simple moving average is $99.81 and its 200 day simple moving average is $100.25.

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

Whirlpool Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, September 15th. Stockholders of record on Friday, August 30th will be issued 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 7.10%. Whirlpool’s dividend payout ratio (DPR) is currently 96.42%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Bank of America initiated coverage on Whirlpool in a research note on Tuesday, July 30th. They set an “underperform” rating and a $88.00 price objective on the stock. Royal Bank of Canada decreased their price target on Whirlpool from $79.00 to $76.00 and set an “underperform” rating on the stock in a research report on Friday, July 26th. 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $103.75.

Insider Activity

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 completion of 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 filing with the SEC, which is available through the SEC website. 2.05% of the stock is currently owned by corporate insiders.

Whirlpool Company 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.