Daymark Wealth Partners LLC Has $1.39 Million Stock Holdings in Whirlpool Co. (NYSE:WHR)

Daymark Wealth Partners LLC decreased its stake in Whirlpool Co. (NYSE:WHR) by 2.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 13,627 shares of the company’s stock after selling 350 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Whirlpool were worth $1,393,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. SouthState Corp purchased a new position in shares of Whirlpool in the second quarter worth approximately $28,000. Altshuler Shaham Ltd purchased a new position in Whirlpool during the 2nd quarter worth approximately $32,000. Ashton Thomas Private Wealth LLC acquired a new stake in Whirlpool during the 2nd quarter valued at $32,000. Salem Investment Counselors Inc. purchased a new stake in shares of Whirlpool in the first quarter valued at $45,000. Finally, Parallel Advisors LLC boosted its position in shares of Whirlpool by 82.5% in the fourth quarter. Parallel Advisors LLC now owns 407 shares of the company’s stock worth $50,000 after buying an additional 184 shares during the period. Hedge funds and other institutional investors own 90.78% of the company’s stock.

Insider Transactions 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 completion of the sale, the executive vice president now owns 19,070 shares of the company’s stock, valued at approximately $1,907,000. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.05% of the stock is currently owned by company insiders.

Whirlpool Price Performance

Shares of NYSE:WHR opened at $106.51 on Friday. The firm has a market cap of $5.85 billion, a price-to-earnings ratio of 14.67 and a beta of 1.44. Whirlpool Co. has a 1 year low of $84.18 and a 1 year high of $135.45. 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 business has a fifty day simple moving average of $98.96 and a 200 day simple moving average of $99.94.

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

Whirlpool Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Sunday, September 15th. Shareholders of record on Friday, August 30th were given a $1.75 dividend. This represents a $7.00 annualized dividend and a yield of 6.57%. The ex-dividend date of this dividend was Friday, August 30th. Whirlpool’s dividend payout ratio is 96.42%.

Analyst Upgrades and Downgrades

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

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.