Nisa Investment Advisors LLC Buys 1,002 Shares of Whirlpool Co. (NYSE:WHR)

Nisa Investment Advisors LLC boosted its stake in shares of Whirlpool Co. (NYSE:WHR) by 5.7% in the third quarter, Holdings Channel reports. The firm owned 18,701 shares of the company’s stock after acquiring an additional 1,002 shares during the period. Nisa Investment Advisors LLC’s holdings in Whirlpool were worth $2,001,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. SouthState Corp acquired a new stake in shares of Whirlpool in the second quarter worth $28,000. Altshuler Shaham Ltd acquired a new position in Whirlpool during the 2nd quarter worth $32,000. Ashton Thomas Private Wealth LLC bought a new stake in Whirlpool during the second quarter valued at about $32,000. EverSource Wealth Advisors LLC grew its position in shares of Whirlpool by 1,010.5% in 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 stake in shares of Whirlpool by 80.6% in 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 during the period. Institutional investors and hedge funds own 90.78% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on WHR. JPMorgan Chase & Co. increased their target price on Whirlpool from $103.00 to $109.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. Bank of America raised their price objective on shares of Whirlpool from $101.00 to $103.00 and gave the stock an “underperform” rating in a research note on Friday, October 25th. Finally, Royal Bank of Canada cut their target price on shares of Whirlpool from $76.00 to $74.00 and set an “underperform” rating for the company in a research note on Friday, October 25th. Two research analysts have rated the stock with a sell rating, two have given 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 target price of $106.50.

Insiders Place Their Bets

In other news, EVP Juan Carlos Puente sold 3,266 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $100.00, for a total value of $326,600.00. Following the sale, the executive vice president now directly owns 19,070 shares in the company, valued at approximately $1,907,000. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Whirlpool news, CFO James W. Peters sold 6,000 shares of Whirlpool stock in a transaction 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 transaction, the chief financial officer now directly owns 41,570 shares of the company’s stock, valued at approximately $4,343,233.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Juan Carlos Puente sold 3,266 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $100.00, for a total transaction of $326,600.00. Following the completion of the sale, the executive vice president now directly owns 19,070 shares in the company, valued at approximately $1,907,000. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.05% of the company’s stock.

Whirlpool Price Performance

Shares of WHR stock opened at $103.18 on Friday. Whirlpool Co. has a 12 month low of $84.18 and a 12 month high of $125.68. The company has a market capitalization of $5.69 billion, a P/E ratio of 10.18 and a beta of 1.44. The stock has a 50 day moving average of $102.50 and a two-hundred day moving average of $98.58. The company has a current ratio of 0.94, a quick ratio of 0.55 and a debt-to-equity ratio of 1.94.

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

Whirlpool Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Friday, November 15th will be given a $1.75 dividend. This represents a $7.00 annualized dividend and a yield of 6.78%. The ex-dividend date of this dividend is Friday, November 15th. Whirlpool’s dividend payout ratio (DPR) is presently 69.03%.

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.