Whirlpool Co. (NYSE:WHR) Shares Bought by Easterly Investment Partners LLC

Easterly Investment Partners LLC lifted its stake in shares of Whirlpool Co. (NYSE:WHR) by 7.5% during the second quarter, Holdings Channel reports. The fund owned 77,292 shares of the company’s stock after purchasing an additional 5,373 shares during the quarter. Easterly Investment Partners LLC’s holdings in Whirlpool were worth $7,899,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Salem Investment Counselors Inc. purchased a new stake in shares of Whirlpool during the 1st quarter valued at about $45,000. Parallel Advisors LLC grew its stake in Whirlpool by 82.5% during the 4th quarter. Parallel Advisors LLC now owns 407 shares of the company’s stock valued at $50,000 after purchasing an additional 184 shares in the last quarter. Federated Hermes Inc. grew its stake in Whirlpool by 79.4% during the 4th quarter. Federated Hermes Inc. now owns 436 shares of the company’s stock valued at $53,000 after purchasing an additional 193 shares in the last quarter. Viking Fund Management LLC grew its stake in Whirlpool by 542.9% during the 1st quarter. Viking Fund Management LLC now owns 450 shares of the company’s stock valued at $54,000 after purchasing an additional 380 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its stake in Whirlpool by 27.1% during the 4th quarter. Parkside Financial Bank & Trust now owns 539 shares of the company’s stock valued at $66,000 after purchasing an additional 115 shares in the last quarter. Institutional investors and hedge funds own 90.78% of the company’s stock.

Whirlpool Stock Performance

NYSE:WHR traded up $4.33 during midday trading on Friday, reaching $102.37. 704,172 shares of the company traded hands, compared to its average volume of 923,761. Whirlpool Co. has a twelve month low of $84.18 and a twelve month high of $142.52. The firm has a market capitalization of $5.62 billion, a price-to-earnings ratio of 14.10 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 has a fifty day moving average price of $98.92 and a 200 day moving average price of $101.24.

Whirlpool (NYSE:WHR) last announced its earnings results on Wednesday, July 24th. The company reported $2.39 earnings per share for the quarter, meeting the consensus estimate of $2.39. The firm had revenue of $3.99 billion for 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 firm’s revenue for the quarter was down 16.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.21 EPS. On average, analysts expect that Whirlpool Co. will post 11.31 EPS for the current fiscal year.

Whirlpool Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, September 15th. Shareholders of record on Friday, August 30th will be paid a dividend of $1.75 per share. This represents a $7.00 annualized dividend and a yield of 6.84%. The ex-dividend date is Friday, August 30th. Whirlpool’s payout ratio is currently 96.42%.

Analyst Ratings Changes

WHR has been the subject of a number of recent analyst reports. 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 for the company. Royal Bank of Canada lowered their price objective on Whirlpool from $79.00 to $76.00 and set an “underperform” rating for the company in a research note on Friday, July 26th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Whirlpool has an average 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.