Whirlpool Co. (NYSE:WHR) EVP Juan Carlos Puente Sells 3,266 Shares

Whirlpool Co. (NYSE:WHR) EVP Juan Carlos Puente sold 3,266 shares of the 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 $1,907,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Whirlpool Trading Up 0.7 %

Whirlpool stock traded up $0.71 during trading hours on Wednesday, reaching $98.88. 303,865 shares of the company’s stock were exchanged, compared to its average volume of 1,296,256. The company has a quick ratio of 0.58, a current ratio of 0.96 and a debt-to-equity ratio of 1.88. The firm’s 50 day simple moving average is $100.53 and its 200 day simple moving average is $100.84. The firm has a market capitalization of $5.40 billion, a PE ratio of 13.52 and a beta of 1.44. Whirlpool Co. has a twelve month low of $84.18 and a twelve month high of $141.63.

Whirlpool (NYSE:WHR) last issued its earnings results on Wednesday, July 24th. The company reported $2.39 EPS for the quarter, meeting the consensus estimate 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 firm’s revenue for the quarter was down 16.8% compared to the same quarter last year. During the same period last year, the business posted $4.21 EPS. Research analysts predict that Whirlpool Co. will post 11.31 earnings per share for the current year.

Whirlpool Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, September 15th. Stockholders of record on Friday, August 30th will be paid a $1.75 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $7.00 annualized dividend and a dividend yield of 7.08%. Whirlpool’s dividend payout ratio is presently 96.42%.

Institutional Trading of Whirlpool

Several large investors have recently made changes to their positions in WHR. SouthState Corp acquired a new stake in shares of Whirlpool in the 2nd quarter valued at about $28,000. Ashton Thomas Private Wealth LLC bought a new position in Whirlpool in the 2nd quarter valued at about $32,000. Altshuler Shaham Ltd bought a new position in Whirlpool in the 2nd quarter valued at about $32,000. EverSource Wealth Advisors LLC lifted its position in Whirlpool by 1,010.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 422 shares of the company’s stock valued at $43,000 after acquiring an additional 384 shares in the last quarter. Finally, UMB Bank n.a. lifted its position in Whirlpool by 80.6% in the 2nd 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 currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Royal Bank of Canada decreased their price objective on Whirlpool from $79.00 to $76.00 and set an “underperform” rating for the company in a report on Friday, July 26th. Bank of America initiated coverage on Whirlpool in a report on Tuesday, July 30th. They set an “underperform” rating and a $88.00 price target for the company. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Whirlpool currently has an average rating of “Hold” and a consensus target price 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.