Waterloo Capital L.P. Buys 1,683 Shares of Whirlpool Co. (NYSE:WHR)

Waterloo Capital L.P. increased its holdings in Whirlpool Co. (NYSE:WHR) by 8.8% during the 2nd quarter, Holdings Channel reports. The firm owned 20,887 shares of the company’s stock after buying an additional 1,683 shares during the period. Waterloo Capital L.P.’s holdings in Whirlpool were worth $2,135,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. V Square Quantitative Management LLC grew its stake in shares of Whirlpool by 5.9% in the fourth quarter. V Square Quantitative Management LLC now owns 1,786 shares of the company’s stock worth $217,000 after purchasing an additional 100 shares during the last quarter. Private Advisor Group LLC grew its stake in shares of Whirlpool by 2.6% in the first quarter. Private Advisor Group LLC now owns 5,006 shares of the company’s stock worth $599,000 after purchasing an additional 125 shares during the last quarter. Greenleaf Trust grew its stake in shares of Whirlpool by 8.1% in the first quarter. Greenleaf Trust now owns 1,880 shares of the company’s stock worth $225,000 after purchasing an additional 141 shares during the last quarter. Arizona State Retirement System grew its stake in shares of Whirlpool by 1.1% in the second quarter. Arizona State Retirement System now owns 15,247 shares of the company’s stock worth $1,558,000 after purchasing an additional 172 shares during the last quarter. Finally, Park Avenue Securities LLC grew its stake in shares of Whirlpool by 2.5% in the first quarter. Park Avenue Securities LLC now owns 7,005 shares of the company’s stock worth $838,000 after purchasing an additional 174 shares during the last quarter. 90.78% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Juan Carlos Puente sold 3,266 shares of Whirlpool 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 $1,907,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.05% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Royal Bank of Canada cut their target price on Whirlpool from $79.00 to $76.00 and set an “underperform” rating on the stock in a research note on Friday, July 26th. Bank of America began coverage on shares of Whirlpool in a report on Tuesday, July 30th. They issued an “underperform” rating and a $88.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Whirlpool currently has an average rating of “Hold” and a consensus price target of $103.75.

Whirlpool Stock Performance

Shares of WHR opened at $101.86 on Wednesday. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.96 and a quick ratio of 0.58. Whirlpool Co. has a one year low of $84.18 and a one year high of $138.90. The company has a 50-day simple moving average of $99.77 and a two-hundred day simple moving average of $100.07. The firm has a market capitalization of $5.59 billion, a PE ratio of 14.03 and a beta of 1.44.

Whirlpool (NYSE:WHR) last released its 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 net margin of 2.89% and a return on equity of 27.67%. The firm had revenue of $3.99 billion during the quarter, compared to analyst estimates of $3.96 billion. During the same period last year, the business earned $4.21 earnings per share. The business’s revenue was down 16.8% on a year-over-year basis. On average, analysts anticipate 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 was paid on Sunday, September 15th. Stockholders of record on Friday, August 30th were issued a dividend of $1.75 per share. The ex-dividend date was Friday, August 30th. This represents a $7.00 annualized dividend and a dividend yield of 6.87%. Whirlpool’s payout ratio is 96.42%.

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.