True Wealth Design LLC Purchases 300 Shares of Whirlpool Co. (NYSE:WHR)

True Wealth Design LLC increased its position in Whirlpool Co. (NYSE:WHR) by 545.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 355 shares of the company’s stock after acquiring an additional 300 shares during the quarter. True Wealth Design LLC’s holdings in Whirlpool were worth $38,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. SouthState Corp acquired a new stake in shares of Whirlpool in the second quarter valued at about $28,000. Altshuler Shaham Ltd acquired a new stake in Whirlpool in the 2nd quarter valued at approximately $32,000. Ashton Thomas Private Wealth LLC bought a new position in Whirlpool in the 2nd quarter worth approximately $32,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Whirlpool by 1,010.5% during the second quarter. EverSource Wealth Advisors LLC now owns 422 shares of the company’s stock worth $43,000 after buying an additional 384 shares during the last quarter. Finally, UMB Bank n.a. boosted its position in shares of Whirlpool by 80.6% in the second quarter. UMB Bank n.a. now owns 428 shares of the company’s stock valued at $44,000 after acquiring an additional 191 shares during the period. Institutional investors own 90.78% of the company’s stock.

Whirlpool Stock Down 0.3 %

Shares of NYSE:WHR opened at $111.42 on Monday. The company has a quick ratio of 0.55, a current ratio of 0.94 and a debt-to-equity ratio of 1.94. The firm has a market cap of $6.14 billion, a P/E ratio of 10.99 and a beta of 1.46. Whirlpool Co. has a 12 month low of $84.18 and a 12 month high of $125.68. The company’s 50-day moving average price is $107.09 and its two-hundred day moving average price is $100.44.

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

Whirlpool Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Friday, November 15th will be paid a $1.75 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $7.00 annualized dividend and a dividend yield of 6.28%. Whirlpool’s dividend payout ratio (DPR) is currently 69.03%.

Insider Transactions at Whirlpool

In related news, CFO James W. Peters sold 6,000 shares of Whirlpool stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $104.48, for a total value of $626,880.00. Following the completion of the sale, the chief financial officer now directly owns 41,570 shares in the company, valued at $4,343,233.60. This trade represents a 12.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Juan Carlos Puente sold 3,266 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $100.00, for a total transaction of $326,600.00. Following the transaction, the executive vice president now owns 19,070 shares in the company, valued at approximately $1,907,000. The trade was a 14.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.05% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on WHR shares. Bank of America boosted their price objective on Whirlpool from $101.00 to $103.00 and gave the company an “underperform” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. increased their price objective on shares of Whirlpool from $103.00 to $109.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. Finally, Royal Bank of Canada lowered their target price on shares of Whirlpool from $76.00 to $74.00 and set an “underperform” rating on the stock in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Whirlpool has a consensus rating of “Hold” and a consensus price target of $106.50.

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.