Quantbot Technologies LP Grows Holdings in Whirlpool Co. (NYSE:WHR)

Quantbot Technologies LP grew its position in Whirlpool Co. (NYSE:WHR) by 2.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,282 shares of the company’s stock after purchasing an additional 608 shares during the quarter. Quantbot Technologies LP’s holdings in Whirlpool were worth $2,812,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SouthState Corp bought a new position in Whirlpool in the 2nd quarter worth $28,000. Altshuler Shaham Ltd purchased a new position in shares of Whirlpool in the second quarter valued at about $32,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Whirlpool in the second quarter worth about $32,000. EverSource Wealth Advisors LLC grew its position 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 purchasing an additional 384 shares in the last quarter. Finally, UMB Bank n.a. raised its stake in Whirlpool by 80.6% during the 2nd quarter. UMB Bank n.a. now owns 428 shares of the company’s stock valued at $44,000 after purchasing an additional 191 shares during the period. 90.78% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

WHR has been the subject of a number of research analyst reports. Bank of America increased their price objective on shares of Whirlpool from $101.00 to $103.00 and gave the company an “underperform” rating in a report on Friday, October 25th. JPMorgan Chase & Co. raised their price objective on Whirlpool from $103.00 to $109.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Finally, Royal Bank of Canada decreased their target price on Whirlpool from $76.00 to $74.00 and set an “underperform” rating on the stock in a research report on Friday, October 25th. Two investment 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’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $106.50.

Insider Activity at Whirlpool

In related news, CFO James W. Peters sold 6,000 shares of the company’s 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 sale, the chief financial officer now directly owns 41,570 shares in the company, valued at $4,343,233.60. This represents a 12.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Juan Carlos Puente sold 3,266 shares of Whirlpool stock in a transaction dated 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 transaction, the executive vice president now owns 19,070 shares in the company, valued at $1,907,000. This trade represents a 14.62 % decrease in their position. The disclosure for this sale can be found here. 2.05% of the stock is owned by company insiders.

Whirlpool Stock Performance

NYSE WHR opened at $111.80 on Thursday. Whirlpool Co. has a fifty-two week low of $84.18 and a fifty-two week high of $125.68. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.55 and a current ratio of 0.94. The business’s 50 day moving average price is $106.75 and its 200-day moving average price is $100.18. The company has a market cap of $6.16 billion, a P/E ratio of 11.03 and a beta of 1.44.

Whirlpool (NYSE:WHR) last announced its earnings results on Wednesday, October 23rd. The company reported $3.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.99 by $0.44. The business had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.09 billion. Whirlpool had a return on equity of 21.41% and a net margin of 3.19%. The company’s revenue for the quarter was down 18.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.45 earnings per share. Sell-side analysts predict that Whirlpool Co. will post 12.27 earnings per share for the current year.

Whirlpool Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Friday, November 15th will be given a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a dividend yield of 6.26%. 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.