Greenwood Capital Associates LLC Acquires Shares of 7,304 Whirlpool Co. (NYSE:WHR)

Greenwood Capital Associates LLC acquired a new position in shares of Whirlpool Co. (NYSE:WHR - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 7,304 shares of the company's stock, valued at approximately $782,000.

A number of other hedge funds have also modified their holdings of WHR. SouthState Corp acquired a new position in shares of Whirlpool in the 2nd quarter valued at about $28,000. Altshuler Shaham Ltd acquired a new stake in shares of Whirlpool during the 2nd quarter valued at $32,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Whirlpool during the 2nd quarter valued at $32,000. EverSource Wealth Advisors LLC increased its stake in shares of Whirlpool by 1,010.5% in the second quarter. EverSource Wealth Advisors LLC now owns 422 shares of the company's stock worth $43,000 after acquiring an additional 384 shares during the last quarter. Finally, UMB Bank n.a. raised its holdings in shares of Whirlpool by 80.6% during the second quarter. UMB Bank n.a. now owns 428 shares of the company's stock worth $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.

Insider Buying and Selling at Whirlpool

In related news, CFO James W. Peters sold 6,000 shares of the stock in a transaction dated Monday, October 28th. The shares were 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 owns 41,570 shares in the company, valued at $4,343,233.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CFO James W. Peters sold 6,000 shares of the firm's stock in a transaction that occurred on Monday, October 28th. The shares were 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 owns 41,570 shares of the company's stock, valued at approximately $4,343,233.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible 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 directly owns 19,070 shares of the company's stock, valued at $1,907,000. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.05% of the company's stock.

Whirlpool Price Performance

Shares of WHR stock opened at $109.01 on Wednesday. Whirlpool Co. has a 12 month low of $84.18 and a 12 month high of $125.68. The company has a current ratio of 0.94, a quick ratio of 0.55 and a debt-to-equity ratio of 1.94. The stock has a 50 day moving average of $102.60 and a two-hundred day moving average of $98.56. The company has a market capitalization of $6.01 billion, a P/E ratio of 10.49 and a beta of 1.44.

Whirlpool (NYSE:WHR - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The company reported $3.43 earnings per share for the quarter, beating the consensus estimate of $2.99 by $0.44. The business had revenue of $3.99 billion for the quarter, compared to analyst estimates of $4.09 billion. Whirlpool had a net margin of 3.19% and a return on equity of 21.41%. The firm's revenue was down 18.9% on a year-over-year basis. During the same period in the previous year, the business earned $5.45 EPS. As a group, equities analysts expect that Whirlpool Co. will post 12.27 EPS for the current year.

Whirlpool Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Friday, November 15th will be paid a dividend of $1.75 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $7.00 annualized dividend and a yield of 6.42%. Whirlpool's dividend payout ratio is currently 69.03%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on WHR. Bank of America lifted their price target on Whirlpool from $101.00 to $103.00 and gave the company an "underperform" rating in a report on Friday, October 25th. JPMorgan Chase & Co. boosted their target price on shares of Whirlpool from $103.00 to $109.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 29th. Finally, Royal Bank of Canada cut their price target on shares of Whirlpool from $76.00 to $74.00 and set an "underperform" rating on the stock in a report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, Whirlpool has an average rating of "Hold" and an average target price 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.