LHM Inc. Raises Stock Position in Whirlpool Co. (NYSE:WHR)

LHM Inc. increased its position in Whirlpool Co. (NYSE:WHR - Free Report) by 84.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,415 shares of the company's stock after acquiring an additional 17,105 shares during the quarter. Whirlpool comprises approximately 1.6% of LHM Inc.'s holdings, making the stock its 13th biggest position. LHM Inc. owned about 0.07% of Whirlpool worth $3,824,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Primecap Management Co. CA increased its stake in shares of Whirlpool by 1.8% in the second quarter. Primecap Management Co. CA now owns 4,858,250 shares of the company's stock worth $496,513,000 after purchasing an additional 84,574 shares in the last quarter. Newport Trust Company LLC increased its stake in Whirlpool by 23.8% in the 2nd quarter. Newport Trust Company LLC now owns 1,402,941 shares of the company's stock worth $143,381,000 after buying an additional 269,976 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Whirlpool by 46.8% during the second quarter. Dimensional Fund Advisors LP now owns 981,472 shares of the company's stock valued at $100,304,000 after acquiring an additional 312,729 shares during the period. Deprince Race & Zollo Inc. lifted its position in shares of Whirlpool by 84.4% in the second quarter. Deprince Race & Zollo Inc. now owns 532,466 shares of the company's stock valued at $54,418,000 after acquiring an additional 243,743 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Whirlpool by 1.8% in the second quarter. Bank of New York Mellon Corp now owns 462,308 shares of the company's stock worth $47,248,000 after acquiring an additional 8,244 shares during the period. Institutional investors own 90.78% of the company's stock.

Whirlpool Price Performance

Shares of WHR traded down $0.03 during mid-day trading on Tuesday, hitting $106.97. 367,450 shares of the stock were exchanged, compared to its average volume of 1,236,038. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.58 and a current ratio of 0.96. The company has a market cap of $5.84 billion, a PE ratio of 14.63 and a beta of 1.44. Whirlpool Co. has a 52-week low of $84.18 and a 52-week high of $134.28. The firm has a 50-day moving average of $99.04 and a two-hundred day moving average of $99.87.

Whirlpool (NYSE:WHR - Get Free Report) last released its quarterly earnings data on Wednesday, July 24th. The company reported $2.39 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 business had revenue of $3.99 billion during the quarter, compared to analyst estimates of $3.96 billion. During the same quarter last year, the business earned $4.21 earnings per share. Whirlpool's quarterly revenue was down 16.8% compared to the same quarter last year. On average, equities analysts predict that Whirlpool Co. will post 11.31 earnings per share for the current year.

Whirlpool Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Sunday, September 15th. Stockholders of record on Friday, August 30th were issued a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a dividend yield of 6.54%. The ex-dividend date was Friday, August 30th. Whirlpool's dividend payout ratio (DPR) is 96.42%.

Insider Transactions at Whirlpool

In other Whirlpool news, EVP Juan Carlos Puente sold 3,266 shares of the business's stock in a transaction 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 transaction, the executive vice president now 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 at this hyperlink. Company insiders own 2.05% of the company's stock.

Wall Street Analyst Weigh In

WHR has been the topic of several recent analyst reports. Royal Bank of Canada decreased 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 initiated coverage on shares of Whirlpool in a report on Tuesday, July 30th. They issued an "underperform" rating and a $88.00 target price on the stock. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $103.75.

Whirlpool Company Profile

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.