Whirlpool Co. (NYSE:WHR) Holdings Raised by Truist Financial Corp

Truist Financial Corp increased its stake in shares of Whirlpool Co. (NYSE:WHR - Free Report) by 32.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,674 shares of the company's stock after purchasing an additional 7,555 shares during the quarter. Truist Financial Corp owned approximately 0.06% of Whirlpool worth $3,135,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in WHR. SouthState Corp purchased a new position in shares of Whirlpool during the 2nd quarter worth about $28,000. Altshuler Shaham Ltd purchased a new position in Whirlpool in the second quarter valued at approximately $32,000. Ashton Thomas Private Wealth LLC acquired a new position in Whirlpool during the second quarter valued at approximately $32,000. Salem Investment Counselors Inc. purchased a new stake in Whirlpool during the first quarter worth approximately $45,000. Finally, EverSource Wealth Advisors LLC increased its position 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 in the last quarter. Institutional investors and hedge funds own 90.78% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on WHR. Bank of America initiated coverage on Whirlpool in a research report on Tuesday, July 30th. They issued an "underperform" rating and a $88.00 price objective on the stock. Royal Bank of Canada reduced their price target on Whirlpool from $79.00 to $76.00 and set an "underperform" rating on the stock in a research report on Friday, July 26th. Two equities 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 company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $103.75.

Insider Transactions at Whirlpool

In other Whirlpool news, EVP Juan Carlos Puente sold 3,266 shares of the company's stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $100.00, for a total transaction of $326,600.00. Following the sale, the executive vice president now owns 19,070 shares in the company, valued at $1,907,000. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 2.05% of the company's stock.

Whirlpool Stock Down 1.4 %

Shares of NYSE WHR traded down $1.50 during midday trading on Thursday, reaching $103.21. 650,352 shares of the company's stock were exchanged, compared to its average volume of 1,209,460. The stock has a market capitalization of $5.64 billion, a PE ratio of 14.22 and a beta of 1.44. Whirlpool Co. has a 52-week low of $84.18 and a 52-week high of $132.31. 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 business's fifty day moving average price is $99.59 and its two-hundred day moving average price is $99.75.

Whirlpool (NYSE:WHR - Get Free Report) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $2.39 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.39. Whirlpool had a return on equity of 27.67% and a net margin of 2.89%. The company had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $3.96 billion. During the same period in the previous year, the business earned $4.21 EPS. Whirlpool's revenue for the quarter was down 16.8% compared to the same quarter last year. Analysts forecast that Whirlpool Co. will post 11.31 EPS 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 paid a $1.75 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 6.78%. Whirlpool's dividend payout ratio (DPR) is presently 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.