Sanctuary Advisors LLC Makes New $747,000 Investment in Whirlpool Co. (NYSE:WHR)

Sanctuary Advisors LLC purchased a new stake in Whirlpool Co. (NYSE:WHR - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 7,901 shares of the company's stock, valued at approximately $747,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. SouthState Corp purchased a new position in Whirlpool in the second quarter valued at about $28,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Whirlpool in the 2nd quarter worth approximately $32,000. Altshuler Shaham Ltd purchased a new position in Whirlpool in the 2nd quarter valued at approximately $32,000. EverSource Wealth Advisors LLC raised its holdings in 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 during the last quarter. Finally, UMB Bank n.a. boosted its position in 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 purchasing an additional 191 shares in the last quarter. Institutional investors and hedge funds own 90.78% of the company's stock.

Insider Buying and Selling

In other Whirlpool news, EVP Juan Carlos Puente sold 3,266 shares of Whirlpool stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $100.00, for a total value of $326,600.00. Following the completion of the sale, the executive vice president now owns 19,070 shares in the company, valued at $1,907,000. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.05% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Royal Bank of Canada cut their price target on Whirlpool from $79.00 to $76.00 and set an "underperform" rating for the company in a research note on Friday, July 26th. Bank of America started coverage on shares of Whirlpool in a report on Tuesday, July 30th. They issued an "underperform" rating and a $88.00 price target on the stock. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Whirlpool presently has a consensus rating of "Hold" and a consensus target price of $103.75.

Whirlpool Trading Down 0.9 %

NYSE:WHR traded down $0.92 on Monday, reaching $104.19. The stock had a trading volume of 755,117 shares, compared to its average volume of 1,205,094. Whirlpool Co. has a 12-month low of $84.18 and a 12-month high of $132.31. The company has a market cap of $5.69 billion, a price-to-earnings ratio of 14.37 and a beta of 1.44. The firm's fifty day moving average is $99.84 and its two-hundred day moving average is $99.50. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.96 and a quick ratio of 0.58.

Whirlpool (NYSE:WHR - Get Free Report) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $2.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.39. The business had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $3.96 billion. Whirlpool had a net margin of 2.89% and a return on equity of 27.67%. The company's quarterly revenue was down 16.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.21 earnings per share. Equities analysts expect that Whirlpool Co. will post 11.31 EPS for the current fiscal year.

Whirlpool Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Sunday, September 15th. Investors 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 annualized dividend and a yield of 6.72%. Whirlpool's payout ratio is currently 96.42%.

Whirlpool 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.