HM Payson & Co. Buys Shares of 9,219 Whirlpool Co. (NYSE:WHR)

HM Payson & Co. bought a new stake in Whirlpool Co. (NYSE:WHR) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 9,219 shares of the company’s stock, valued at approximately $1,312,000.

A number of other institutional investors also recently modified their holdings of the business. Ladenburg Thalmann Financial Services Inc. increased its holdings in Whirlpool by 9.0% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 15,660 shares of the company’s stock valued at $2,230,000 after buying an additional 1,297 shares in the last quarter. Eaton Vance Management increased its holdings in Whirlpool by 21.0% in the second quarter. Eaton Vance Management now owns 13,543 shares of the company’s stock valued at $1,928,000 after buying an additional 2,350 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in Whirlpool in the second quarter valued at about $2,221,000. Mutual Advisors LLC increased its holdings in Whirlpool by 17.1% in the second quarter. Mutual Advisors LLC now owns 4,100 shares of the company’s stock valued at $584,000 after buying an additional 600 shares in the last quarter. Finally, MidWestOne Financial Group Inc. purchased a new position in Whirlpool in the second quarter valued at about $301,000. 93.96% of the stock is owned by institutional investors.

A number of brokerages have issued reports on WHR. Longbow Research set a $178.00 target price on shares of Whirlpool and gave the company a “buy” rating in a report on Friday, August 2nd. Zacks Investment Research raised shares of Whirlpool from a “hold” rating to a “buy” rating and set a $147.00 price objective for the company in a research note on Thursday, August 22nd. ValuEngine raised shares of Whirlpool from a “strong sell” rating to a “sell” rating in a research note on Tuesday, September 10th. TheStreet raised shares of Whirlpool from a “c+” rating to a “b-” rating in a research note on Monday, July 22nd. Finally, Buckingham Research set a $150.00 price objective on shares of Whirlpool and gave the stock a “hold” rating in a research note on Tuesday, September 17th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $144.40.

WHR stock traded down $0.98 during midday trading on Friday, hitting $153.86. The stock had a trading volume of 29,745 shares, compared to its average volume of 558,465. The firm has a market cap of $9.48 billion, a PE ratio of 10.16, a price-to-earnings-growth ratio of 1.88 and a beta of 1.82. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.84 and a quick ratio of 0.54. Whirlpool Co. has a 12-month low of $99.40 and a 12-month high of $159.21. The company’s 50-day moving average price is $141.45 and its 200 day moving average price is $137.77.

Whirlpool (NYSE:WHR) last released its earnings results on Monday, July 22nd. The company reported $4.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.80 by $0.21. The firm had revenue of $5.20 billion during the quarter, compared to analysts’ expectations of $5.03 billion. Whirlpool had a net margin of 4.39% and a return on equity of 30.55%. Whirlpool’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the company earned $3.20 EPS. As a group, sell-side analysts anticipate that Whirlpool Co. will post 15.12 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Sunday, September 15th. Shareholders of record on Friday, August 30th were paid a $1.20 dividend. The ex-dividend date was Thursday, August 29th. This represents a $4.80 annualized dividend and a yield of 3.12%. Whirlpool’s payout ratio is currently 31.66%.

In other Whirlpool news, CFO James W. Peters sold 650 shares of Whirlpool stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $146.51, for a total value of $95,231.50. Following the completion of the sale, the chief financial officer now directly owns 18,569 shares of the company’s stock, valued at approximately $2,720,544.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.91% of the stock is currently owned by insiders.

About Whirlpool

Whirlpool Corporation manufactures and markets home appliances and related products. It operates through four segments: North America; Europe, Middle East and Africa; Latin America; and Asia. The company's principal products include refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances and related laundry accessories; cooking appliances and other small domestic appliances; and dishwasher appliances and related accessories.

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Institutional Ownership by Quarter for Whirlpool (NYSE:WHR)

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