PFG Investments LLC Buys 1,226 Shares of Whirlpool Co. (NYSE:WHR)

PFG Investments LLC boosted its stake in Whirlpool Co. (NYSE:WHR) by 53.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,507 shares of the company’s stock after acquiring an additional 1,226 shares during the quarter. PFG Investments LLC’s holdings in Whirlpool were worth $420,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Lakewood Asset Management LLC lifted its position in Whirlpool by 2.9% in the 1st quarter. Lakewood Asset Management LLC now owns 7,713 shares of the company’s stock valued at $923,000 after acquiring an additional 221 shares in the last quarter. Strategic Advisors LLC lifted its position in Whirlpool by 4.7% during the 1st quarter. Strategic Advisors LLC now owns 6,074 shares of the company’s stock worth $727,000 after buying an additional 274 shares in the last quarter. IVC Wealth Advisors LLC bought a new stake in Whirlpool during the 1st quarter worth about $204,000. Westhampton Capital LLC lifted its position in Whirlpool by 78.2% during the 1st quarter. Westhampton Capital LLC now owns 9,400 shares of the company’s stock worth $1,125,000 after buying an additional 4,125 shares in the last quarter. Finally, Opinicus Capital Inc. lifted its position in Whirlpool by 39.9% during the 1st quarter. Opinicus Capital Inc. now owns 4,218 shares of the company’s stock worth $505,000 after buying an additional 1,203 shares in the last quarter. 90.78% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. cut their price target on shares of Whirlpool from $120.00 to $111.00 and set a “neutral” rating on the stock in a research report on Friday, February 2nd. StockNews.com cut shares of Whirlpool from a “buy” rating to a “hold” rating in a research report on Friday. Loop Capital started coverage on shares of Whirlpool in a research report on Thursday, February 22nd. They set a “buy” rating and a $140.00 price target on the stock. TheStreet upgraded shares of Whirlpool from a “d+” rating to a “c+” rating in a research note on Monday, January 29th. Finally, Royal Bank of Canada lowered their price objective on shares of Whirlpool from $85.00 to $79.00 and set an “underperform” rating on the stock in a research note on Friday. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Whirlpool currently has an average rating of “Hold” and an average target price of $113.40.

Whirlpool Stock Performance

Shares of Whirlpool stock traded down $2.04 during trading on Tuesday, hitting $94.86. 1,025,146 shares of the stock were exchanged, compared to its average volume of 1,370,362. Whirlpool Co. has a 1-year low of $91.90 and a 1-year high of $160.62. The stock has a market capitalization of $5.18 billion, a price-to-earnings ratio of 13.07 and a beta of 1.48. The company has a fifty day moving average price of $108.63 and a 200-day moving average price of $112.18. The company has a current ratio of 0.95, a quick ratio of 0.58 and a debt-to-equity ratio of 2.56.

Whirlpool (NYSE:WHR) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.17. Whirlpool had a net margin of 2.07% and a return on equity of 35.16%. The business had revenue of $4.49 billion for the quarter, compared to analyst estimates of $4.42 billion. During the same quarter in the prior year, the business earned $2.66 EPS. Whirlpool’s quarterly revenue was down 3.4% on a year-over-year basis. As a group, equities analysts predict that Whirlpool Co. will post 13.3 EPS for the current fiscal year.

Whirlpool Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Saturday, June 15th. Investors of record on Friday, May 17th will be paid a $1.75 dividend. The ex-dividend date is Thursday, May 16th. This represents a $7.00 dividend on an annualized basis and a yield of 7.38%. Whirlpool’s dividend payout ratio (DPR) is currently 96.42%.

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.