New Potomac Partners LLC lowered its position in shares of Whirlpool Co. (NYSE:WHR) by 1.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,150 shares of the company’s stock after selling 190 shares during the quarter. Whirlpool makes up about 1.9% of New Potomac Partners LLC’s investment portfolio, making the stock its 22nd largest position. New Potomac Partners LLC’s holdings in Whirlpool were worth $1,924,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the company. SevenBridge Financial Group LLC grew its stake in Whirlpool by 248.1% in the second quarter. SevenBridge Financial Group LLC now owns 188 shares of the company’s stock valued at $27,000 after acquiring an additional 134 shares during the period. Pearl River Capital LLC acquired a new position in shares of Whirlpool during the second quarter worth about $29,000. Doyle Wealth Management acquired a new position in shares of Whirlpool during the second quarter worth about $35,000. Trustcore Financial Services LLC boosted its position in shares of Whirlpool by 45.9% during the second quarter. Trustcore Financial Services LLC now owns 264 shares of the company’s stock worth $38,000 after buying an additional 83 shares during the period. Finally, CSat Investment Advisory L.P. boosted its position in shares of Whirlpool by 36.5% during the second quarter. CSat Investment Advisory L.P. now owns 329 shares of the company’s stock worth $47,000 after buying an additional 88 shares during the period. Institutional investors own 94.02% of the company’s stock.
WHR traded down $0.32 on Monday, hitting $160.74. 392,944 shares of the company were exchanged, compared to its average volume of 638,817. Whirlpool Co. has a 12 month low of $99.40 and a 12 month high of $161.87. The company has a market cap of $10.18 billion, a PE ratio of 10.60, a PEG ratio of 2.00 and a beta of 1.83. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.54 and a current ratio of 0.84. The stock’s fifty day moving average is $150.80 and its 200-day moving average is $140.32.
Whirlpool (NYSE:WHR) last released its earnings results on Monday, July 22nd. The company reported $4.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.80 by $0.21. Whirlpool had a return on equity of 30.55% and a net margin of 4.39%. The business had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.03 billion. During the same quarter in the prior year, the company posted $3.20 earnings per share. Whirlpool’s revenue was up 1.2% on a year-over-year basis. As a group, equities research analysts expect that Whirlpool Co. will post 15.25 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Friday, November 15th will be issued a dividend of $1.20 per share. The ex-dividend date is Thursday, November 14th. This represents a $4.80 annualized dividend and a yield of 2.99%. Whirlpool’s payout ratio is presently 31.66%.
Several research analysts have recently weighed in on the company. ValuEngine cut Whirlpool from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 2nd. Gabelli reaffirmed a “hold” rating on shares of Whirlpool in a research report on Wednesday, July 24th. Buckingham Research set a $150.00 price objective on Whirlpool and gave the stock a “hold” rating in a research report on Tuesday, October 15th. TheStreet raised Whirlpool from a “c+” rating to a “b-” rating in a research report on Monday, July 22nd. Finally, Zacks Investment Research raised Whirlpool from a “hold” rating to a “buy” rating and set a $147.00 price objective for the company in a research report on Thursday, August 22nd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $151.10.
In related news, CFO James W. Peters sold 650 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $146.51, for a total transaction of $95,231.50. Following the sale, the chief financial officer now owns 18,569 shares in the company, valued at $2,720,544.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.91% of the company’s stock.
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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