Verdence Capital Advisors LLC Purchases 532 Shares of Whirlpool Co. (NYSE:WHR)

by · The Cerbat Gem

Verdence Capital Advisors LLC boosted its position in shares of Whirlpool Co. (NYSE:WHR – Free Report) by 18.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,392 shares of the company’s stock after purchasing an additional 532 shares during the period. Verdence Capital Advisors LLC’s holdings in Whirlpool were worth $347,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Primecap Management Co. CA grew its holdings in shares of Whirlpool by 0.6% in the fourth quarter. Primecap Management Co. CA now owns 4,729,936 shares of the company’s stock worth $575,964,000 after purchasing an additional 26,630 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Whirlpool by 1.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,425,552 shares of the company’s stock worth $173,589,000 after acquiring an additional 14,826 shares in the last quarter. Newport Trust Company LLC increased its position in shares of Whirlpool by 9.8% during the fourth quarter. Newport Trust Company LLC now owns 1,169,039 shares of the company’s stock worth $142,354,000 after acquiring an additional 103,909 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Whirlpool by 1.8% during the second quarter. Bank of New York Mellon Corp now owns 462,308 shares of the company’s stock valued at $47,248,000 after acquiring an additional 8,244 shares in the last quarter. Finally, FIFTHDELTA Ltd purchased a new stake in shares of Whirlpool in the first quarter valued at approximately $50,986,000. 90.78% of the stock is owned by hedge funds and other institutional investors.

Whirlpool Stock Up 0.6 %

NYSE:WHR traded up $0.65 during trading hours on Monday, reaching $103.02. The company’s stock had a trading volume of 548,768 shares, compared to its average volume of 1,324,463. The stock has a 50 day moving average price of $98.92 and a two-hundred day moving average price of $101.24. 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 company has a market capitalization of $5.65 billion, a P/E ratio of 14.10 and a beta of 1.44. Whirlpool Co. has a 12 month low of $84.18 and a 12 month high of $142.52.

Whirlpool (NYSE:WHR – Get Free Report) last released its quarterly earnings results on Wednesday, July 24th. The company reported $2.39 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 firm had revenue of $3.99 billion during the quarter, compared to analyst estimates of $3.96 billion. During the same period in the previous year, the company posted $4.21 EPS. The business’s revenue for the quarter was down 16.8% compared to the same quarter last year. Equities analysts predict that Whirlpool Co. will post 11.31 EPS for the current fiscal year.

Whirlpool Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Sunday, September 15th. Stockholders of record on Friday, August 30th will be issued a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a dividend yield of 6.79%. The ex-dividend date is Friday, August 30th. Whirlpool’s dividend payout ratio is currently 96.42%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on WHR shares. Bank of America assumed coverage on Whirlpool in a report on Tuesday, July 30th. They set an “underperform” rating and a $88.00 price objective on the stock. Royal Bank of Canada cut their price target on Whirlpool from $79.00 to $76.00 and set an “underperform” rating on the stock in a research note on Friday, July 26th. Two investment 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. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $103.75.

Check Out Our Latest Analysis on Whirlpool

About Whirlpool

(Free Report)

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.

Further Reading

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