Huntington National Bank Buys 2,407 Shares of Whirlpool Co. (NYSE:WHR)

Huntington National Bank raised its stake in shares of Whirlpool Co. (NYSE:WHR) by 335.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 3,125 shares of the company’s stock after acquiring an additional 2,407 shares during the quarter. Huntington National Bank’s holdings in Whirlpool were worth $334,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in WHR. SouthState Corp bought a new position in Whirlpool during the second quarter valued at about $28,000. Altshuler Shaham Ltd acquired a new stake in shares of Whirlpool during the 2nd quarter worth approximately $32,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Whirlpool during the second quarter valued at approximately $32,000. EverSource Wealth Advisors LLC raised its stake in shares of Whirlpool by 1,010.5% in the second quarter. EverSource Wealth Advisors LLC now owns 422 shares of the company’s stock valued at $43,000 after purchasing an additional 384 shares in the last quarter. Finally, UMB Bank n.a. lifted its position in Whirlpool by 80.6% in 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 during the period. Institutional investors and hedge funds own 90.78% of the company’s stock.

Insiders Place Their Bets

In other Whirlpool news, CFO James W. Peters sold 6,000 shares of the company’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $104.48, for a total transaction of $626,880.00. Following the transaction, the chief financial officer now owns 41,570 shares of the company’s stock, valued at approximately $4,343,233.60. This represents a 12.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Juan Carlos Puente sold 3,266 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $100.00, for a total value of $326,600.00. Following the transaction, the executive vice president now directly owns 19,070 shares in the company, valued at approximately $1,907,000. This represents a 14.62 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.05% of the company’s stock.

Whirlpool Stock Performance

NYSE WHR opened at $112.30 on Friday. The firm has a market cap of $6.19 billion, a price-to-earnings ratio of 11.07 and a beta of 1.44. The company has a current ratio of 0.94, a quick ratio of 0.55 and a debt-to-equity ratio of 1.94. Whirlpool Co. has a 1-year low of $84.18 and a 1-year high of $125.68. The company has a 50 day moving average of $104.48 and a 200-day moving average of $99.19.

Whirlpool (NYSE:WHR) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $3.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.99 by $0.44. The firm had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $4.09 billion. Whirlpool had a return on equity of 21.41% and a net margin of 3.19%. The business’s revenue for the quarter was down 18.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.45 EPS. On average, equities analysts forecast that Whirlpool Co. will post 12.27 earnings per share for the current fiscal year.

Whirlpool Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Friday, November 15th will be given a $1.75 dividend. This represents a $7.00 annualized dividend and a yield of 6.23%. The ex-dividend date of this dividend is Friday, November 15th. Whirlpool’s payout ratio is presently 69.03%.

Analysts Set New Price Targets

A number of research firms have recently commented on WHR. Bank of America raised their price objective on shares of Whirlpool from $101.00 to $103.00 and gave the stock an “underperform” rating in a report on Friday, October 25th. JPMorgan Chase & Co. upped their price objective on Whirlpool from $103.00 to $109.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. Finally, Royal Bank of Canada cut their target price on Whirlpool from $76.00 to $74.00 and set an “underperform” rating for the company in a research report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $106.50.

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.