Radnor Capital Management LLC Purchases New Shares in Whirlpool Co. (NYSE:WHR)

Radnor Capital Management LLC purchased a new stake in Whirlpool Co. (NYSE:WHR) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 2,925 shares of the company’s stock, valued at approximately $313,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Greenwood Capital Associates LLC acquired a new position in shares of Whirlpool in the 3rd quarter valued at $782,000. QRG Capital Management Inc. boosted its position in Whirlpool by 30.0% during the 3rd quarter. QRG Capital Management Inc. now owns 3,083 shares of the company’s stock worth $330,000 after acquiring an additional 711 shares during the period. Janney Montgomery Scott LLC boosted its position in Whirlpool by 8.3% during the 3rd quarter. Janney Montgomery Scott LLC now owns 39,883 shares of the company’s stock worth $4,268,000 after acquiring an additional 3,056 shares during the period. Campbell Capital Management Inc. acquired a new stake in Whirlpool during the 3rd quarter worth about $1,605,000. Finally, Farther Finance Advisors LLC boosted its position in Whirlpool by 21.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,993 shares of the company’s stock worth $534,000 after acquiring an additional 891 shares during the period. Institutional investors and hedge funds own 90.78% of the company’s stock.

Whirlpool Stock Up 0.7 %

Shares of Whirlpool stock opened at $108.78 on Friday. The firm has a market cap of $6.00 billion, a price-to-earnings ratio of 10.73 and a beta of 1.44. The company has a debt-to-equity ratio of 1.94, a current ratio of 0.94 and a quick ratio of 0.55. Whirlpool Co. has a 52-week low of $84.18 and a 52-week high of $125.68. The stock has a 50-day simple moving average of $102.85 and a 200-day simple moving average of $98.70.

Whirlpool (NYSE:WHR) last announced its quarterly earnings results 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. Whirlpool had a return on equity of 21.41% and a net margin of 3.19%. The business had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same period in the previous year, the company earned $5.45 EPS. The firm’s revenue was down 18.9% on a year-over-year basis. On average, equities research analysts expect 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. Investors of record on Friday, November 15th will be paid a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a dividend yield of 6.44%. The ex-dividend date is Friday, November 15th. Whirlpool’s payout ratio is 69.03%.

Analyst Ratings Changes

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

Insider Activity at Whirlpool

In related news, CFO James W. Peters sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $104.48, for a total value of $626,880.00. Following the transaction, the chief financial officer now directly owns 41,570 shares of the company’s stock, valued at approximately $4,343,233.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO James W. Peters sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $104.48, for a total value of $626,880.00. Following the transaction, the chief financial officer now directly owns 41,570 shares of the company’s stock, valued at approximately $4,343,233.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Juan Carlos Puente sold 3,266 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $100.00, for a total value of $326,600.00. Following the completion of the transaction, the executive vice president now directly owns 19,070 shares in the company, valued at $1,907,000. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.05% of the stock is owned by company insiders.

About Whirlpool

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.