Osaic Holdings Inc. Boosts Stake in Whirlpool Corporation $WHR

Osaic Holdings Inc. increased its stake in shares of Whirlpool Corporation (NYSE:WHR) by 44.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,915 shares of the company’s stock after buying an additional 19,493 shares during the quarter. Osaic Holdings Inc. owned about 0.11% of Whirlpool worth $6,274,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans grew its stake in Whirlpool by 0.8% during the 2nd quarter. Thrivent Financial for Lutherans now owns 13,194 shares of the company’s stock valued at $1,338,000 after purchasing an additional 109 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Whirlpool by 22.9% during the second quarter. GAMMA Investing LLC now owns 784 shares of the company’s stock worth $80,000 after purchasing an additional 146 shares during the period. Gamco Investors INC. ET AL boosted its position in Whirlpool by 3.0% in the second quarter. Gamco Investors INC. ET AL now owns 5,150 shares of the company’s stock valued at $522,000 after buying an additional 150 shares during the last quarter. Creative Planning increased its holdings in Whirlpool by 1.6% in the 2nd quarter. Creative Planning now owns 9,776 shares of the company’s stock worth $992,000 after buying an additional 157 shares during the period. Finally, Anderson Financial Strategies LLC raised its position in Whirlpool by 35.3% during the 1st quarter. Anderson Financial Strategies LLC now owns 644 shares of the company’s stock worth $58,000 after buying an additional 168 shares during the last quarter. Hedge funds and other institutional investors own 90.78% of the company’s stock.

Whirlpool Trading Down 1.6%

WHR stock opened at $72.41 on Tuesday. Whirlpool Corporation has a 52-week low of $65.35 and a 52-week high of $135.49. The company has a quick ratio of 0.47, a current ratio of 0.86 and a debt-to-equity ratio of 2.33. The firm has a market cap of $4.07 billion, a P/E ratio of -21.55 and a beta of 1.21. The company’s 50-day simple moving average is $73.66 and its 200-day simple moving average is $84.57.

Whirlpool (NYSE:WHR) last released its quarterly earnings results on Monday, October 27th. The company reported $2.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.68. The company had revenue of $4.03 billion during the quarter, compared to analysts’ expectations of $3.92 billion. Whirlpool had a positive return on equity of 19.49% and a negative net margin of 1.18%.Whirlpool’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.43 EPS. As a group, equities analysts forecast that Whirlpool Corporation will post 9.52 EPS for the current fiscal year.

Whirlpool Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 21st were paid a $0.90 dividend. The ex-dividend date of this dividend was Friday, November 21st. This represents a $3.60 dividend on an annualized basis and a yield of 5.0%. Whirlpool’s dividend payout ratio (DPR) is currently -107.14%.

Analyst Ratings Changes

A number of research firms have recently weighed in on WHR. The Goldman Sachs Group cut their price objective on shares of Whirlpool from $107.00 to $93.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Zacks Research raised Whirlpool from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 30th. Royal Bank Of Canada reiterated an “underperform” rating on shares of Whirlpool in a research note on Wednesday, October 29th. Wall Street Zen upgraded Whirlpool from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Whirlpool in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $86.43.

About Whirlpool

Whirlpool Corporation is a leading global manufacturer and marketer of home appliances, with a product portfolio that spans major categories such as laundry, refrigeration, cooking, dishwashing and small electrics. Headquartered in Benton Harbor, Michigan, the company designs, produces and distributes its appliances through a network of wholly owned manufacturing facilities, joint ventures and third-party partners. Whirlpool serves both retail and professional markets, offering products under its flagship Whirlpool brand as well as several well-known names including Maytag, KitchenAid, JennAir, Amana, Brastemp and Consul.

In its laundry segment, Whirlpool provides top- and front-load washing machines, dryers and combination units designed to balance energy efficiency, capacity and convenience.