Nebula Research & Development LLC Takes $3.01 Million Position in Whirlpool Corporation $WHR

Nebula Research & Development LLC bought a new position in shares of Whirlpool Corporation (NYSE:WHR) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 29,671 shares of the company’s stock, valued at approximately $3,009,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its stake in shares of Whirlpool by 129.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 369 shares of the company’s stock worth $37,000 after buying an additional 208 shares during the last quarter. Ransom Advisory Ltd bought a new stake in Whirlpool during the first quarter worth about $38,000. Legend Financial Advisors Inc. bought a new stake in Whirlpool during the second quarter worth about $51,000. Bogart Wealth LLC grew its stake in Whirlpool by 80.6% in the second quarter. Bogart Wealth LLC now owns 511 shares of the company’s stock valued at $52,000 after purchasing an additional 228 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its position in shares of Whirlpool by 315.6% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 561 shares of the company’s stock worth $57,000 after purchasing an additional 426 shares during the last quarter. 90.78% of the stock is currently owned by institutional investors and hedge funds.

Whirlpool Price Performance

Whirlpool stock opened at $78.10 on Thursday. The company has a market capitalization of $4.39 billion, a price-to-earnings ratio of -23.24 and a beta of 1.21. The company has a current ratio of 0.86, a quick ratio of 0.47 and a debt-to-equity ratio of 2.33. Whirlpool Corporation has a 12 month low of $65.35 and a 12 month high of $135.49. The stock’s 50 day moving average is $73.69 and its 200-day moving average is $84.73.

Whirlpool (NYSE:WHR) last released its quarterly earnings results on Monday, October 27th. The company reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.68. Whirlpool had a positive return on equity of 19.49% and a negative net margin of 1.18%.The business had revenue of $4.03 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same period in the previous year, the company posted $3.43 EPS. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. Equities research analysts expect that Whirlpool Corporation will post 9.52 EPS for the current year.

Whirlpool Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 21st will be given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend is Friday, November 21st. Whirlpool’s dividend payout ratio (DPR) is currently -107.14%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. The Goldman Sachs Group lowered their target price on shares of Whirlpool from $107.00 to $93.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Stifel Nicolaus dropped their target price on shares of Whirlpool from $80.00 to $69.00 and set a “hold” rating on the stock in a report on Wednesday, October 29th. Weiss Ratings reissued a “sell (d)” rating on shares of Whirlpool in a research report on Wednesday, October 8th. Zacks Research raised Whirlpool from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 30th. Finally, Royal Bank Of Canada reissued an “underperform” rating on shares of Whirlpool in a report on Wednesday, October 29th. Two investment 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’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $86.43.

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.