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Snatch This Bargain Dividend Stock Even Cheaper Than Chairman and CEO Fettig Did

By Dividend Channel Staff, Thursday, November 17, 4:10 PM ET
Play Video: One Reason For Insiders to Buy


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There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on November 4, Whirlpool Corp's Chairman and CEO, Jeff M Fettig, invested $256,600.00 into 5,000 shares of WHR, for a cost per share of $51.32. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money.

In trading on Thursday, bargain hunters could buy shares of Whirlpool Corp (NYSE:WHR) and achieve a cost basis 2.6% cheaper than Fettig, with shares changing hands as low as $49.98 per share. It should be noted that Fettig has collected $0.50/share in dividends since the time of their purchase, so they are currently down 1.6% on their purchase from a total return basis. Whirlpool Corp shares are currently trading trading flat on the day. The chart below shows the one year performance of WHR shares, versus its 200 day moving average:

Whirlpool Corp Chart

The current annualized dividend paid by Whirlpool Corp is $2.00/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 11/16/2011. Below is a long-term dividend history chart for WHR, which can be of good help in judging whether the most recent dividend with approx. 3.9% annualized yield is likely to continue.

Looking at the chart above, WHR's low point in its 52 week range is $47.35 per share, with $92.28 as the 52 week high point that compares with a last trade of $50.26. By comparison, below is a table showing the prices at which insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
08/09/2011 Marc R Bitzer PRESIDENT WHIRLPOOL NA 3,000 $59.58 $178,740.00
08/24/2011 Jose A Jr Drummond Executive Vice President 3,000 $57.00 $171,000.00
08/26/2011 Bracken Darrell EXECUTIVE VICE PRESIDENT 1,500 $59.26 $88,887.30
11/03/2011 Samuel R Allen Director 5,000 $51.55 $257,750.00
11/03/2011 William D Perez Director 1,000 $51.27 $51,272.30
11/04/2011 Jeff M Fettig CHAIRMAN AND CEO 5,000 $51.32 $256,600.00

According to the ETF Finder at ETF Channel, WHR makes up 3.08% of the SPDR S&P Homebuilders ETF (AMEX:XHB) which is trading lower by about 2.2% on the day Thursday.

See what other ETFs contain WHR
See what other stocks are held by XHB

WHR operates in the Consumer Goods sector, among companies like Herbalife Ltd. (NYSE:HLF) which is off about 1.5% today, and Garmin Ltd. (NASDAQ:GRMN) trading lower by about 0.8%. Below is a three month price history chart comparing the stock performance of WHR, versus HLF and GRMN.

WHR,HLF,GRMN Relative Performance Chart


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This Article's Word Cloud:   Below   Corp   Definition   Director   ETFs   Fettig   GRMN   Importance   Insider   Jeff   NYSE   Price   Thursday   Whirlpool   about   asset   basis   below   buying   cash   chart   cost   currently   dividend   history   hunters   insider   lower   most   only   paid   performance   point   portfolio   reason   recent   share   shares   stock   stocks   that   their   there   this   trading   versus   week   what   which   with

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