5 Best Home Appliances Stocks to Buy

4. Whirlpool Corporation (NYSE:WHR)

Number of Hedge Fund Holders: 24

Whirlpool Corporation (NYSE:WHR) sells several kinds of home appliances such as washing machines, ice makers, water filters, freezers, and refrigerators. The firm is based in Benton Harbor, Michigan.

Whirlpool Corporation (NYSE:WHR), like several other firms, is currently facing a normalization of its sales in the wake of coronavirus aided boost that saw consumers use their stimulus checks to buy products. The firm is also winding down its European operations, with the sales expected to net it $2 billion in cash. At the same time, Whirlpool Corporation (NYSE:WHR) is also slated to acquire the world’s largest manufacturer of food waste disposers and hot water dispensers, with the sale expected to add $1.25 to its earnings per share and $100 million in free cash flow.

Whirlpool Corporation (NYSE:WHR) also pays a $1.75 dividend for a 5.33% yield. By the end of this year’s June quarter, 24 out of the 895 hedge funds polled by Insider Monkey had invested in the firm.

Whirlpool Corporation (NYSE:WHR)’s largest investor is Edgar Wachenheim’s Greenhaven Associates which owns 3.8 million shares that are worth $438 million.