Whirlpool Co. (NYSE:WHR) Holdings Raised by Quantum Private Wealth LLC

Quantum Private Wealth LLC grew its holdings in shares of Whirlpool Co. (NYSE:WHR) by 42.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 8,585 shares of the company’s stock after acquiring an additional 2,565 shares during the quarter. Quantum Private Wealth LLC’s holdings in Whirlpool were worth $919,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Private Advisor Group LLC raised its holdings in Whirlpool by 2.6% in the 1st quarter. Private Advisor Group LLC now owns 5,006 shares of the company’s stock valued at $599,000 after acquiring an additional 125 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in Whirlpool by 16.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,957 shares of the company’s stock worth $3,026,000 after buying an additional 3,513 shares during the period. Janney Montgomery Scott LLC raised its stake in Whirlpool by 20.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 41,855 shares of the company’s stock worth $5,007,000 after buying an additional 6,984 shares during the period. Mutual of America Capital Management LLC raised its stake in shares of Whirlpool by 345.9% in the 1st quarter. Mutual of America Capital Management LLC now owns 32,771 shares of the company’s stock valued at $3,920,000 after purchasing an additional 25,421 shares during the period. Finally, Texas Permanent School Fund Corp raised its stake in shares of Whirlpool by 327.8% in the 1st quarter. Texas Permanent School Fund Corp now owns 48,135 shares of the company’s stock valued at $5,758,000 after purchasing an additional 36,884 shares during the period. Institutional investors and hedge funds own 90.78% of the company’s stock.

Analyst Upgrades and Downgrades

WHR has been the topic of a number of recent research reports. Bank of America increased their target price on Whirlpool from $101.00 to $103.00 and gave the stock an “underperform” rating in a research note on Friday, October 25th. Royal Bank of Canada lowered their price objective on Whirlpool from $76.00 to $74.00 and set an “underperform” rating on the stock in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. lifted their price target on Whirlpool from $103.00 to $109.00 and gave the company a “neutral” rating in a research note on Tuesday, October 29th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Whirlpool currently has an average rating of “Hold” and a consensus price target of $106.50.

Whirlpool Stock Down 0.6 %

WHR opened at $108.07 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.55 and a debt-to-equity ratio of 1.94. Whirlpool Co. has a 12 month low of $84.18 and a 12 month high of $125.68. The company has a market cap of $5.96 billion, a PE ratio of 10.73 and a beta of 1.44. The company has a 50 day moving average of $102.85 and a 200 day moving average of $98.70.

Whirlpool (NYSE:WHR) last released its earnings results on Wednesday, October 23rd. The company reported $3.43 EPS for the quarter, beating the consensus estimate of $2.99 by $0.44. The company had revenue of $3.99 billion for the quarter, compared to analyst estimates of $4.09 billion. Whirlpool had a net margin of 3.19% and a return on equity of 21.41%. The firm’s quarterly revenue was down 18.9% compared to the same quarter last year. During the same quarter last year, the firm earned $5.45 EPS. On average, sell-side analysts expect that Whirlpool Co. will post 12.27 EPS for the current year.

Whirlpool Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Friday, November 15th will be given a $1.75 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $7.00 annualized dividend and a dividend yield of 6.48%. Whirlpool’s payout ratio is 69.03%.

Insider Activity

In other news, CFO James W. Peters sold 6,000 shares of Whirlpool stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $104.48, for a total value of $626,880.00. Following the sale, the chief financial officer now directly owns 41,570 shares of the company’s stock, valued at approximately $4,343,233.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CFO James W. Peters sold 6,000 shares of the company’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 transaction of $626,880.00. Following the transaction, the chief financial officer now owns 41,570 shares of the company’s stock, valued at approximately $4,343,233.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Juan Carlos Puente sold 3,266 shares of the business’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 sale, the executive vice president now owns 19,070 shares of the company’s stock, valued at $1,907,000. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.05% of the company’s stock.

Whirlpool 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.