Whirlpool Co. (NYSE:WHR) Shares Acquired by Blue Trust Inc.

Blue Trust Inc. boosted its holdings in Whirlpool Co. (NYSE:WHR) by 69.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 492 shares of the company’s stock after acquiring an additional 201 shares during the period. Blue Trust Inc.’s holdings in Whirlpool were worth $50,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Primecap Management Co. CA grew its holdings in shares of Whirlpool by 1.8% during the 2nd quarter. Primecap Management Co. CA now owns 4,858,250 shares of the company’s stock worth $496,513,000 after purchasing an additional 84,574 shares during the period. Newport Trust Company LLC boosted its stake in Whirlpool by 23.8% during the second quarter. Newport Trust Company LLC now owns 1,402,941 shares of the company’s stock worth $143,381,000 after buying an additional 269,976 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Whirlpool by 46.8% during the second quarter. Dimensional Fund Advisors LP now owns 981,472 shares of the company’s stock valued at $100,304,000 after acquiring an additional 312,729 shares during the last quarter. Deprince Race & Zollo Inc. raised its stake in shares of Whirlpool by 84.4% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 532,466 shares of the company’s stock valued at $54,418,000 after acquiring an additional 243,743 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Whirlpool by 1.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 462,308 shares of the company’s stock worth $47,248,000 after acquiring an additional 8,244 shares during the last quarter. Institutional investors and hedge funds own 90.78% of the company’s stock.

Whirlpool Stock Down 0.0 %

Shares of NYSE WHR opened at $103.51 on Friday. Whirlpool Co. has a 12-month low of $84.18 and a 12-month high of $125.68. The stock has a market cap of $5.71 billion, a P/E ratio of 10.21 and a beta of 1.44. The company has a current ratio of 0.94, a quick ratio of 0.55 and a debt-to-equity ratio of 1.94. The business’s fifty day simple moving average is $102.48 and its 200-day simple moving average is $98.65.

Whirlpool (NYSE:WHR) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $3.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.99 by $0.44. The business had revenue of $3.99 billion during the quarter, compared to analysts’ expectations of $4.09 billion. Whirlpool had a return on equity of 21.41% and a net margin of 3.19%. The business’s quarterly revenue was down 18.9% compared to the same quarter last year. During the same quarter last year, the business posted $5.45 EPS. As a group, equities analysts predict that Whirlpool Co. will post 12 EPS for the current fiscal year.

Whirlpool Announces Dividend

The company 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 dividend of $1.75 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $7.00 annualized dividend and a dividend yield of 6.76%. Whirlpool’s dividend payout ratio (DPR) is currently 69.03%.

Insider Buying and Selling

In other Whirlpool news, EVP Juan Carlos Puente sold 3,266 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $100.00, for a total value of $326,600.00. Following the sale, the executive vice president now directly owns 19,070 shares in the company, valued at $1,907,000. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO James W. Peters sold 6,000 shares of the stock in a transaction on Monday, October 28th. The shares were sold at an average price of $104.48, for a total value of $626,880.00. Following the transaction, the chief financial officer now directly owns 41,570 shares of the company’s stock, valued at $4,343,233.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Juan Carlos Puente sold 3,266 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $100.00, for a total transaction of $326,600.00. Following the completion of the sale, the executive vice president now directly owns 19,070 shares of the company’s stock, valued at approximately $1,907,000. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.05% of the company’s stock.

Analyst Ratings Changes

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

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.