Wealth Enhancement Advisory Services LLC Purchases 2,037 Shares of Whirlpool Co. (NYSE:WHR)

Wealth Enhancement Advisory Services LLC grew its position in Whirlpool Co. (NYSE:WHR) by 24.6% in the third quarter, Holdings Channel reports. The fund owned 10,330 shares of the company’s stock after acquiring an additional 2,037 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Whirlpool were worth $1,105,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Private Advisor Group LLC lifted its stake in shares of 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 during the last quarter. Dakota Wealth Management raised its position in Whirlpool by 2.0% during the 3rd quarter. Dakota Wealth Management now owns 7,395 shares of the company’s stock worth $791,000 after purchasing an additional 145 shares during the last quarter. Arizona State Retirement System raised its position in Whirlpool by 1.1% during the 2nd quarter. Arizona State Retirement System now owns 15,247 shares of the company’s stock worth $1,558,000 after purchasing an additional 172 shares during the last quarter. UMB Bank n.a. raised its position in Whirlpool by 80.6% during the 2nd quarter. UMB Bank n.a. now owns 428 shares of the company’s stock worth $44,000 after purchasing an additional 191 shares during the last quarter. Finally, Blue Trust Inc. raised its position in Whirlpool by 69.1% during the 3rd quarter. Blue Trust Inc. now owns 492 shares of the company’s stock worth $50,000 after purchasing an additional 201 shares during the last quarter. 90.78% of the stock is currently owned by institutional investors.

Whirlpool Trading Up 1.8 %

NYSE WHR opened at $105.00 on Tuesday. The business has a 50 day simple moving average of $102.53 and a 200 day simple moving average of $98.55. Whirlpool Co. has a one year low of $84.18 and a one year high of $125.68. The stock has a market capitalization of $5.79 billion, a P/E ratio of 10.36 and a beta of 1.44. The company has a debt-to-equity ratio of 1.94, a current ratio of 0.94 and a quick ratio of 0.55.

Whirlpool (NYSE:WHR) last released its earnings results on Wednesday, October 23rd. The company reported $3.43 EPS for the quarter, topping 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 firm’s revenue was down 18.9% on a year-over-year basis. During the same quarter last year, the firm posted $5.45 earnings per share. Research analysts expect that Whirlpool Co. will post 12.27 earnings per share for the current year.

Whirlpool Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Friday, November 15th will be issued a $1.75 dividend. The ex-dividend date is Friday, November 15th. This represents a $7.00 annualized dividend and a yield of 6.67%. Whirlpool’s payout ratio is currently 69.03%.

Wall Street Analysts Forecast Growth

WHR has been the subject of several analyst reports. JPMorgan Chase & Co. raised their target price on Whirlpool from $103.00 to $109.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 29th. Bank of America raised their target price on Whirlpool from $101.00 to $103.00 and gave the stock an “underperform” rating in a research report on Friday, October 25th. Finally, Royal Bank of Canada lowered their target price on Whirlpool from $76.00 to $74.00 and set an “underperform” rating for the company in a research report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Whirlpool presently has a consensus rating of “Hold” and a consensus price target of $106.50.

Insiders Place Their Bets

In other Whirlpool news, EVP Juan Carlos Puente sold 3,266 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now owns 19,070 shares in the company, valued at approximately $1,907,000. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Juan Carlos Puente sold 3,266 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president now 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO James W. Peters sold 6,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now owns 41,570 shares in the company, valued at $4,343,233.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.05% of the company’s stock.

About Whirlpool

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.