Whirlpool Co. (NYSE:WHR) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its position in Whirlpool Co. (NYSE:WHR) by 5.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 69,786 shares of the company’s stock after buying an additional 3,584 shares during the period. Envestnet Asset Management Inc. owned about 0.13% of Whirlpool worth $7,132,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. FIFTHDELTA Ltd acquired a new stake in Whirlpool in the 1st quarter valued at approximately $50,986,000. Norges Bank acquired a new position in shares of Whirlpool in the fourth quarter worth $31,503,000. Fidelity National Financial Inc. purchased a new stake in shares of Whirlpool during the second quarter worth $20,440,000. Principal Financial Group Inc. raised its stake in shares of Whirlpool by 235.2% in the first quarter. Principal Financial Group Inc. now owns 206,939 shares of the company’s stock valued at $24,756,000 after acquiring an additional 145,198 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in Whirlpool by 73.2% in the first quarter. Russell Investments Group Ltd. now owns 321,077 shares of the company’s stock valued at $38,408,000 after purchasing an additional 135,740 shares during the period. 90.78% of the stock is currently owned by institutional investors and hedge funds.

Whirlpool Stock Performance

NYSE:WHR opened at $107.66 on Friday. Whirlpool Co. has a 12 month low of $84.18 and a 12 month high of $135.45. The company has a debt-to-equity ratio of 1.88, a current ratio of 0.96 and a quick ratio of 0.58. The firm has a market capitalization of $5.91 billion, a PE ratio of 14.83 and a beta of 1.44. The business’s fifty day moving average price is $99.03 and its 200 day moving average price is $99.98.

Whirlpool (NYSE:WHR) last released its quarterly earnings data on Wednesday, July 24th. The company reported $2.39 EPS for the quarter, meeting analysts’ consensus estimates of $2.39. The business had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $3.96 billion. Whirlpool had a return on equity of 27.67% and a net margin of 2.89%. The business’s revenue for the quarter was down 16.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $4.21 EPS. On average, sell-side analysts anticipate that Whirlpool Co. will post 11.31 earnings per share for the current fiscal year.

Whirlpool Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Sunday, September 15th. Investors of record on Friday, August 30th were given a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a dividend yield of 6.50%. The ex-dividend date was Friday, August 30th. Whirlpool’s dividend payout ratio (DPR) is 96.42%.

Analysts Set New Price Targets

WHR has been the topic of several recent research reports. Bank of America began coverage on Whirlpool in a report on Tuesday, July 30th. They set an “underperform” rating and a $88.00 price target on the stock. Royal Bank of Canada lowered their price objective on Whirlpool from $79.00 to $76.00 and set an “underperform” rating for the company in a research report on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $103.75.

Insider Buying and Selling

In other Whirlpool news, EVP Juan Carlos Puente sold 3,266 shares of the company’s stock in a transaction 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 transaction, the executive vice president now owns 19,070 shares in the company, valued at $1,907,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.05% of the stock is owned by company insiders.

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.