Whirlpool Co. (NYSE:WHR) Holdings Raised by State of Alaska Department of Revenue

State of Alaska Department of Revenue boosted its stake in shares of Whirlpool Co. (NYSE:WHR) by 7.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,397 shares of the company’s stock after purchasing an additional 430 shares during the quarter. State of Alaska Department of Revenue’s holdings in Whirlpool were worth $684,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Clear Harbor Asset Management LLC boosted its position in Whirlpool by 69.7% during the 3rd quarter. Clear Harbor Asset Management LLC now owns 3,557 shares of the company’s stock valued at $381,000 after purchasing an additional 1,461 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in Whirlpool by 24.6% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 10,330 shares of the company’s stock valued at $1,105,000 after purchasing an additional 2,037 shares during the period. PFG Investments LLC boosted its position in Whirlpool by 171.4% during the 3rd quarter. PFG Investments LLC now owns 10,869 shares of the company’s stock valued at $1,163,000 after purchasing an additional 6,864 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in Whirlpool by 11.3% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 33,314 shares of the company’s stock valued at $3,587,000 after purchasing an additional 3,376 shares during the period. Finally, Dakota Wealth Management boosted its position in Whirlpool by 2.0% during the 3rd quarter. Dakota Wealth Management now owns 7,395 shares of the company’s stock valued at $791,000 after purchasing an additional 145 shares during the period. Institutional investors and hedge funds own 90.78% of the company’s stock.

Insider Activity at Whirlpool

In related news, EVP Juan Carlos Puente sold 3,266 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $100.00, for a total transaction of $326,600.00. Following the completion of the transaction, the executive vice president now owns 19,070 shares of the company’s stock, valued at $1,907,000. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CFO James W. Peters sold 6,000 shares of the company’s stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 41,570 shares of the company’s stock, valued at $4,343,233.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 sale, the executive vice president now directly owns 19,070 shares of the company’s stock, valued at approximately $1,907,000. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.05% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Whirlpool Trading Up 1.5 %

NYSE:WHR opened at $107.99 on Thursday. Whirlpool Co. has a 1 year low of $84.18 and a 1 year high of $125.68. The stock has a market cap of $5.95 billion, a price-to-earnings ratio of 10.65 and a beta of 1.44. The business has a fifty day moving average of $102.72 and a 200-day moving average of $98.62. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.55 and a current ratio of 0.94.

Whirlpool (NYSE:WHR) last announced its earnings results on Wednesday, October 23rd. The company reported $3.43 earnings per share for the quarter, beating the consensus estimate of $2.99 by $0.44. Whirlpool had a return on equity of 21.41% and a net margin of 3.19%. The business had revenue of $3.99 billion during the quarter, compared to analysts’ expectations of $4.09 billion. During the same quarter last year, the business posted $5.45 earnings per share. The company’s quarterly revenue was down 18.9% on a year-over-year basis. Equities analysts predict that Whirlpool Co. will post 12.27 earnings per share for the current year.

Whirlpool Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Friday, November 15th will be paid 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 yield of 6.48%. Whirlpool’s dividend payout ratio is currently 69.03%.

Whirlpool Company 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.