Advisors Asset Management Inc. Buys 11,824 Shares of Whirlpool Co. (NYSE:WHR)

Advisors Asset Management Inc. grew its position in Whirlpool Co. (NYSE:WHR - Free Report) by 13.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 98,006 shares of the company's stock after acquiring an additional 11,824 shares during the quarter. Advisors Asset Management Inc. owned about 0.18% of Whirlpool worth $11,220,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Savant Capital LLC grew its stake in shares of Whirlpool by 3.8% in the fourth quarter. Savant Capital LLC now owns 2,406 shares of the company's stock valued at $275,000 after buying an additional 89 shares in the last quarter. Allworth Financial LP raised its stake in shares of Whirlpool by 17.3% during the 4th quarter. Allworth Financial LP now owns 664 shares of the company's stock worth $76,000 after buying an additional 98 shares in the last quarter. Westside Investment Management Inc. increased its stake in Whirlpool by 4.5% in the 3rd quarter. Westside Investment Management Inc. now owns 2,345 shares of the company's stock valued at $251,000 after purchasing an additional 100 shares in the last quarter. Louisiana State Employees Retirement System increased its position in Whirlpool by 0.7% during the fourth quarter. Louisiana State Employees Retirement System now owns 15,300 shares of the company's stock worth $1,752,000 after buying an additional 100 shares in the last quarter. Finally, State of Michigan Retirement System boosted its holdings in shares of Whirlpool by 0.8% during the fourth quarter. State of Michigan Retirement System now owns 13,100 shares of the company's stock worth $1,500,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 90.78% of the company's stock.

Remove Ads

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on WHR shares. The Goldman Sachs Group lifted their target price on Whirlpool from $125.00 to $138.00 and gave the stock a "buy" rating in a research report on Tuesday, January 14th. StockNews.com upgraded Whirlpool from a "sell" rating to a "hold" rating in a research report on Tuesday, January 21st. 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 stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $106.00.

Whirlpool Price Performance

Shares of NYSE WHR traded down $0.75 during mid-day trading on Friday, hitting $93.41. 1,175,188 shares of the stock were exchanged, compared to its average volume of 1,030,110. Whirlpool Co. has a twelve month low of $84.18 and a twelve month high of $135.49. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.44 and a current ratio of 0.72. The stock's fifty day simple moving average is $107.04 and its two-hundred day simple moving average is $108.14. The company has a market cap of $5.17 billion, a P/E ratio of -15.94 and a beta of 1.44.

Whirlpool (NYSE:WHR - Get Free Report) last issued its quarterly earnings data on Wednesday, January 29th. The company reported $4.57 EPS for the quarter, topping analysts' consensus estimates of $4.26 by $0.31. Whirlpool had a negative net margin of 1.95% and a positive return on equity of 21.89%. During the same quarter last year, the business earned $3.85 EPS. As a group, analysts forecast that Whirlpool Co. will post 9.52 EPS for the current fiscal year.

Whirlpool Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Friday, February 28th were issued a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a yield of 7.49%. The ex-dividend date was Friday, February 28th. Whirlpool's payout ratio is -119.45%.

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.