Advisors Asset Management Inc. Acquires 24,414 Shares of Whirlpool Co. (NYSE:WHR)

Advisors Asset Management Inc. lifted its position in Whirlpool Co. (NYSE:WHR - Free Report) by 39.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 86,182 shares of the company's stock after buying an additional 24,414 shares during the quarter. Advisors Asset Management Inc. owned about 0.16% of Whirlpool worth $9,221,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in WHR. SouthState Corp acquired a new position in shares of Whirlpool during the second quarter worth approximately $28,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Whirlpool during the second quarter worth approximately $32,000. Altshuler Shaham Ltd acquired a new position in shares of Whirlpool during the second quarter worth approximately $32,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Whirlpool by 1,010.5% during the second quarter. EverSource Wealth Advisors LLC now owns 422 shares of the company's stock worth $43,000 after buying an additional 384 shares during the last quarter. Finally, UMB Bank n.a. lifted its holdings in shares of Whirlpool by 80.6% during the second quarter. UMB Bank n.a. now owns 428 shares of the company's stock worth $44,000 after buying an additional 191 shares during the last quarter. 90.78% of the stock is currently owned by institutional investors and hedge funds.

Whirlpool Stock Performance

Shares of NYSE WHR traded up $0.52 during trading hours on Thursday, reaching $110.32. The stock had a trading volume of 50,642 shares, compared to its average volume of 1,160,661. The business's fifty day moving average is $105.34 and its two-hundred day moving average is $99.55. The company has a debt-to-equity ratio of 1.94, a current ratio of 0.94 and a quick ratio of 0.55. The company has a market cap of $6.08 billion, a price-to-earnings ratio of 10.83 and a beta of 1.44. Whirlpool Co. has a twelve month low of $84.18 and a twelve month high of $125.68.

Whirlpool (NYSE:WHR - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $3.43 earnings per share for the quarter, beating analysts' consensus estimates of $2.99 by $0.44. Whirlpool had a return on equity of 21.41% and a net margin of 3.19%. The firm had revenue of $3.99 billion for the quarter, compared to analysts' expectations of $4.09 billion. During the same period in the prior year, the business posted $5.45 earnings per share. The business's revenue was down 18.9% compared to the same quarter last year. As a group, research analysts expect that Whirlpool Co. will post 12.27 EPS for the current year.

Whirlpool Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Friday, November 15th will be given a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a yield of 6.35%. The ex-dividend date is Friday, November 15th. Whirlpool's dividend payout ratio (DPR) is 69.03%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. upped their price target on Whirlpool from $103.00 to $109.00 and gave the stock a "neutral" rating in a report on Tuesday, October 29th. Bank of America upped their price target on Whirlpool from $101.00 to $103.00 and gave the stock an "underperform" rating in a report on Friday, October 25th. Finally, Royal Bank of Canada cut their target price on Whirlpool from $76.00 to $74.00 and set an "underperform" rating for the company in a research note on Friday, October 25th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $106.50.

Insider Buying and Selling at Whirlpool

In other news, EVP Juan Carlos Puente sold 3,266 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $100.00, for a total transaction of $326,600.00. Following the sale, the executive vice president now owns 19,070 shares in the company, valued at approximately $1,907,000. This represents a 14.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO James W. Peters sold 6,000 shares of the stock in a transaction on Monday, October 28th. The stock was sold at an average price of $104.48, for a total value of $626,880.00. Following the sale, the chief financial officer now owns 41,570 shares in the company, valued at $4,343,233.60. The trade was a 12.61 % decrease in their position. The disclosure for this sale can be found here. Company 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.