Arkadios Wealth Advisors Makes New $1.97 Million Investment in Whirlpool Co. (NYSE:WHR)

Arkadios Wealth Advisors purchased a new position in shares of Whirlpool Co. (NYSE:WHR - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 17,210 shares of the company's stock, valued at approximately $1,970,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Envestnet Asset Management Inc. boosted its position in shares of Whirlpool by 5.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 69,786 shares of the company's stock valued at $7,132,000 after acquiring an additional 3,584 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Whirlpool by 46.8% during the second quarter. Dimensional Fund Advisors LP now owns 981,472 shares of the company's stock valued at $100,304,000 after purchasing an additional 312,729 shares in the last quarter. Hsbc Holdings PLC grew its stake in shares of Whirlpool by 16.0% in the 2nd quarter. Hsbc Holdings PLC now owns 10,756 shares of the company's stock valued at $1,099,000 after purchasing an additional 1,487 shares during the period. AE Wealth Management LLC acquired a new position in shares of Whirlpool in the 2nd quarter worth approximately $10,418,000. Finally, Sei Investments Co. lifted its position in shares of Whirlpool by 7.8% during the 2nd quarter. Sei Investments Co. now owns 44,793 shares of the company's stock worth $4,578,000 after buying an additional 3,225 shares during the period. Institutional investors own 90.78% of the company's stock.

Insider Activity

In other news, CFO James W. Peters sold 6,000 shares of the business's stock in a transaction dated 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 transaction, the chief financial officer now directly owns 41,570 shares in the company, valued at approximately $4,343,233.60. The trade was a 12.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.05% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Bank of America upped their price target on Whirlpool from $101.00 to $103.00 and gave the company an "underperform" rating in a research report on Friday, October 25th. The Goldman Sachs Group upped their target price on shares of Whirlpool from $125.00 to $138.00 and gave the stock a "buy" rating in a report on Tuesday, January 14th. Royal Bank of Canada cut their price target on shares of Whirlpool from $76.00 to $74.00 and set an "underperform" rating for the company in a report on Friday, October 25th. StockNews.com cut shares of Whirlpool from a "hold" rating to a "sell" rating in a research note on Monday, January 13th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Whirlpool from $103.00 to $109.00 and gave the stock a "neutral" rating in a report on Tuesday, October 29th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, Whirlpool has a consensus rating of "Hold" and a consensus target price of $112.80.

Whirlpool Trading Up 0.9 %

Whirlpool stock traded up $1.20 during mid-day trading on Friday, hitting $130.07. The stock had a trading volume of 631,779 shares, compared to its average volume of 497,212. The stock has a market capitalization of $7.17 billion, a PE ratio of 12.83 and a beta of 1.44. Whirlpool Co. has a 12 month low of $84.18 and a 12 month high of $130.85. The company has a current ratio of 0.94, a quick ratio of 0.55 and a debt-to-equity ratio of 1.94. The stock has a 50-day simple moving average of $116.05 and a two-hundred day simple moving average of $106.82.

Whirlpool (NYSE:WHR - Get Free Report) last issued its quarterly 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. Whirlpool had a net margin of 3.19% and a return on equity of 21.41%. The company had revenue of $3.99 billion during the quarter, compared to analysts' expectations of $4.09 billion. During the same quarter in the previous year, the company earned $5.45 EPS. Whirlpool's revenue was down 18.9% on a year-over-year basis. As a group, sell-side analysts forecast that Whirlpool Co. will post 12.27 EPS for the current year.

Whirlpool 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.