Charles Schwab Investment Management Inc. Grows Stock Holdings in Whirlpool Co. (NYSE:WHR)

Charles Schwab Investment Management Inc. grew its holdings in shares of Whirlpool Co. (NYSE:WHR - Free Report) by 14.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,019,569 shares of the company's stock after acquiring an additional 258,871 shares during the period. Charles Schwab Investment Management Inc. owned about 3.66% of Whirlpool worth $216,094,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Evergreen Capital Management LLC increased its position in Whirlpool by 41.5% in the second quarter. Evergreen Capital Management LLC now owns 43,261 shares of the company's stock worth $4,421,000 after buying an additional 12,697 shares in the last quarter. Prime Capital Investment Advisors LLC increased its holdings in Whirlpool by 10.7% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 76,709 shares of the company's stock worth $8,208,000 after acquiring an additional 7,405 shares in the last quarter. Campbell Capital Management Inc. bought a new stake in Whirlpool during the 3rd quarter worth approximately $1,605,000. Cetera Advisors LLC boosted its position in shares of Whirlpool by 253.1% in the first quarter. Cetera Advisors LLC now owns 6,182 shares of the company's stock worth $740,000 after purchasing an additional 4,431 shares during the period. Finally, CANADA LIFE ASSURANCE Co boosted its position in shares of Whirlpool by 89.1% in the first quarter. CANADA LIFE ASSURANCE Co now owns 39,304 shares of the company's stock worth $4,704,000 after purchasing an additional 18,514 shares during the period. 90.78% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

WHR has been the subject of a number of analyst reports. Royal Bank of Canada cut their price target on Whirlpool from $76.00 to $74.00 and set an "underperform" rating for the company in a research note on Friday, October 25th. Bank of America increased their target price on Whirlpool from $101.00 to $103.00 and gave the stock an "underperform" rating in a research report on Friday, October 25th. Finally, JPMorgan Chase & Co. boosted 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. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $106.50.

Insiders Place Their Bets

In other Whirlpool news, EVP Juan Carlos Puente sold 3,266 shares of Whirlpool stock in a transaction on Tuesday, September 3rd. The shares were 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 directly owns 19,070 shares of the company's stock, valued at $1,907,000. The trade was a 14.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO James W. Peters sold 6,000 shares of the stock in a transaction on Monday, October 28th. The shares were 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 in the company, valued at approximately $4,343,233.60. This represents a 12.61 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.05% of the company's stock.

Whirlpool Price Performance

Shares of Whirlpool stock traded up $1.34 during trading on Friday, reaching $112.52. 396,497 shares of the stock traded hands, compared to its average volume of 773,897. Whirlpool Co. has a 52-week low of $84.18 and a 52-week high of $125.68. 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 business has a fifty day simple moving average of $105.97 and a two-hundred day simple moving average of $99.78. The company has a market capitalization of $6.20 billion, a price-to-earnings ratio of 11.10 and a beta of 1.44.

Whirlpool (NYSE:WHR - Get Free Report) last released its quarterly 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. The business had revenue of $3.99 billion during the quarter, compared to analysts' expectations of $4.09 billion. Whirlpool had a return on equity of 21.41% and a net margin of 3.19%. The firm's revenue for the quarter was down 18.9% compared to the same quarter last year. During the same quarter last year, the business posted $5.45 EPS. Sell-side analysts expect that Whirlpool Co. will post 12.27 EPS for the current year.

Whirlpool Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Friday, November 15th will be given 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 6.22%. Whirlpool's dividend payout ratio (DPR) is currently 69.03%.

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.