Easterly Investment Partners LLC Raises Holdings in Whirlpool Co. (NYSE:WHR)

Easterly Investment Partners LLC boosted its holdings in Whirlpool Co. (NYSE:WHR - Free Report) by 95.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 151,157 shares of the company's stock after purchasing an additional 73,865 shares during the period. Whirlpool makes up 1.3% of Easterly Investment Partners LLC's portfolio, making the stock its 13th largest position. Easterly Investment Partners LLC owned 0.27% of Whirlpool worth $16,174,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in WHR. Quantum Private Wealth LLC raised its stake in shares of Whirlpool by 42.6% during the third quarter. Quantum Private Wealth LLC now owns 8,585 shares of the company's stock valued at $919,000 after acquiring an additional 2,565 shares during the last quarter. Keynote Financial Services LLC raised its stake in shares of Whirlpool by 19.6% during the third quarter. Keynote Financial Services LLC now owns 5,436 shares of the company's stock valued at $582,000 after acquiring an additional 890 shares during the last quarter. Centennial Wealth Advisory LLC raised its stake in shares of Whirlpool by 15.1% during the third quarter. Centennial Wealth Advisory LLC now owns 3,040 shares of the company's stock valued at $325,000 after acquiring an additional 399 shares during the last quarter. Radnor Capital Management LLC bought a new position in shares of Whirlpool during the third quarter valued at about $313,000. Finally, Greenwood Capital Associates LLC bought a new position in shares of Whirlpool during the third quarter valued at about $782,000. 90.78% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Insider Transactions at Whirlpool

In other 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 transaction, the executive vice president now owns 19,070 shares in the company, valued at $1,907,000. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, EVP Juan Carlos Puente sold 3,266 shares of the firm's 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 sale, the executive vice president now directly owns 19,070 shares in the company, valued at $1,907,000. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO James W. Peters sold 6,000 shares of the firm's 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 sale, the chief financial officer now owns 41,570 shares in the company, valued at $4,343,233.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.05% of the company's stock.

Whirlpool Trading Up 1.7 %

Shares of NYSE WHR traded up $1.83 during midday trading on Friday, hitting $110.54. 583,700 shares of the company traded hands, compared to its average volume of 1,181,756. The firm has a market cap of $6.09 billion, a P/E ratio of 10.90 and a beta of 1.44. 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 Co. has a 12-month low of $84.18 and a 12-month high of $125.68. The stock has a 50-day moving average price of $103.05 and a 200 day moving average price of $98.73.

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

Whirlpool Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Friday, November 15th will be paid a dividend of $1.75 per share. This represents a $7.00 annualized dividend and a dividend yield of 6.33%. The ex-dividend date is Friday, November 15th. Whirlpool's dividend payout ratio is presently 69.03%.

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.