Greenwood Capital Associates LLC Acquires New Shares in Whirlpool Co. (NYSE:WHR)

Greenwood Capital Associates LLC bought a new position in shares of Whirlpool Co. (NYSE:WHR - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 7,304 shares of the company's stock, valued at approximately $782,000.

Other institutional investors have also recently made changes to their positions in the company. Private Advisor Group LLC increased its stake in shares of Whirlpool by 2.6% in the 1st quarter. Private Advisor Group LLC now owns 5,006 shares of the company's stock valued at $599,000 after acquiring an additional 125 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Whirlpool by 16.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,957 shares of the company's stock valued at $3,026,000 after acquiring an additional 3,513 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in Whirlpool by 20.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 41,855 shares of the company's stock valued at $5,007,000 after purchasing an additional 6,984 shares in the last quarter. Mutual of America Capital Management LLC lifted its stake in shares of Whirlpool by 345.9% in the first quarter. Mutual of America Capital Management LLC now owns 32,771 shares of the company's stock valued at $3,920,000 after buying an additional 25,421 shares in the last quarter. Finally, Texas Permanent School Fund Corp grew its holdings in shares of Whirlpool by 327.8% during the first quarter. Texas Permanent School Fund Corp now owns 48,135 shares of the company's stock valued at $5,758,000 after buying an additional 36,884 shares during the last quarter. Institutional investors own 90.78% of the company's stock.

Insider Activity

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

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Bank of America lifted their price target on Whirlpool from $101.00 to $103.00 and gave the company an "underperform" rating in a research note on Friday, October 25th. JPMorgan Chase & Co. raised their price target on shares of Whirlpool from $103.00 to $109.00 and gave the company a "neutral" rating in a research report on Tuesday, October 29th. Finally, Royal Bank of Canada dropped their target price 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 investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $106.50.

Whirlpool Stock Performance

Whirlpool stock traded up $1.69 during mid-day trading on Wednesday, reaching $108.04. The company's stock had a trading volume of 1,098,711 shares, compared to its average volume of 1,187,349. The firm's fifty day moving average price is $102.60 and its two-hundred day moving average price is $98.56. Whirlpool Co. has a 12-month low of $84.18 and a 12-month high of $125.68. The company has a market capitalization of $5.96 billion, a P/E ratio of 10.49 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 (NYSE:WHR - Get Free Report) last announced its earnings results 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 analyst estimates of $4.09 billion. Whirlpool had a return on equity of 21.41% and a net margin of 3.19%. The company's quarterly revenue was down 18.9% compared to the same quarter last year. During the same period in the prior year, the company earned $5.45 EPS. Sell-side analysts predict that Whirlpool Co. will post 12.27 EPS for the current fiscal year.

Whirlpool Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Friday, November 15th will be issued a $1.75 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $7.00 annualized dividend and a dividend yield of 6.48%. Whirlpool's dividend payout ratio is currently 69.03%.

Whirlpool Company 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.