Hancock Whitney Corp Takes $583,000 Position in Whirlpool Co. (NYSE:WHR)

Hancock Whitney Corp acquired a new stake in shares of Whirlpool Co. (NYSE:WHR - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 5,450 shares of the company's stock, valued at approximately $583,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sigma Planning Corp raised its holdings in shares of Whirlpool by 6.4% during the third quarter. Sigma Planning Corp now owns 2,170 shares of the company's stock valued at $232,000 after acquiring an additional 130 shares in the last quarter. Dakota Wealth Management grew its stake in Whirlpool by 2.0% in the third quarter. Dakota Wealth Management now owns 7,395 shares of the company's stock worth $791,000 after purchasing an additional 145 shares during the period. Moors & Cabot Inc. raised its holdings in Whirlpool by 2.2% in the third quarter. Moors & Cabot Inc. now owns 6,979 shares of the company's stock worth $747,000 after purchasing an additional 150 shares in the last quarter. Arizona State Retirement System lifted its position in Whirlpool by 1.1% during the second quarter. Arizona State Retirement System now owns 15,247 shares of the company's stock valued at $1,558,000 after buying an additional 172 shares during the period. Finally, Verdence Capital Advisors LLC boosted its holdings in shares of Whirlpool by 5.1% during the 3rd quarter. Verdence Capital Advisors LLC now owns 3,565 shares of the company's stock valued at $381,000 after buying an additional 173 shares in the last quarter. 90.78% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

WHR has been the subject of a number of recent research reports. Bank of America lifted 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. Royal Bank of Canada lowered their target price 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. Finally, JPMorgan Chase & Co. upped their price target on Whirlpool from $103.00 to $109.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 29th. Two 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. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $106.50.

Whirlpool Stock Down 0.6 %

WHR stock traded down $0.66 on Wednesday, reaching $111.80. 446,713 shares of the company traded hands, compared to its average volume of 1,153,030. Whirlpool Co. has a one year low of $84.18 and a one year 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 company has a market cap of $6.16 billion, a P/E ratio of 11.08 and a beta of 1.44. The firm has a fifty day simple moving average of $106.53 and a 200-day simple moving average of $100.10.

Whirlpool (NYSE:WHR - Get Free Report) last posted its quarterly earnings data 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. The company had revenue of $3.99 billion during 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 firm's revenue for the quarter was down 18.9% on a year-over-year basis. During the same quarter last year, the company earned $5.45 EPS. Research analysts anticipate that Whirlpool Co. will post 12.27 earnings per share for the current year.

Whirlpool Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Friday, November 15th will be issued a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a dividend yield of 6.26%. The ex-dividend date of this dividend is Friday, November 15th. Whirlpool's payout ratio is 69.03%.

Insiders Place Their Bets

In related news, CFO James W. Peters sold 6,000 shares of Whirlpool 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 completion of the sale, the chief financial officer now owns 41,570 shares of the company's stock, valued at $4,343,233.60. The trade was a 12.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Juan Carlos Puente sold 3,266 shares of Whirlpool stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $100.00, for a total value of $326,600.00. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. Corporate 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.