International Assets Investment Management LLC Invests $2.28 Million in Whirlpool Co. (NYSE:WHR)

International Assets Investment Management LLC purchased a new position in shares of Whirlpool Co. (NYSE:WHR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 19,830 shares of the company's stock, valued at approximately $2,282,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Stifel Financial Corp increased its position in Whirlpool by 1.4% during the third quarter. Stifel Financial Corp now owns 440,175 shares of the company's stock worth $47,099,000 after buying an additional 6,049 shares during the last quarter. HighTower Advisors LLC raised its stake in shares of Whirlpool by 1.9% in the 3rd quarter. HighTower Advisors LLC now owns 1,033,263 shares of the company's stock valued at $110,567,000 after acquiring an additional 18,936 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Whirlpool by 14.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,019,569 shares of the company's stock worth $216,094,000 after purchasing an additional 258,871 shares during the last quarter. State Street Corp boosted its position in Whirlpool by 1.0% during the third quarter. State Street Corp now owns 1,650,386 shares of the company's stock worth $176,591,000 after purchasing an additional 15,752 shares during the period. Finally, Evergreen Capital Management LLC raised its position in shares of Whirlpool by 41.5% in the second quarter. Evergreen Capital Management LLC now owns 43,261 shares of the company's stock valued at $4,421,000 after purchasing an additional 12,697 shares during the period. Institutional investors own 90.78% of the company's stock.

Whirlpool Stock Down 0.1 %

Shares of NYSE:WHR traded down $0.12 during trading on Thursday, hitting $113.47. 578,171 shares of the company's stock traded hands, compared to its average volume of 580,554. The company has a 50-day moving average price of $113.82 and a 200-day moving average price of $105.62. Whirlpool Co. has a 52 week low of $84.18 and a 52 week high of $126.30. 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 company has a market cap of $6.26 billion, a price-to-earnings ratio of 11.19 and a beta of 1.44.

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

Whirlpool Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, December 15th. Shareholders of record on Friday, November 15th were given a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a yield of 6.17%. The ex-dividend date of this dividend was Friday, November 15th. Whirlpool's dividend payout ratio (DPR) is currently 69.03%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on WHR. JPMorgan Chase & Co. raised their target price 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. Royal Bank of Canada decreased their target price on Whirlpool from $76.00 to $74.00 and set an "underperform" rating for the company in a research note on Friday, October 25th. Finally, Bank of America boosted their price objective on shares of Whirlpool from $101.00 to $103.00 and gave the stock an "underperform" rating in a 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 data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $106.50.

Insider Buying and Selling

In other Whirlpool news, CFO James W. Peters sold 6,000 shares of the firm's stock in a transaction that occurred 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 $4,343,233.60. This trade represents 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 hyperlink. 2.05% of the stock is currently owned by corporate insiders.

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.