Meeder Asset Management Inc. Has $5.11 Million Holdings in Whirlpool Co. (NYSE:WHR)

Meeder Asset Management Inc. boosted its stake in Whirlpool Co. (NYSE:WHR - Free Report) by 379.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 47,776 shares of the company's stock after purchasing an additional 37,811 shares during the quarter. Meeder Asset Management Inc. owned about 0.09% of Whirlpool worth $5,112,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. SouthState Corp acquired a new stake in Whirlpool in the second quarter worth $28,000. Ashton Thomas Private Wealth LLC acquired a new stake in Whirlpool during the 2nd quarter worth $32,000. Altshuler Shaham Ltd bought a new position in Whirlpool during the second quarter worth about $32,000. EverSource Wealth Advisors LLC grew its stake in Whirlpool by 1,010.5% in the second quarter. EverSource Wealth Advisors LLC now owns 422 shares of the company's stock valued at $43,000 after acquiring an additional 384 shares during the period. Finally, UMB Bank n.a. increased its holdings in shares of Whirlpool by 80.6% in the second quarter. UMB Bank n.a. now owns 428 shares of the company's stock worth $44,000 after acquiring an additional 191 shares in the last quarter. 90.78% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Whirlpool Stock Down 1.5 %

Shares of WHR traded down $1.68 during mid-day trading on Tuesday, hitting $109.64. 589,629 shares of the company's stock were exchanged, compared to its average volume of 1,168,495. The company has a debt-to-equity ratio of 1.94, a current ratio of 0.94 and a quick ratio of 0.55. Whirlpool Co. has a 52 week low of $84.18 and a 52 week high of $125.68. The company has a market cap of $6.05 billion, a PE ratio of 10.99 and a beta of 1.44. The company has a 50-day simple moving average of $104.77 and a 200 day simple moving average of $99.37.

Whirlpool (NYSE:WHR - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $3.43 EPS for the quarter, topping analysts' consensus estimates 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%. Whirlpool's quarterly revenue was down 18.9% on a year-over-year basis. During the same quarter last year, the company posted $5.45 earnings per share. On average, research analysts forecast that Whirlpool Co. will post 12.27 earnings per share for the current fiscal year.

Whirlpool Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Friday, November 15th will be given a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a yield of 6.38%. The ex-dividend date is Friday, November 15th. Whirlpool's dividend payout ratio is 69.03%.

Insider Buying and Selling at Whirlpool

In other Whirlpool news, EVP Juan Carlos Puente sold 3,266 shares of the business's stock in a transaction that occurred 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 in the company, valued at $1,907,000. The trade was a 14.62 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO James W. Peters sold 6,000 shares of the company's 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 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 disclosure for this sale can be found here. Insiders own 2.05% of the company's stock.

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.