Raymond James & Associates Has $20.17 Million Holdings in Whirlpool Co. (NYSE:WHR)

Raymond James & Associates grew its position in Whirlpool Co. (NYSE:WHR - Free Report) by 335.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 188,508 shares of the company's stock after acquiring an additional 145,200 shares during the quarter. Raymond James & Associates owned 0.35% of Whirlpool worth $20,170,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of WHR. FIFTHDELTA Ltd bought a new stake in shares of Whirlpool in the 1st quarter valued at approximately $50,986,000. Dimensional Fund Advisors LP raised its stake in Whirlpool by 46.8% during the second quarter. Dimensional Fund Advisors LP now owns 981,472 shares of the company's stock worth $100,304,000 after acquiring an additional 312,729 shares in the last quarter. RWWM Inc. bought a new position in shares of Whirlpool during the second quarter valued at $30,174,000. Newport Trust Company LLC boosted its stake in shares of Whirlpool by 23.8% in the 2nd quarter. Newport Trust Company LLC now owns 1,402,941 shares of the company's stock valued at $143,381,000 after purchasing an additional 269,976 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of Whirlpool by 240.9% in the 2nd quarter. AQR Capital Management LLC now owns 375,613 shares of the company's stock worth $38,125,000 after purchasing an additional 265,418 shares during the last quarter. Institutional investors and hedge funds own 90.78% of the company's stock.

Whirlpool Price Performance

WHR traded down $6.32 during midday trading on Friday, hitting $104.05. The company had a trading volume of 1,547,061 shares, compared to its average volume of 1,201,430. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.58 and a current ratio of 0.96. The firm's 50-day simple moving average is $102.00 and its 200-day simple moving average is $98.76. Whirlpool Co. has a twelve month low of $84.18 and a twelve month high of $125.68. The company has a market capitalization of $5.71 billion, a PE ratio of 10.76 and a beta of 1.44.

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 the consensus estimate of $2.99 by $0.44. Whirlpool had a return on equity of 27.67% and a net margin of 2.89%. The firm had revenue of $3.99 billion during the quarter, compared to analysts' expectations of $4.09 billion. During the same period in the previous year, the business posted $5.45 EPS. The company's quarterly revenue was down 18.9% compared to the same quarter last year. Equities research analysts predict that Whirlpool Co. will post 11.24 EPS for the current fiscal 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 given a dividend of $1.75 per share. This represents a $7.00 annualized dividend and a dividend yield of 6.73%. The ex-dividend date of this dividend is Friday, November 15th. Whirlpool's payout ratio is 72.39%.

Insider Activity

In other news, EVP Juan Carlos Puente sold 3,266 shares of the company's stock in a transaction dated 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. This 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. 2.05% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Royal Bank of Canada cut their price target on shares of Whirlpool from $76.00 to $74.00 and set an "underperform" rating for the company in a report on Friday. Bank of America boosted their target price on Whirlpool from $101.00 to $103.00 and gave the stock an "underperform" rating in a report on Friday. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, Whirlpool currently has a consensus rating of "Hold" and an average price target of $107.00.

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.