Prime Capital Investment Advisors LLC Purchases 7,405 Shares of Whirlpool Co. (NYSE:WHR)

Prime Capital Investment Advisors LLC grew its holdings in Whirlpool Co. (NYSE:WHR - Free Report) by 10.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 76,709 shares of the company's stock after buying an additional 7,405 shares during the period. Prime Capital Investment Advisors LLC owned 0.14% of Whirlpool worth $8,208,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

A number of research firms recently commented on WHR. Royal Bank of Canada dropped their price target on Whirlpool from $76.00 to $74.00 and set an "underperform" rating for the company in a research note on Friday, October 25th. JPMorgan Chase & Co. increased their price target 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 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's stock. Based on data from MarketBeat.com, Whirlpool presently has a consensus rating of "Hold" and an average price target of $106.50.

Whirlpool Price Performance

WHR stock traded up $3.41 during trading on Wednesday, reaching $113.90. 891,787 shares of the company were exchanged, compared to its average volume of 1,176,128. Whirlpool Co. has a twelve month low of $84.18 and a twelve month 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 capitalization of $6.28 billion, a price-to-earnings ratio of 11.23 and a beta of 1.44. The company has a 50-day moving average of $103.55 and a two-hundred day moving average of $98.87.

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, beating analysts' consensus estimates of $2.99 by $0.44. The business had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.09 billion. Whirlpool had a net margin of 3.19% and a return on equity of 21.41%. The firm's quarterly revenue was down 18.9% on a year-over-year basis. During the same quarter last year, the business earned $5.45 EPS. As a group, equities analysts predict that Whirlpool Co. will post 12.27 earnings per share for the current fiscal year.

Whirlpool Announces Dividend

The business 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 dividend of $1.75 per share. This represents a $7.00 annualized dividend and a yield of 6.15%. The ex-dividend date of this dividend is Friday, November 15th. Whirlpool's payout ratio is presently 69.03%.

Insider Buying and Selling at Whirlpool

In related news, EVP Juan Carlos Puente sold 3,266 shares of Whirlpool stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 19,070 shares of the company's stock, valued at $1,907,000. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Whirlpool news, CFO James W. Peters sold 6,000 shares of Whirlpool 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 directly 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. Also, EVP Juan Carlos Puente sold 3,266 shares of the 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 transaction, the executive vice president now directly owns 19,070 shares in the company, valued at approximately $1,907,000. This represents a 0.00 % decrease in their ownership of the stock. 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.