Whirlpool Co. (NYSE:WHR) Shares Acquired by State Street Corp

State Street Corp increased its stake in shares of Whirlpool Co. (NYSE:WHR - Free Report) by 1.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,650,386 shares of the company's stock after purchasing an additional 15,752 shares during the quarter. State Street Corp owned 2.99% of Whirlpool worth $176,591,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. SouthState Corp acquired a new stake in Whirlpool in the second quarter valued at approximately $28,000. Altshuler Shaham Ltd purchased a new stake in shares of Whirlpool in the 2nd quarter valued at approximately $32,000. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Whirlpool in the 2nd quarter valued at $32,000. True Wealth Design LLC lifted its position in shares of Whirlpool by 545.5% during the 3rd quarter. True Wealth Design LLC now owns 355 shares of the company's stock worth $38,000 after purchasing an additional 300 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings 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 buying an additional 384 shares during the last quarter. Hedge funds and other institutional investors own 90.78% of the company's stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Bank of America lifted their price target on Whirlpool from $101.00 to $103.00 and gave the stock an "underperform" rating in a report on Friday, October 25th. Royal Bank of Canada lowered their price target on 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. raised their price objective on shares of Whirlpool from $103.00 to $109.00 and gave the stock a "neutral" rating in a report on Tuesday, October 29th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $106.50.

Whirlpool Stock Performance

NYSE:WHR traded down $1.90 during mid-day trading on Friday, reaching $121.57. 184,936 shares of the stock were exchanged, compared to its average volume of 1,136,087. The company has a quick ratio of 0.55, a current ratio of 0.94 and a debt-to-equity ratio of 1.94. Whirlpool Co. has a 1 year low of $84.18 and a 1 year high of $126.30. The company has a 50 day simple moving average of $109.13 and a 200-day simple moving average of $101.98. The stock has a market capitalization of $6.70 billion, a P/E ratio of 12.17 and a beta of 1.46.

Whirlpool (NYSE:WHR - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The company reported $3.43 EPS for the quarter, beating analysts' consensus estimates of $2.99 by $0.44. The business had revenue of $3.99 billion for the quarter, compared to analysts' expectations of $4.09 billion. Whirlpool had a net margin of 3.19% and a return on equity of 21.41%. The company's quarterly revenue was down 18.9% on a year-over-year basis. During the same period in the previous year, the company posted $5.45 EPS. Analysts anticipate that Whirlpool Co. will post 12.27 earnings per share for the current fiscal year.

Whirlpool Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Friday, November 15th will be issued a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a dividend yield of 5.76%. The ex-dividend date is Friday, November 15th. Whirlpool's dividend payout ratio is currently 69.03%.

Insider Activity at Whirlpool

In related news, CFO James W. Peters sold 6,000 shares of Whirlpool stock in a transaction on Monday, October 28th. The shares were sold at an average price of $104.48, for a total value of $626,880.00. Following the transaction, 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 position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.05% of the stock is currently owned by insiders.

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.