Whirlpool Co. (NYSE:WHR) Shares Acquired by Stifel Financial Corp

Stifel Financial Corp lifted its holdings in shares of Whirlpool Co. (NYSE:WHR - Free Report) by 1.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 440,175 shares of the company's stock after purchasing an additional 6,049 shares during the quarter. Stifel Financial Corp owned about 0.80% of Whirlpool worth $47,099,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in WHR. Primecap Management Co. CA boosted its stake in shares of Whirlpool by 1.8% in the 2nd quarter. Primecap Management Co. CA now owns 4,858,250 shares of the company's stock valued at $496,513,000 after buying an additional 84,574 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Whirlpool by 14.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,019,569 shares of the company's stock worth $216,094,000 after acquiring an additional 258,871 shares during the last quarter. Newport Trust Company LLC grew its holdings in Whirlpool by 23.8% during the 2nd quarter. Newport Trust Company LLC now owns 1,402,941 shares of the company's stock worth $143,381,000 after acquiring an additional 269,976 shares in the last quarter. HighTower Advisors LLC increased its position 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 purchasing an additional 18,936 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Whirlpool by 46.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 981,472 shares of the company's stock valued at $100,304,000 after purchasing an additional 312,729 shares in 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 brokerages recently commented on WHR. JPMorgan Chase & Co. boosted their target price on shares of Whirlpool from $103.00 to $109.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 29th. Royal Bank of Canada decreased 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, Bank of America increased their price objective on Whirlpool from $101.00 to $103.00 and gave the company an "underperform" rating in a 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 stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $106.50.

Whirlpool Stock Performance

NYSE WHR traded up $4.30 during trading hours on Friday, hitting $112.82. The company had a trading volume of 904,765 shares, compared to its average volume of 605,120. The business has a 50 day moving average of $107.68 and a 200-day moving average of $101.06. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.55 and a current ratio of 0.94. Whirlpool Co. has a 1-year low of $84.18 and a 1-year high of $125.68. The company has a market cap of $6.22 billion, a PE ratio of 11.13 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. Whirlpool had a net margin of 3.19% and a return on equity of 21.41%. The business had revenue of $3.99 billion for the quarter, compared to analysts' expectations of $4.09 billion. During the same period in the previous year, the company posted $5.45 EPS. The company's quarterly revenue was down 18.9% on a year-over-year basis. As a group, equities research analysts expect that Whirlpool Co. will post 12.27 EPS for the current year.

Whirlpool Dividend Announcement

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 paid a $1.75 dividend. The ex-dividend date is Friday, November 15th. This represents a $7.00 annualized dividend and a dividend yield of 6.20%. Whirlpool's dividend payout ratio (DPR) is currently 69.03%.

Insider Buying and Selling at Whirlpool

In related news, CFO James W. Peters sold 6,000 shares of the stock in a transaction on Monday, October 28th. The stock was 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 of the company's stock, 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 document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.05% of the company's stock.

Whirlpool Company 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.