Principal Financial Group Inc. Has $13.59 Million Holdings in Whirlpool Co. (NYSE:WHR)

Principal Financial Group Inc. lowered its holdings in Whirlpool Co. (NYSE:WHR - Free Report) by 30.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 127,051 shares of the company's stock after selling 54,761 shares during the period. Principal Financial Group Inc. owned approximately 0.23% of Whirlpool worth $13,594,000 as of its most recent SEC filing.

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

Whirlpool Stock Up 0.0 %

WHR traded up $0.02 during trading on Friday, reaching $112.30. 743,478 shares of the stock were exchanged, compared to its average volume of 969,942. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.55 and a current ratio of 0.94. The stock's 50 day moving average price is $104.48 and its two-hundred day moving average price is $99.22. Whirlpool Co. has a twelve month low of $84.18 and a twelve month high of $125.68. The stock has a market cap of $6.19 billion, a P/E ratio of 11.07 and a beta of 1.44.

Whirlpool (NYSE:WHR - Get Free Report) last released 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. Whirlpool had a return on equity of 21.41% and a net margin of 3.19%. The company had revenue of $3.99 billion during the quarter, compared to analysts' expectations of $4.09 billion. During the same period last year, the firm posted $5.45 earnings per share. The business's revenue was down 18.9% on a year-over-year basis. Equities analysts expect that Whirlpool Co. will post 12.27 EPS for the current year.

Whirlpool Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders 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 6.23%. The ex-dividend date is Friday, November 15th. Whirlpool's dividend payout ratio is presently 69.03%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Bank of America raised their target price on Whirlpool from $101.00 to $103.00 and gave the company an "underperform" rating in a report on Friday, October 25th. Royal Bank of Canada lowered their target price on shares of Whirlpool from $76.00 to $74.00 and set an "underperform" rating on the stock 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 company a "neutral" rating in a research report on Tuesday, October 29th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Whirlpool presently has an average rating of "Hold" and an average target price of $106.50.

Insider Activity

In other Whirlpool news, CFO James W. Peters sold 6,000 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $104.48, for a total transaction of $626,880.00. Following the transaction, the chief financial officer now owns 41,570 shares in the company, valued at $4,343,233.60. This represents a 12.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at 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 value of $326,600.00. Following the sale, the executive vice president now directly owns 19,070 shares in the company, valued at approximately $1,907,000. This trade represents a 14.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.05% of the stock is owned by company 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.