US Bancorp DE Grows Stake in Whirlpool Co. (NYSE:WHR)

US Bancorp DE increased its holdings in Whirlpool Co. (NYSE:WHR) by 16.8% during the third quarter, HoldingsChannel reports. The institutional investor owned 19,488 shares of the company’s stock after acquiring an additional 2,805 shares during the quarter. US Bancorp DE’s holdings in Whirlpool were worth $2,085,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Private Advisor Group LLC raised its holdings in shares of Whirlpool by 2.6% in the 1st quarter. Private Advisor Group LLC now owns 5,006 shares of the company’s stock valued at $599,000 after acquiring an additional 125 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in Whirlpool by 16.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,957 shares of the company’s stock valued at $3,026,000 after purchasing an additional 3,513 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in Whirlpool by 20.0% during the first quarter. Janney Montgomery Scott LLC now owns 41,855 shares of the company’s stock valued at $5,007,000 after purchasing an additional 6,984 shares during the last quarter. Mutual of America Capital Management LLC grew its stake in Whirlpool by 345.9% in the 1st quarter. Mutual of America Capital Management LLC now owns 32,771 shares of the company’s stock worth $3,920,000 after buying an additional 25,421 shares in the last quarter. Finally, Texas Permanent School Fund Corp raised its position in shares of Whirlpool by 327.8% during the 1st quarter. Texas Permanent School Fund Corp now owns 48,135 shares of the company’s stock valued at $5,758,000 after buying an additional 36,884 shares in the last quarter. Hedge funds and other institutional investors own 90.78% of the company’s stock.

Insider Transactions at Whirlpool

In related news, EVP Juan Carlos Puente sold 3,266 shares of Whirlpool stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $100.00, for a total transaction of $326,600.00. Following the completion of the transaction, the executive vice president now directly owns 19,070 shares of the company’s stock, valued at $1,907,000. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, EVP Juan Carlos Puente sold 3,266 shares of the business’s 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 completion of the transaction, the executive vice president now owns 19,070 shares in the company, valued at $1,907,000. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $626,880.00. Following the completion of the sale, the chief financial officer now owns 41,570 shares of the company’s stock, valued at $4,343,233.60. 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.

Whirlpool Trading Up 1.5 %

NYSE WHR opened at $107.99 on Thursday. The stock has a 50-day moving average of $102.72 and a 200-day moving average of $98.62. The company has a current ratio of 0.94, a quick ratio of 0.55 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 $125.68. The firm has a market cap of $5.95 billion, a PE ratio of 10.65 and a beta of 1.44.

Whirlpool (NYSE:WHR) last issued its earnings results on Wednesday, October 23rd. The company reported $3.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.99 by $0.44. The firm 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 business’s revenue was down 18.9% on a year-over-year basis. During the same quarter last year, the business earned $5.45 earnings per share. As a group, sell-side analysts forecast that Whirlpool Co. will post 12.27 EPS for the current year.

Whirlpool Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Friday, November 15th will be paid a $1.75 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $7.00 annualized dividend and a dividend yield of 6.48%. Whirlpool’s payout ratio is presently 69.03%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Bank of America upped their target price on shares of Whirlpool from $101.00 to $103.00 and gave the stock an “underperform” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. increased their price objective on Whirlpool from $103.00 to $109.00 and gave the company a “neutral” rating in a research report on Tuesday, October 29th. Finally, Royal Bank of Canada dropped their target price on Whirlpool from $76.00 to $74.00 and set an “underperform” rating for the company in a research report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $106.50.

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.