Whirlpool Co. (NYSE:WHR) Shares Bought by Entropy Technologies LP

Entropy Technologies LP raised its position in Whirlpool Co. (NYSE:WHR) by 16.4% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 6,307 shares of the company’s stock after acquiring an additional 888 shares during the period. Entropy Technologies LP’s holdings in Whirlpool were worth $675,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Primecap Management Co. CA lifted 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 worth $496,513,000 after acquiring an additional 84,574 shares during the period. Newport Trust Company LLC lifted its stake in shares of Whirlpool by 23.8% in the second quarter. Newport Trust Company LLC now owns 1,402,941 shares of the company’s stock valued at $143,381,000 after purchasing an additional 269,976 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Whirlpool by 46.8% in the second 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 during the period. Deprince Race & Zollo Inc. lifted its stake in shares of Whirlpool by 84.4% in the second quarter. Deprince Race & Zollo Inc. now owns 532,466 shares of the company’s stock valued at $54,418,000 after purchasing an additional 243,743 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of Whirlpool by 1.8% in the second quarter. Bank of New York Mellon Corp now owns 462,308 shares of the company’s stock valued at $47,248,000 after purchasing an additional 8,244 shares during the period. Institutional investors and hedge funds own 90.78% of the company’s stock.

Insider Activity at Whirlpool

In related news, EVP Juan Carlos Puente sold 3,266 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $100.00, for a total value of $326,600.00. Following the completion of the sale, the executive vice president now directly owns 19,070 shares in the company, valued at approximately $1,907,000. The trade was a 14.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO James W. Peters sold 6,000 shares of the business’s 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 completion of the sale, the chief financial officer now owns 41,570 shares of the company’s stock, valued at approximately $4,343,233.60. The trade was a 12.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.05% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on WHR shares. Bank of America raised their price objective on shares of Whirlpool from $101.00 to $103.00 and gave the company an “underperform” rating in a research note on Friday, October 25th. Royal Bank of Canada reduced their price objective on shares of Whirlpool from $76.00 to $74.00 and set an “underperform” rating for the company in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. lifted their target price 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. Two research 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. According to MarketBeat.com, Whirlpool currently has an average rating of “Hold” and an average price target of $106.50.

Whirlpool Stock Performance

Shares of NYSE WHR opened at $114.27 on Friday. The company has a market cap of $6.30 billion, a PE ratio of 11.42 and a beta of 1.44. Whirlpool Co. has a 12 month low of $84.18 and a 12 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 50-day simple moving average of $103.85 and a 200-day simple moving average of $98.98.

Whirlpool (NYSE:WHR) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $3.43 EPS for the quarter, topping analysts’ consensus estimates of $2.99 by $0.44. The business had revenue of $3.99 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.45 earnings per share. On average, equities analysts anticipate that Whirlpool Co. will post 12.27 earnings per share for the current year.

Whirlpool Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend is Friday, November 15th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 6.13%. Whirlpool’s dividend payout ratio (DPR) is presently 69.03%.

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.