Carson Advisory Inc. Boosts Stake in Whirlpool Co. (NYSE:WHR)

Carson Advisory Inc. lifted its holdings in shares of Whirlpool Co. (NYSE:WHR) by 4.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,415 shares of the company’s stock after purchasing an additional 370 shares during the quarter. Carson Advisory Inc.’s holdings in Whirlpool were worth $900,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of WHR. Private Advisor Group LLC lifted its stake in Whirlpool by 2.6% during the first quarter. Private Advisor Group LLC now owns 5,006 shares of the company’s stock worth $599,000 after purchasing an additional 125 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in Whirlpool by 16.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,957 shares of the company’s stock worth $3,026,000 after purchasing an additional 3,513 shares during the period. Texas Permanent School Fund Corp grew its position in Whirlpool by 327.8% during the 1st quarter. Texas Permanent School Fund Corp now owns 48,135 shares of the company’s stock worth $5,758,000 after purchasing an additional 36,884 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in Whirlpool by 19.1% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 3,869 shares of the company’s stock valued at $463,000 after purchasing an additional 621 shares during the period. Finally, AIA Group Ltd purchased a new stake in shares of Whirlpool in the first quarter valued at about $474,000. 90.78% of the stock is owned by institutional investors and hedge funds.

Whirlpool Trading Up 1.7 %

Shares of WHR stock opened at $110.54 on Friday. Whirlpool Co. has a 1-year low of $84.18 and a 1-year 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 business’s fifty day moving average price is $103.05 and its 200 day moving average price is $98.73. The firm has a market capitalization of $6.09 billion, a PE ratio of 10.90 and a beta of 1.44.

Whirlpool (NYSE:WHR) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $3.43 earnings per share for the quarter, topping 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 prior year, the company posted $5.45 EPS. The business’s revenue for the quarter was down 18.9% on a year-over-year basis. As a group, sell-side analysts forecast that Whirlpool Co. will post 12.27 EPS for the current fiscal year.

Whirlpool Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Friday, November 15th will be given a dividend of $1.75 per share. The ex-dividend date is Friday, November 15th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 6.33%. Whirlpool’s payout ratio is 69.03%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on WHR shares. Royal Bank of Canada lowered their price target on Whirlpool from $76.00 to $74.00 and set an “underperform” rating on the stock in a report on Friday, October 25th. Bank of America lifted their target price on Whirlpool from $101.00 to $103.00 and gave the company an “underperform” rating in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. upped their price target on Whirlpool from $103.00 to $109.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 29th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $106.50.

Insider Transactions at Whirlpool

In related news, CFO James W. Peters sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $104.48, for a total value of $626,880.00. Following the completion of the transaction, 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 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Whirlpool news, CFO James W. Peters sold 6,000 shares of the business’s 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 sale, the chief financial officer now directly owns 41,570 shares in the company, valued at approximately $4,343,233.60. 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 can be accessed through this link. Also, EVP Juan Carlos Puente sold 3,266 shares of the company’s stock in a transaction 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 $1,907,000. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.05% of the company’s stock.

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.