Whirlpool Co. (NYSE:WHR) Shares Bought by True Wealth Design LLC

True Wealth Design LLC increased its position in Whirlpool Co. (NYSE:WHR) by 545.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 355 shares of the company’s stock after buying an additional 300 shares during the quarter. True Wealth Design LLC’s holdings in Whirlpool were worth $38,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of WHR. Dimensional Fund Advisors LP lifted its holdings in 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 acquiring an additional 312,729 shares during the last quarter. RWWM Inc. bought a new stake in Whirlpool during the second quarter worth approximately $30,174,000. Newport Trust Company LLC grew its position in Whirlpool by 23.8% in the second quarter. Newport Trust Company LLC now owns 1,402,941 shares of the company’s stock worth $143,381,000 after buying an additional 269,976 shares during the last quarter. AQR Capital Management LLC increased its holdings in shares of Whirlpool by 240.9% in the second quarter. AQR Capital Management LLC now owns 375,613 shares of the company’s stock valued at $38,125,000 after buying an additional 265,418 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Whirlpool by 14.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,019,569 shares of the company’s stock valued at $216,094,000 after acquiring an additional 258,871 shares during the last quarter. Institutional investors own 90.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Royal Bank of Canada decreased their target price on Whirlpool from $76.00 to $74.00 and set an “underperform” rating on the stock in a report on Friday, October 25th. JPMorgan Chase & Co. lifted 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. Finally, Bank of America upped 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. 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 stock. Based on data from MarketBeat.com, Whirlpool has an average rating of “Hold” and a consensus price target of $106.50.

Insider Buying and Selling

In related news, EVP Juan Carlos Puente sold 3,266 shares of the firm’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 transaction of $326,600.00. Following the transaction, the executive vice president now owns 19,070 shares of the company’s stock, valued at approximately $1,907,000. This trade represents a 14.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 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 represents 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 corporate insiders.

Whirlpool Stock Down 0.3 %

NYSE:WHR opened at $111.42 on Monday. Whirlpool Co. has a 1-year low of $84.18 and a 1-year high of $125.68. The firm has a market capitalization of $6.14 billion, a price-to-earnings ratio of 10.99 and a beta of 1.46. The company has a current ratio of 0.94, a quick ratio of 0.55 and a debt-to-equity ratio of 1.94. The business’s fifty day moving average price is $107.09 and its 200 day moving average price is $100.44.

Whirlpool (NYSE:WHR) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $3.43 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $4.09 billion. During the same period in the prior year, the firm earned $5.45 earnings per share. The firm’s revenue was down 18.9% compared to the same quarter last year. On average, sell-side analysts forecast that Whirlpool Co. will post 12.27 earnings per share for the current fiscal year.

Whirlpool Dividend Announcement

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 paid a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a dividend yield of 6.28%. The ex-dividend date is Friday, November 15th. Whirlpool’s dividend payout ratio (DPR) is presently 69.03%.

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.