Whirlpool Co. (NYSE:WHR) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC lifted its position in Whirlpool Co. (NYSE:WHR) by 1.3% during the third quarter, HoldingsChannel.com reports. The fund owned 903,166 shares of the company’s stock after acquiring an additional 11,766 shares during the period. Geode Capital Management LLC’s holdings in Whirlpool were worth $96,664,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Stifel Financial Corp boosted its stake in Whirlpool by 1.4% during the 3rd quarter. Stifel Financial Corp now owns 440,175 shares of the company’s stock worth $47,099,000 after purchasing an additional 6,049 shares during the last quarter. HighTower Advisors LLC boosted its position in Whirlpool by 1.9% during the third quarter. HighTower Advisors LLC now owns 1,033,263 shares of the company’s stock worth $110,567,000 after acquiring an additional 18,936 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in 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 in the last quarter. Evergreen Capital Management LLC raised its holdings in Whirlpool by 41.5% in the 2nd quarter. Evergreen Capital Management LLC now owns 43,261 shares of the company’s stock valued at $4,421,000 after acquiring an additional 12,697 shares during the last quarter. Finally, State Street Corp lifted its stake in Whirlpool by 1.0% in the 3rd quarter. State Street Corp now owns 1,650,386 shares of the company’s stock worth $176,591,000 after purchasing an additional 15,752 shares in the last quarter. 90.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In related news, CFO James W. Peters sold 6,000 shares of the stock in a transaction dated Monday, October 28th. The stock was 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 of the company’s stock, valued at approximately $4,343,233.60. This represents a 12.61 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.05% of the stock is currently owned by corporate insiders.

Whirlpool Trading Down 4.0 %

Shares of Whirlpool stock opened at $115.44 on Thursday. The stock has a 50 day moving average of $110.42 and a 200 day moving average of $102.97. 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 firm has a market capitalization of $6.37 billion, a price-to-earnings ratio of 11.38 and a beta of 1.46. Whirlpool Co. has a fifty-two week low of $84.18 and a fifty-two week high of $126.30.

Whirlpool (NYSE:WHR) last released 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. The business had revenue of $3.99 billion during the quarter, compared to analysts’ expectations of $4.09 billion. Whirlpool had a return on equity of 21.41% and a net margin of 3.19%. The company’s revenue was down 18.9% compared to the same quarter last year. During the same period in the prior year, the business posted $5.45 EPS. As a group, research analysts predict that Whirlpool Co. will post 12.27 earnings per share for the current year.

Whirlpool Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, December 15th. Stockholders of record on Friday, November 15th were issued a $1.75 dividend. The ex-dividend date was Friday, November 15th. This represents a $7.00 annualized dividend and a dividend yield of 6.06%. Whirlpool’s dividend payout ratio is currently 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.