Keynote Financial Services LLC Acquires 890 Shares of Whirlpool Co. (NYSE:WHR)

Keynote Financial Services LLC boosted its stake in shares of Whirlpool Co. (NYSE:WHR) by 19.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,436 shares of the company’s stock after buying an additional 890 shares during the period. Keynote Financial Services LLC’s holdings in Whirlpool were worth $582,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Private Advisor Group LLC boosted its position in Whirlpool by 2.6% during the first quarter. Private Advisor Group LLC now owns 5,006 shares of the company’s stock valued at $599,000 after purchasing an additional 125 shares in the last quarter. Dakota Wealth Management boosted its holdings in shares of Whirlpool by 2.0% in the 3rd quarter. Dakota Wealth Management now owns 7,395 shares of the company’s stock valued at $791,000 after buying an additional 145 shares in the last quarter. Arizona State Retirement System grew its position in shares of Whirlpool by 1.1% in the 2nd quarter. Arizona State Retirement System now owns 15,247 shares of the company’s stock worth $1,558,000 after buying an additional 172 shares during the last quarter. UMB Bank n.a. raised its stake in shares of Whirlpool by 80.6% during the 2nd quarter. UMB Bank n.a. now owns 428 shares of the company’s stock worth $44,000 after acquiring an additional 191 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in Whirlpool by 69.1% during the third quarter. Blue Trust Inc. now owns 492 shares of the company’s stock valued at $50,000 after acquiring an additional 201 shares during the last quarter. Institutional investors own 90.78% of the company’s stock.

Insider Transactions at Whirlpool

In related news, CFO James W. Peters sold 6,000 shares of the business’s stock in a transaction 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 transaction, the chief financial officer now directly owns 41,570 shares in the company, valued at $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 SEC, which is available at this hyperlink. In other 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 sale, the executive vice president now 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO James W. Peters sold 6,000 shares of the business’s stock in a transaction 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 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 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.05% of the company’s stock.

Whirlpool Stock Performance

Shares of WHR stock opened at $108.78 on Friday. The business has a fifty day moving average of $102.85 and a 200 day moving average of $98.70. 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 firm has a market capitalization of $6.00 billion, a price-to-earnings ratio of 10.73 and a beta of 1.44.

Whirlpool (NYSE:WHR) last announced its quarterly earnings data 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 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 for the quarter was down 18.9% compared to the same quarter last year. During the same period last year, the business posted $5.45 earnings per share. As a group, research analysts expect that Whirlpool Co. will post 12.27 earnings per share for the current year.

Whirlpool Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Friday, November 15th will be issued a $1.75 dividend. This represents a $7.00 annualized dividend and a dividend yield of 6.44%. The ex-dividend date of this dividend is Friday, November 15th. Whirlpool’s dividend payout ratio (DPR) is currently 69.03%.

Wall Street Analyst Weigh In

WHR has been the topic of a number of recent analyst reports. 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 report on Tuesday, October 29th. Royal Bank of Canada dropped their target price on Whirlpool from $76.00 to $74.00 and set an “underperform” rating on the stock in a research note on Friday, October 25th. Finally, Bank of America increased their price target on 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 given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $106.50.

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.