HighTower Advisors LLC Has $110.57 Million Holdings in Whirlpool Co. (NYSE:WHR)

HighTower Advisors LLC grew its holdings in Whirlpool Co. (NYSE:WHR) by 1.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,033,263 shares of the company’s stock after purchasing an additional 18,936 shares during the period. HighTower Advisors LLC’s holdings in Whirlpool were worth $110,567,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in WHR. Primecap Management Co. CA grew its stake in shares of Whirlpool by 1.8% in the second quarter. Primecap Management Co. CA now owns 4,858,250 shares of the company’s stock valued at $496,513,000 after buying an additional 84,574 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Whirlpool by 14.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,019,569 shares of the company’s stock valued at $216,094,000 after buying an additional 258,871 shares in the last quarter. Newport Trust Company LLC grew 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 buying an additional 269,976 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Whirlpool by 46.8% during the second quarter. Dimensional Fund Advisors LP now owns 981,472 shares of the company’s stock worth $100,304,000 after purchasing an additional 312,729 shares during the period. Finally, Deprince Race & Zollo Inc. boosted its position in Whirlpool by 84.4% during the second quarter. Deprince Race & Zollo Inc. now owns 532,466 shares of the company’s stock worth $54,418,000 after purchasing an additional 243,743 shares during the period. 90.78% of the stock is currently owned by institutional investors and hedge funds.

Whirlpool Trading Down 0.3 %

Shares of Whirlpool stock opened at $110.39 on Wednesday. The firm has a 50-day moving average of $107.40 and a 200-day moving average of $100.71. The stock has a market cap of $6.09 billion, a PE ratio of 10.89 and a beta of 1.46. Whirlpool Co. has a 52-week low of $84.18 and a 52-week high of $125.68. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.55 and a current ratio of 0.94.

Whirlpool (NYSE:WHR) last announced its earnings results on Wednesday, October 23rd. The company reported $3.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.99 by $0.44. The company had revenue of $3.99 billion during the quarter, compared to analysts’ expectations of $4.09 billion. Whirlpool had a net margin of 3.19% and a return on equity of 21.41%. Whirlpool’s quarterly revenue was down 18.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $5.45 earnings per share. As a group, sell-side analysts forecast that Whirlpool Co. will post 12.27 EPS for the current year.

Whirlpool Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Investors 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 yield of 6.34%. The ex-dividend date is Friday, November 15th. Whirlpool’s dividend payout ratio (DPR) is presently 69.03%.

Wall Street Analysts Forecast Growth

WHR has been the subject of a number of research analyst reports. Bank of America lifted their price objective on shares of Whirlpool from $101.00 to $103.00 and gave the stock an “underperform” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. lifted their price objective 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. Finally, 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 report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Whirlpool currently has a consensus rating of “Hold” and a consensus target price of $106.50.

Insider Activity at Whirlpool

In other Whirlpool news, CFO James W. Peters sold 6,000 shares of the business’s 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 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. The trade was a 12.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.05% of the stock is owned by insiders.

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.