Whirlpool Co. (NYSE:WHR) Shares Bought by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. grew its position in shares of Whirlpool Co. (NYSE:WHR) by 38.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,043 shares of the company’s stock after acquiring an additional 3,640 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Whirlpool were worth $1,396,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WHR. Dimensional Fund Advisors LP increased its stake 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 acquiring an additional 312,729 shares during the last quarter. RWWM Inc. purchased a new stake in shares of Whirlpool in the second quarter worth about $30,174,000. Newport Trust Company LLC boosted its position 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 worth $143,381,000 after buying an additional 269,976 shares during the period. AQR Capital Management LLC boosted its position 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 worth $38,125,000 after buying an additional 265,418 shares during the period. Finally, Deprince Race & Zollo Inc. boosted its position in shares of Whirlpool by 84.4% in the second quarter. Deprince Race & Zollo Inc. now owns 532,466 shares of the company’s stock worth $54,418,000 after buying 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 0.8 %

Shares of WHR opened at $111.39 on Tuesday. The company has a market capitalization of $6.14 billion, a P/E ratio of 11.07 and a beta of 1.44. Whirlpool Co. has a one year low of $84.18 and a one year 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. The stock has a 50-day moving average price of $104.48 and a 200 day moving average price of $99.26.

Whirlpool (NYSE:WHR) last released its earnings results on Wednesday, October 23rd. The company reported $3.43 EPS for the quarter, topping analysts’ consensus estimates of $2.99 by $0.44. Whirlpool had a return on equity of 21.41% and a net margin of 3.19%. The company had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter last year, the business posted $5.45 EPS. Whirlpool’s quarterly revenue was down 18.9% compared to the same quarter last year. Sell-side analysts forecast that Whirlpool Co. will post 12.27 EPS for the current fiscal year.

Whirlpool Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Friday, November 15th will be issued a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a yield of 6.28%. The ex-dividend date of this dividend is Friday, November 15th. Whirlpool’s dividend payout ratio is presently 69.03%.

Wall Street Analyst Weigh In

WHR has been the subject of several analyst reports. Bank of America upped their target price on 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. increased their price target on Whirlpool from $103.00 to $109.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. Finally, Royal Bank of Canada reduced their price target on Whirlpool from $76.00 to $74.00 and set an “underperform” rating for the company in a report 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 company’s stock. According to MarketBeat, Whirlpool presently has an average rating of “Hold” and a consensus target price of $106.50.

Insiders Place Their Bets

In other news, EVP Juan Carlos Puente sold 3,266 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $100.00, for a total transaction of $326,600.00. Following the sale, the executive vice president now directly owns 19,070 shares in the company, valued at approximately $1,907,000. This represents a 14.62 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO James W. Peters sold 6,000 shares of the 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 sale, the chief financial officer now owns 41,570 shares in the company, valued at $4,343,233.60. The trade was 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 currently owned by company 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.