Janney Montgomery Scott LLC Purchases 3,056 Shares of Whirlpool Co. (NYSE:WHR)

Janney Montgomery Scott LLC increased its holdings in Whirlpool Co. (NYSE:WHR) by 8.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,883 shares of the company’s stock after buying an additional 3,056 shares during the quarter. Janney Montgomery Scott LLC owned 0.07% of Whirlpool worth $4,268,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Private Advisor Group LLC grew its position in shares of Whirlpool by 2.6% during the 1st quarter. Private Advisor Group LLC now owns 5,006 shares of the company’s stock valued at $599,000 after acquiring an additional 125 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in Whirlpool by 16.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 24,957 shares of the company’s stock worth $3,026,000 after buying an additional 3,513 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in shares of Whirlpool by 19.1% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 3,869 shares of the company’s stock worth $463,000 after buying an additional 621 shares during the period. Empowered Funds LLC purchased a new position in shares of Whirlpool during the 1st quarter valued at about $1,054,000. Finally, Oppenheimer & Co. Inc. grew its stake in shares of Whirlpool by 18.3% during the 1st quarter. Oppenheimer & Co. Inc. now owns 3,076 shares of the company’s stock valued at $368,000 after acquiring an additional 475 shares during the period. 90.78% of the stock is currently owned by institutional investors.

Insider Activity at Whirlpool

In related news, CFO James W. Peters sold 6,000 shares of the company’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 sale, the chief financial officer now owns 41,570 shares of the company’s stock, valued at $4,343,233.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Whirlpool news, 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 sale, the chief financial officer now directly owns 41,570 shares of the company’s stock, valued at $4,343,233.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 value of $326,600.00. Following the completion of the sale, the executive vice president now directly owns 19,070 shares of the company’s stock, valued at $1,907,000. The trade was a 0.00 % 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 insiders.

Whirlpool Price Performance

Shares of NYSE:WHR opened at $110.51 on Friday. The firm has a market cap of $6.09 billion, a price-to-earnings ratio of 10.90 and a beta of 1.44. The firm has a fifty day moving average price of $103.05 and a 200 day moving average price of $98.68. Whirlpool Co. has a fifty-two week low of $84.18 and a fifty-two 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 released its quarterly earnings data on Wednesday, October 23rd. The company reported $3.43 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $4.09 billion. During the same quarter in the prior year, the firm earned $5.45 EPS. The business’s revenue was down 18.9% on a year-over-year basis. As a group, sell-side analysts expect that Whirlpool Co. will post 12.27 earnings per share for the current fiscal year.

Whirlpool Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Friday, November 15th will be given a dividend of $1.75 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 6.33%. Whirlpool’s dividend payout ratio is currently 69.03%.

Wall Street Analyst Weigh In

A number of research firms have commented on WHR. Bank of America raised their target price on shares of Whirlpool from $101.00 to $103.00 and gave the stock an “underperform” rating in a research note on Friday, October 25th. Royal Bank of Canada decreased their price objective on shares of Whirlpool from $76.00 to $74.00 and set an “underperform” rating on the stock in a research report on Friday, October 25th. Finally, JPMorgan Chase & Co. upped their target price on shares of Whirlpool from $103.00 to $109.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Two 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, the stock has a consensus rating of “Hold” and an average price target of $106.50.

About Whirlpool

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.