Quantinno Capital Management LP Invests $449,000 in Whirlpool Co. (NYSE:WHR)

Quantinno Capital Management LP purchased a new stake in shares of Whirlpool Co. (NYSE:WHR) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,197 shares of the company’s stock, valued at approximately $449,000.

A number of other hedge funds also recently added to or reduced their stakes in the company. Sigma Planning Corp increased its holdings in shares of Whirlpool by 6.4% in the 3rd quarter. Sigma Planning Corp now owns 2,170 shares of the company’s stock worth $232,000 after purchasing an additional 130 shares in the last quarter. Dakota Wealth Management increased its holdings in Whirlpool by 2.0% in the 3rd quarter. Dakota Wealth Management now owns 7,395 shares of the company’s stock worth $791,000 after buying an additional 145 shares in the last quarter. Moors & Cabot Inc. raised its position in Whirlpool by 2.2% in the 3rd quarter. Moors & Cabot Inc. now owns 6,979 shares of the company’s stock worth $747,000 after buying an additional 150 shares during the last quarter. Arizona State Retirement System raised its position in 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. Finally, Verdence Capital Advisors LLC boosted its holdings in shares of Whirlpool by 5.1% during the 3rd quarter. Verdence Capital Advisors LLC now owns 3,565 shares of the company’s stock valued at $381,000 after acquiring an additional 173 shares during the last quarter. 90.78% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related 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 value of $626,880.00. Following the transaction, the chief financial officer now directly 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.05% of the company’s stock.

Whirlpool Trading Down 0.5 %

Shares of Whirlpool stock opened at $122.83 on Friday. Whirlpool Co. has a 1-year low of $84.18 and a 1-year high of $126.30. The company’s fifty day simple moving average is $109.50 and its 200-day simple moving average is $102.24. 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 stock has a market capitalization of $6.77 billion, a PE ratio of 12.11 and a beta of 1.46.

Whirlpool (NYSE:WHR) last released its earnings results on Wednesday, October 23rd. The company reported $3.43 earnings per share for the quarter, beating the consensus estimate 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 period in the previous year, the business earned $5.45 earnings per share. Whirlpool’s quarterly revenue was down 18.9% compared to the same quarter last year. As a group, equities analysts anticipate that Whirlpool Co. will post 12.27 earnings per share for the current year.

Whirlpool Announces Dividend

The company also recently declared 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 annualized dividend and a yield of 5.70%. The ex-dividend date is Friday, November 15th. Whirlpool’s dividend payout ratio is currently 69.03%.

Analyst Ratings Changes

Several research analysts have recently weighed in on WHR shares. JPMorgan Chase & Co. boosted their price objective on shares of Whirlpool from $103.00 to $109.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. Royal Bank of Canada decreased their target price on shares of Whirlpool from $76.00 to $74.00 and set an “underperform” rating for the company in a research note on Friday, October 25th. Finally, Bank of America upped their price objective on Whirlpool from $101.00 to $103.00 and gave the company an “underperform” rating in a research 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 issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $106.50.

Whirlpool Company 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.