Sheaff Brock Investment Advisors LLC Takes Position in Whirlpool Co. (WHR)

Sheaff Brock Investment Advisors LLC bought a new position in shares of Whirlpool Co. (NYSE:WHR) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 31,679 shares of the company’s stock, valued at approximately $5,843,000.

A number of other large investors also recently made changes to their positions in WHR. Strs Ohio raised its position in Whirlpool by 4.6% during the 2nd quarter. Strs Ohio now owns 4,073 shares of the company’s stock worth $780,000 after purchasing an additional 179 shares during the last quarter. Harbour Capital Advisors LLC raised its position in shares of Whirlpool by 16,573.5% in the 2nd quarter. Harbour Capital Advisors LLC now owns 64,193 shares of the company’s stock worth $335,000 after acquiring an additional 63,808 shares in the last quarter. CIBC Asset Management Inc raised its position in shares of Whirlpool by 0.3% in the 2nd quarter. CIBC Asset Management Inc now owns 7,118 shares of the company’s stock worth $1,364,000 after acquiring an additional 21 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. bought a new position in shares of Whirlpool in the 2nd quarter worth about $206,000. Finally, Sei Investments Co. increased its position in Whirlpool by 42.3% in the 2nd quarter. Sei Investments Co. now owns 10,800 shares of the company’s stock valued at $2,070,000 after buying an additional 3,213 shares in the last quarter. 92.74% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have issued reports on the company. ValuEngine upgraded Whirlpool from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Zacks Investment Research upgraded Whirlpool from a “sell” rating to a “hold” rating in a research note on Thursday, October 5th. Credit Suisse Group set a $187.00 price target on Whirlpool and gave the company a “neutral” rating in a research note on Tuesday, October 24th. Royal Bank Of Canada downgraded Whirlpool from a “top pick” rating to a “sector perform” rating and cut their price target for the company from $209.00 to $184.00 in a research note on Tuesday, October 24th. Finally, MKM Partners set a $177.00 price target on Whirlpool and gave the company a “hold” rating in a research note on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $183.60.

Shares of Whirlpool Co. (WHR) traded down $1.11 during midday trading on Monday, hitting $167.46. The stock had a trading volume of 776,800 shares, compared to its average volume of 851,839. Whirlpool Co. has a 12-month low of $158.80 and a 12-month high of $202.99. The stock has a market cap of $12,039.89, a P/E ratio of 11.96, a PEG ratio of 1.69 and a beta of 1.88. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.90 and a quick ratio of 0.55.

Whirlpool (NYSE:WHR) last posted its quarterly earnings results on Monday, October 23rd. The company reported $3.83 EPS for the quarter, missing analysts’ consensus estimates of $3.90 by ($0.07). Whirlpool had a return on equity of 18.45% and a net margin of 3.76%. The company had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $5.50 billion. During the same period last year, the firm posted $3.66 EPS. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. research analysts expect that Whirlpool Co. will post 13.7 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 17th will be issued a $1.10 dividend. The ex-dividend date is Thursday, November 16th. This represents a $4.40 annualized dividend and a dividend yield of 2.63%. Whirlpool’s payout ratio is currently 41.47%.

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About Whirlpool

Whirlpool Corporation is a manufacturer and marketer of home appliances. The Company’s segments include North America; Europe, Middle East and Africa (EMEA); Latin America, and Asia. In North America, the Company markets and distributes home appliances and small domestic appliances under a range of brand names.

Institutional Ownership by Quarter for Whirlpool (NYSE:WHR)

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