Crossmark Global Holdings Inc. Purchases 412 Shares of Whirlpool Co. (NYSE:WHR)

Crossmark Global Holdings Inc. boosted its holdings in shares of Whirlpool Co. (NYSE:WHR) by 13.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,583 shares of the company’s stock after purchasing an additional 412 shares during the period. Crossmark Global Holdings Inc.’s holdings in Whirlpool were worth $384,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Sigma Planning Corp boosted its stake in Whirlpool by 6.4% in the third quarter. Sigma Planning Corp now owns 2,170 shares of the company’s stock valued at $232,000 after buying an additional 130 shares in the last quarter. Dakota Wealth Management increased its position in Whirlpool by 2.0% during the 3rd quarter. Dakota Wealth Management now owns 7,395 shares of the company’s stock worth $791,000 after purchasing an additional 145 shares in the last quarter. Arizona State Retirement System boosted its position in Whirlpool by 1.1% in the second quarter. Arizona State Retirement System now owns 15,247 shares of the company’s stock valued at $1,558,000 after buying an additional 172 shares in the last quarter. Verdence Capital Advisors LLC grew its stake in shares of Whirlpool by 5.1% during the third quarter. Verdence Capital Advisors LLC now owns 3,565 shares of the company’s stock worth $381,000 after buying an additional 173 shares during the last quarter. Finally, UMB Bank n.a. increased its holdings in shares of Whirlpool by 80.6% during the second quarter. UMB Bank n.a. now owns 428 shares of the company’s stock worth $44,000 after buying an additional 191 shares in the last quarter. Institutional investors and hedge funds own 90.78% of the company’s stock.

Analysts Set New Price Targets

WHR has been the topic of a number of research reports. Bank of America boosted their price objective 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. raised 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. Finally, Royal Bank of Canada reduced their target price on shares of Whirlpool from $76.00 to $74.00 and set an “underperform” rating on the stock 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 data from MarketBeat.com, Whirlpool presently has a consensus rating of “Hold” and a consensus price target of $106.50.

Whirlpool Price Performance

Whirlpool stock opened at $112.30 on Monday. The stock’s 50 day moving average is $104.48 and its 200 day moving average is $99.22. Whirlpool Co. has a one year low of $84.18 and a one year high of $125.68. The firm has a market cap of $6.19 billion, a P/E ratio of 11.07 and a beta of 1.44. The company has a debt-to-equity ratio of 1.94, a current ratio of 0.94 and a quick ratio of 0.55.

Whirlpool (NYSE:WHR) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported $3.43 earnings per share for the quarter, topping 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 company had revenue of $3.99 billion during the quarter, compared to analysts’ expectations of $4.09 billion. During the same period in the prior year, the company posted $5.45 earnings per share. Whirlpool’s revenue for the quarter was down 18.9% compared to the same quarter last year. As a group, research analysts expect that Whirlpool Co. will post 12.27 EPS for the current year.

Whirlpool Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Friday, November 15th will be paid a dividend of $1.75 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $7.00 annualized dividend and a yield of 6.23%. Whirlpool’s dividend payout ratio is currently 69.03%.

Insiders Place Their Bets

In other news, EVP Juan Carlos Puente sold 3,266 shares of the business’s 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 completion of the sale, the executive vice president now owns 19,070 shares in the company, valued at $1,907,000. The trade was a 14.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO James W. Peters sold 6,000 shares of the firm’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 completion of the transaction, the chief financial officer now directly owns 41,570 shares in the company, valued at $4,343,233.60. This trade represents 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 corporate insiders.

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.