Friedenthal Financial Takes $50,000 Position in Whirlpool Co. (NYSE:WHR)

Friedenthal Financial bought a new position in shares of Whirlpool Co. (NYSE:WHR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 438 shares of the company’s stock, valued at approximately $50,000.

Other large investors have also made changes to their positions in the company. Westside Investment Management Inc. raised its position in shares of Whirlpool by 4.5% during the 3rd quarter. Westside Investment Management Inc. now owns 2,345 shares of the company’s stock valued at $251,000 after acquiring an additional 100 shares during the last quarter. Tidal Investments LLC grew its stake in shares of Whirlpool by 4.2% during the third quarter. Tidal Investments LLC now owns 3,151 shares of the company’s stock worth $337,000 after purchasing an additional 128 shares during the period. Sigma Planning Corp increased its holdings 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 purchasing an additional 130 shares during the last quarter. Dakota Wealth Management lifted its stake in Whirlpool by 2.0% in the third quarter. Dakota Wealth Management now owns 7,395 shares of the company’s stock valued at $791,000 after buying an additional 145 shares during the period. Finally, Moors & Cabot Inc. boosted its holdings in Whirlpool by 2.2% during the third 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. Institutional investors and hedge funds own 90.78% of the company’s stock.

Insiders Place Their Bets

In other news, CFO James W. Peters sold 6,000 shares of the stock in a transaction dated 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 represents a 12.61 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 2.05% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on WHR shares. StockNews.com cut Whirlpool from a “hold” rating to a “sell” rating in a research note on Monday. JPMorgan Chase & Co. increased 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. Royal Bank of Canada decreased their price target on shares of Whirlpool from $76.00 to $74.00 and set an “underperform” rating for the company in a report on Friday, October 25th. Finally, Bank of America raised their price objective on Whirlpool from $101.00 to $103.00 and gave the stock an “underperform” rating in a research note on Friday, October 25th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Whirlpool presently has an average rating of “Hold” and an average price target of $106.50.

Whirlpool Stock Up 2.3 %

Shares of WHR stock opened at $120.71 on Tuesday. Whirlpool Co. has a 12-month low of $84.18 and a 12-month high of $126.30. The company has a quick ratio of 0.55, a current ratio of 0.94 and a debt-to-equity ratio of 1.94. The firm has a fifty day moving average of $114.43 and a 200-day moving average of $106.10. The company has a market capitalization of $6.66 billion, a price-to-earnings ratio of 11.90 and a beta of 1.44.

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

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.