Whirlpool Co. (NYSE:WHR) Shares Bought by abrdn plc

abrdn plc boosted its holdings in shares of Whirlpool Co. (NYSE:WHR) by 35.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,898 shares of the company’s stock after purchasing an additional 7,343 shares during the period. abrdn plc’s holdings in Whirlpool were worth $3,397,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Whirlpool by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 6,536,414 shares of the company’s stock valued at $873,919,000 after acquiring an additional 25,740 shares during the last quarter. Boston Partners boosted its stake in Whirlpool by 59.7% in the 3rd quarter. Boston Partners now owns 2,473,047 shares of the company’s stock worth $328,804,000 after purchasing an additional 924,128 shares during the period. Invesco Ltd. grew its position in Whirlpool by 38.3% during the 3rd quarter. Invesco Ltd. now owns 1,954,344 shares of the company’s stock worth $261,296,000 after purchasing an additional 541,219 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Whirlpool by 3.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,410,726 shares of the company’s stock valued at $188,614,000 after purchasing an additional 46,720 shares during the period. Finally, International Assets Investment Management LLC lifted its holdings in shares of Whirlpool by 3,554.4% in the fourth quarter. International Assets Investment Management LLC now owns 1,382,430 shares of the company’s stock valued at $168,339,000 after purchasing an additional 1,344,601 shares in the last quarter. 90.78% of the stock is currently owned by institutional investors.

Whirlpool Trading Down 0.4 %

Shares of NYSE WHR opened at $94.60 on Monday. The business has a 50 day simple moving average of $109.14 and a 200 day simple moving average of $112.57. Whirlpool Co. has a 52 week low of $91.90 and a 52 week high of $160.62. The stock has a market cap of $5.17 billion, a price-to-earnings ratio of 13.03 and a beta of 1.48. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.58 and a current ratio of 0.95.

Whirlpool (NYSE:WHR) last posted its earnings results on Wednesday, April 24th. The company reported $1.78 EPS for the quarter, topping the consensus estimate of $1.61 by $0.17. The company had revenue of $4.49 billion during the quarter, compared to the consensus estimate of $4.42 billion. Whirlpool had a net margin of 2.07% and a return on equity of 35.16%. The company’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.66 earnings per share. On average, research analysts predict that Whirlpool Co. will post 13.3 earnings per share for the current fiscal year.

Whirlpool Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Saturday, June 15th. Shareholders of record on Friday, May 17th will be issued a dividend of $1.75 per share. The ex-dividend date is Thursday, May 16th. This represents a $7.00 annualized dividend and a yield of 7.40%. Whirlpool’s dividend payout ratio (DPR) is currently 96.42%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on WHR. TheStreet raised Whirlpool from a “d+” rating to a “c+” rating in a research report on Monday, January 29th. JPMorgan Chase & Co. dropped their target price on Whirlpool from $120.00 to $111.00 and set a “neutral” rating on the stock in a report on Friday, February 2nd. Loop Capital began coverage on shares of Whirlpool in a research report on Thursday, February 22nd. They issued a “buy” rating and a $140.00 price target for the company. StockNews.com downgraded shares of Whirlpool from a “buy” rating to a “hold” rating in a research report on Friday. Finally, Royal Bank of Canada decreased their target price on shares of Whirlpool from $85.00 to $79.00 and set an “underperform” rating for the company in a research note on Friday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $113.40.

Whirlpool 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.