Maryland State Retirement & Pension System Reduces Position in Whirlpool Corporation $WHR

Maryland State Retirement & Pension System reduced its holdings in Whirlpool Corporation (NYSE:WHR) by 18.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,473 shares of the company’s stock after selling 558 shares during the period. Maryland State Retirement & Pension System’s holdings in Whirlpool were worth $223,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of WHR. TD Waterhouse Canada Inc. boosted its position in Whirlpool by 120.7% during the fourth quarter. TD Waterhouse Canada Inc. now owns 320 shares of the company’s stock worth $37,000 after purchasing an additional 175 shares in the last quarter. Cheviot Value Management LLC acquired a new position in shares of Whirlpool during the 1st quarter worth approximately $36,000. UMB Bank n.a. grew its holdings in Whirlpool by 40.4% in the 1st quarter. UMB Bank n.a. now owns 448 shares of the company’s stock valued at $40,000 after buying an additional 129 shares in the last quarter. Anderson Financial Strategies LLC acquired a new stake in Whirlpool during the fourth quarter worth about $54,000. Finally, GeoWealth Management LLC increased its holdings in shares of Whirlpool by 49.1% during the 4th quarter. GeoWealth Management LLC now owns 495 shares of the company’s stock worth $57,000 after buying an additional 163 shares during the last quarter. 90.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on WHR. Bank of America reaffirmed an “underperform” rating and set a $70.00 price objective (down previously from $100.00) on shares of Whirlpool in a research report on Tuesday, July 29th. Wall Street Zen cut shares of Whirlpool from a “hold” rating to a “sell” rating in a research report on Saturday, July 26th. Loop Capital reiterated a “hold” rating and issued a $88.00 price target on shares of Whirlpool in a research note on Monday, August 4th. JPMorgan Chase & Co. decreased their target price on Whirlpool from $109.00 to $89.00 and set a “neutral” rating for the company in a research report on Monday, April 28th. Finally, Longbow Research upgraded shares of Whirlpool from a “neutral” rating to a “buy” rating and set a $145.00 price objective on the stock in a research note on Monday, June 30th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Whirlpool has a consensus rating of “Hold” and an average target price of $98.83.

Whirlpool Stock Up 1.6%

WHR opened at $89.5330 on Wednesday. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.85 and a quick ratio of 0.46. The stock has a market capitalization of $5.00 billion, a price-to-earnings ratio of -33.79 and a beta of 1.17. Whirlpool Corporation has a 12 month low of $73.72 and a 12 month high of $135.49. The business has a 50-day moving average of $94.48 and a two-hundred day moving average of $90.25.

Whirlpool (NYSE:WHR) last posted its earnings results on Monday, July 28th. The company reported $1.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.20). The business had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.88 billion. Whirlpool had a positive return on equity of 20.81% and a negative net margin of 0.95%.The firm’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same period last year, the company posted $2.39 EPS. Whirlpool has set its FY 2025 guidance at 6.000-8.000 EPS. On average, research analysts expect that Whirlpool Corporation will post 9.52 earnings per share for the current year.

Whirlpool Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 4.0%. Whirlpool’s payout ratio is currently -264.15%.

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.