Cresset Asset Management LLC Sells 1,858 Shares of Whirlpool Corporation $WHR

Cresset Asset Management LLC decreased its stake in Whirlpool Corporation (NYSE:WHR) by 28.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,616 shares of the company’s stock after selling 1,858 shares during the period. Cresset Asset Management LLC’s holdings in Whirlpool were worth $416,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. UMB Bank n.a. lifted its stake 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 purchasing an additional 129 shares during the last quarter. Linden Thomas Advisory Services LLC lifted its stake in Whirlpool by 3.7% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 4,184 shares of the company’s stock valued at $377,000 after purchasing an additional 149 shares during the last quarter. TD Waterhouse Canada Inc. lifted its stake in Whirlpool by 120.7% in the 4th quarter. TD Waterhouse Canada Inc. now owns 320 shares of the company’s stock valued at $37,000 after purchasing an additional 175 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in Whirlpool by 3.0% in the 1st quarter. State of Alaska Department of Revenue now owns 6,487 shares of the company’s stock valued at $584,000 after purchasing an additional 190 shares during the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. lifted its stake in Whirlpool by 4.5% in the 4th quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 4,600 shares of the company’s stock valued at $527,000 after purchasing an additional 197 shares during the last quarter. Institutional investors own 90.78% of the company’s stock.

Whirlpool Trading Up 6.2%

Shares of WHR stock opened at $93.6580 on Monday. The firm has a 50 day moving average price of $94.55 and a two-hundred day moving average price of $89.92. The company has a quick ratio of 0.46, a current ratio of 0.85 and a debt-to-equity ratio of 2.39. The company has a market capitalization of $5.23 billion, a PE ratio of -35.34 and a beta of 1.17. Whirlpool Corporation has a 12-month low of $73.72 and a 12-month high of $135.49.

Whirlpool (NYSE:WHR) last issued its quarterly earnings data on Monday, July 28th. The company reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.54 by ($0.20). The company 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 company’s revenue was down 5.4% on a year-over-year basis. During the same quarter last year, the business earned $2.39 earnings per share. Whirlpool has set its FY 2025 guidance at 6.000-8.000 EPS. As a group, analysts predict that Whirlpool Corporation will post 9.52 earnings per share for the current year.

Whirlpool Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.8%. Whirlpool’s payout ratio is -264.15%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on WHR. Loop Capital reiterated a “hold” rating and issued a $88.00 target price on shares of Whirlpool in a research note on Monday, August 4th. JPMorgan Chase & Co. cut their target price on shares of Whirlpool from $109.00 to $89.00 and set a “neutral” rating for the company in a research note on Monday, April 28th. Royal Bank Of Canada cut their target price on shares of Whirlpool from $65.00 to $63.00 and set an “underperform” rating for the company in a research note on Wednesday, July 30th. Wall Street Zen downgraded shares of Whirlpool from a “hold” rating to a “sell” rating in a research note on Saturday, July 26th. Finally, Longbow Research upgraded shares of Whirlpool from a “neutral” rating to a “buy” rating and set a $145.00 price objective for the company in a research report on Monday, June 30th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Whirlpool has an average rating of “Hold” and an average price target of $98.83.

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.