Jacobi Capital Management LLC Acquires 366 Shares of Whirlpool Corporation $WHR

Jacobi Capital Management LLC boosted its stake in Whirlpool Corporation (NYSE:WHR) by 11.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,676 shares of the company’s stock after purchasing an additional 366 shares during the quarter. Jacobi Capital Management LLC’s holdings in Whirlpool were worth $331,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cheviot Value Management LLC bought a new stake in shares of Whirlpool during the first quarter worth about $36,000. Ransom Advisory Ltd purchased a new position in Whirlpool in the first quarter valued at about $38,000. UMB Bank n.a. raised its position in shares of Whirlpool by 40.4% in the first 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 period. Manitou Investment Management Ltd. bought a new stake in shares of Whirlpool in the first quarter valued at approximately $50,000. Finally, HHM Wealth Advisors LLC increased its holdings in Whirlpool by 77.2% during the 1st quarter. HHM Wealth Advisors LLC now owns 560 shares of the company’s stock worth $50,000 after acquiring an additional 244 shares during the period. 90.78% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Longbow Research raised shares of Whirlpool from a “neutral” rating to a “buy” rating and set a $145.00 price target on the stock in a report on Monday, June 30th. Loop Capital restated a “hold” rating and issued a $88.00 price objective on shares of Whirlpool in a report on Monday, August 4th. Wall Street Zen lowered shares of Whirlpool from a “hold” rating to a “sell” rating in a report on Saturday, July 26th. Bank of America reissued an “underperform” rating and set a $70.00 price target (down from $100.00) on shares of Whirlpool in a research report on Tuesday, July 29th. Finally, Royal Bank Of Canada reduced their price objective 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. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $98.83.

Whirlpool Stock Down 2.8%

Shares of WHR opened at $92.27 on Friday. Whirlpool Corporation has a 12-month low of $73.72 and a 12-month high of $135.49. The firm has a fifty day moving average price of $93.12 and a 200-day moving average price of $89.02. The firm has a market capitalization of $5.16 billion, a P/E ratio of -34.82 and a beta of 1.16. The company has a current ratio of 0.85, a quick ratio of 0.46 and a debt-to-equity ratio of 2.39.

Whirlpool (NYSE:WHR) last posted 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 negative net margin of 0.95% and a positive return on equity of 20.81%. The business’s revenue was down 5.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.39 EPS. Whirlpool has set its FY 2025 guidance at 6.000-8.000 EPS. Equities research analysts expect that Whirlpool Corporation will post 9.52 earnings per share for the current year.

Whirlpool Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be paid a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Friday, August 29th. Whirlpool’s dividend payout ratio (DPR) is presently -135.85%.

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.