Strs Ohio Invests $1.18 Million in Whirlpool Corporation $WHR

Strs Ohio purchased a new position in shares of Whirlpool Corporation (NYSE:WHR) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 13,070 shares of the company’s stock, valued at approximately $1,178,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Cheviot Value Management LLC acquired a new stake in Whirlpool in the first quarter valued at $36,000. Ransom Advisory Ltd acquired a new stake in shares of Whirlpool during the first quarter worth about $38,000. UMB Bank n.a. increased its position in shares of Whirlpool by 40.4% during the first quarter. UMB Bank n.a. now owns 448 shares of the company’s stock worth $40,000 after purchasing an additional 129 shares in the last quarter. Manitou Investment Management Ltd. acquired a new stake in shares of Whirlpool during the first quarter worth about $50,000. Finally, HHM Wealth Advisors LLC increased its position in shares of Whirlpool by 77.2% during the first quarter. HHM Wealth Advisors LLC now owns 560 shares of the company’s stock worth $50,000 after purchasing an additional 244 shares in the last quarter. 90.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

WHR has been the topic of a number of research reports. Longbow Research raised 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. Bank of America reissued an “underperform” rating and set a $70.00 price target (down previously from $100.00) on shares of Whirlpool in a research note on Tuesday, July 29th. Wall Street Zen lowered Whirlpool from a “hold” rating to a “sell” rating in a research note on Saturday, July 26th. Royal Bank Of Canada dropped their price objective on Whirlpool from $65.00 to $63.00 and set an “underperform” rating for the company in a report on Wednesday, July 30th. Finally, Loop Capital reiterated a “hold” rating and issued a $88.00 price target on shares of Whirlpool in a report on Monday, August 4th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Whirlpool presently has an average rating of “Hold” and a consensus price target of $98.83.

Whirlpool Stock Down 4.2%

WHR stock opened at $86.47 on Thursday. The firm has a market cap of $4.83 billion, a PE ratio of -32.63 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 Corporation has a 1 year low of $73.72 and a 1 year high of $135.49. The company has a fifty day simple moving average of $91.95 and a 200 day simple moving average of $88.83.

Whirlpool (NYSE:WHR) last released its earnings results on Monday, July 28th. The company reported $1.34 earnings per share for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.20). The firm 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 was down 5.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.39 EPS. Whirlpool has set its FY 2025 guidance at 6.000-8.000 EPS. Sell-side analysts anticipate that Whirlpool Corporation will post 9.52 EPS for the current fiscal year.

Whirlpool Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were given a dividend of $0.90 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $3.60 dividend on an annualized basis and a yield of 4.2%. Whirlpool’s dividend payout ratio (DPR) is -135.85%.

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.