Whirlpool Corporation $WHR Shares Purchased by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. increased its holdings in shares of Whirlpool Corporation (NYSE:WHR) by 64.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,075 shares of the company’s stock after purchasing an additional 420 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Whirlpool were worth $97,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. UMB Bank n.a. boosted its position in shares of 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 period. Linden Thomas Advisory Services LLC boosted its holdings in shares of Whirlpool by 3.7% in the first quarter. Linden Thomas Advisory Services LLC now owns 4,184 shares of the company’s stock valued at $377,000 after acquiring an additional 149 shares during the period. State of Alaska Department of Revenue boosted its holdings in shares of Whirlpool by 3.0% in the first quarter. State of Alaska Department of Revenue now owns 6,487 shares of the company’s stock valued at $584,000 after acquiring an additional 190 shares during the period. Ascent Group LLC boosted its holdings in shares of Whirlpool by 4.2% in the fourth quarter. Ascent Group LLC now owns 4,963 shares of the company’s stock valued at $568,000 after acquiring an additional 198 shares during the period. Finally, Harmony Asset Management LLC boosted its holdings in shares of Whirlpool by 3.3% in the fourth quarter. Harmony Asset Management LLC now owns 6,259 shares of the company’s stock valued at $717,000 after acquiring an additional 200 shares during the period. 90.78% of the stock is currently owned by institutional investors and hedge funds.

Whirlpool Trading Down 4.2%

Shares of Whirlpool stock opened at $86.47 on Thursday. Whirlpool Corporation has a 1 year low of $73.72 and a 1 year high of $135.49. The company has a market capitalization of $4.83 billion, a P/E ratio of -32.63 and a beta of 1.16. The business has a 50 day moving average price of $91.95 and a 200 day moving average price of $88.83. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.85 and a quick ratio of 0.46.

Whirlpool (NYSE:WHR) last released its quarterly 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). Whirlpool had a positive return on equity of 20.81% and a negative net margin of 0.95%.The company had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.88 billion. During the same period last year, the firm earned $2.39 earnings per share. The business’s revenue was down 5.4% compared to the same quarter last year. 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 disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend was Friday, August 29th. Whirlpool’s payout ratio is currently -135.85%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on WHR. Bank of America reiterated 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. Royal Bank Of Canada decreased 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. Loop Capital reaffirmed a “hold” rating and set a $88.00 price objective on shares of Whirlpool in a research report on Monday, August 4th. Longbow Research raised Whirlpool from a “neutral” rating to a “buy” rating and set a $145.00 price target for the company in a report on Monday, June 30th. Finally, Wall Street Zen downgraded Whirlpool from a “hold” rating to a “sell” rating in a report on Saturday, July 26th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $98.83.

About Whirlpool

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.