Whirlpool Corporation $WHR Shares Bought by Parallel Advisors LLC

Parallel Advisors LLC grew its holdings in shares of Whirlpool Corporation (NYSE:WHR) by 191.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,603 shares of the company’s stock after purchasing an additional 1,710 shares during the period. Parallel Advisors LLC’s holdings in Whirlpool were worth $264,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Voya Investment Management LLC increased its position in Whirlpool by 2.9% during the 1st quarter. Voya Investment Management LLC now owns 6,613 shares of the company’s stock worth $596,000 after purchasing an additional 186 shares during the period. Anderson Financial Strategies LLC increased its position in Whirlpool by 35.3% during the 1st quarter. Anderson Financial Strategies LLC now owns 644 shares of the company’s stock worth $58,000 after purchasing an additional 168 shares during the period. Strs Ohio acquired a new position in Whirlpool during the 1st quarter worth approximately $1,178,000. Jacobi Capital Management LLC grew its holdings in shares of Whirlpool by 11.1% in the 1st quarter. Jacobi Capital Management LLC now owns 3,676 shares of the company’s stock worth $331,000 after acquiring an additional 366 shares during the period. Finally, Advisors Capital Management LLC grew its holdings in shares of Whirlpool by 2.0% in the 1st quarter. Advisors Capital Management LLC now owns 169,932 shares of the company’s stock worth $15,316,000 after acquiring an additional 3,376 shares during the period. Institutional investors and hedge funds own 90.78% of the company’s stock.

Whirlpool Trading Down 2.7%

Shares of WHR opened at $82.60 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.46 and a debt-to-equity ratio of 2.39. The firm has a market capitalization of $4.62 billion, a P/E ratio of -31.17 and a beta of 1.16. The stock’s fifty day simple moving average is $90.96 and its 200 day simple moving average is $88.63. Whirlpool Corporation has a twelve month low of $73.72 and a twelve month high of $135.49.

Whirlpool (NYSE:WHR) last issued its earnings results on Monday, July 28th. The company reported $1.34 earnings per share for the quarter, missing the consensus estimate of $1.54 by ($0.20). The firm had revenue of $3.77 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was down 5.4% compared to the same quarter last year. During the same period last year, the business posted $2.39 earnings per share. Whirlpool has set its FY 2025 guidance at 6.000-8.000 EPS. On average, equities research analysts forecast 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 was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were given a $0.90 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $3.60 annualized dividend and a yield of 4.4%. Whirlpool’s dividend payout ratio (DPR) is -135.85%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on WHR shares. Royal Bank Of Canada lowered their price target on Whirlpool from $65.00 to $63.00 and set an “underperform” rating on the stock in a report on Wednesday, July 30th. Loop Capital restated a “hold” rating and issued a $88.00 price target on shares of Whirlpool in a report on Monday, August 4th. Longbow Research upgraded 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 restated an “underperform” rating and issued a $70.00 price target (down previously from $100.00) on shares of Whirlpool in a report on Tuesday, July 29th. Finally, Wall Street Zen cut Whirlpool from a “hold” rating to a “sell” rating in a report on Saturday, July 26th. Two research 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, the company presently has a consensus rating of “Hold” and a consensus 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.