Janney Montgomery Scott LLC Has $4.76 Million Stake in Whirlpool Corporation $WHR

Janney Montgomery Scott LLC reduced its stake in Whirlpool Corporation (NYSE:WHR) by 3.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 46,920 shares of the company’s stock after selling 1,655 shares during the period. Janney Montgomery Scott LLC owned about 0.08% of Whirlpool worth $4,759,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Cheviot Value Management LLC acquired a new stake in shares of Whirlpool in the 1st quarter valued at approximately $36,000. Ransom Advisory Ltd acquired a new stake in shares of Whirlpool in the 1st quarter valued at approximately $38,000. UMB Bank n.a. boosted its stake 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 in the last quarter. Manitou Investment Management Ltd. acquired a new stake in shares of Whirlpool in the 1st quarter valued at approximately $50,000. Finally, HHM Wealth Advisors LLC boosted its stake in shares of Whirlpool by 77.2% in the 1st quarter. HHM Wealth Advisors LLC now owns 560 shares of the company’s stock valued at $50,000 after purchasing an additional 244 shares in the last quarter. 90.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

WHR has been the topic of a number of research analyst reports. Royal Bank Of Canada reduced their price target on shares of Whirlpool from $65.00 to $63.00 and set an “underperform” rating on the stock in a research note on Wednesday, July 30th. Bank of America reiterated an “underperform” rating and issued a $70.00 price objective (down previously from $100.00) on shares of Whirlpool in a report on Tuesday, July 29th. Loop Capital reiterated a “hold” rating and issued a $88.00 price objective on shares of Whirlpool in a report on Monday, August 4th. Zacks Research upgraded shares of Whirlpool from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 30th. Finally, Wall Street Zen lowered shares of 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, three have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Whirlpool presently has a consensus rating of “Reduce” and an average target price of $98.83.

Whirlpool Stock Down 3.4%

Whirlpool stock opened at $76.64 on Wednesday. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.46 and a current ratio of 0.85. Whirlpool Corporation has a 52-week low of $73.72 and a 52-week high of $135.49. The firm has a 50 day moving average price of $86.66 and a two-hundred day moving average price of $87.49. The firm has a market cap of $4.28 billion, a price-to-earnings ratio of -28.92 and a beta of 1.17.

Whirlpool (NYSE:WHR) last released its quarterly earnings results 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 firm had revenue of $3.77 billion for the quarter, compared to the consensus estimate 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 for the quarter was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.39 EPS. Whirlpool has set its FY 2025 guidance at 6.000-8.000 EPS. Equities analysts predict that Whirlpool Corporation will post 9.52 EPS for the current year.

Whirlpool Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were paid a $0.90 dividend. The ex-dividend date was Friday, August 29th. This represents a $3.60 annualized dividend and a dividend yield of 4.7%. Whirlpool’s payout ratio is currently -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.