Whirlpool Corporation $WHR Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue cut its holdings in Whirlpool Corporation (NYSE:WHR) by 3.6% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 6,252 shares of the company’s stock after selling 235 shares during the period. State of Alaska Department of Revenue’s holdings in Whirlpool were worth $634,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of WHR. Nuveen LLC acquired a new position in shares of Whirlpool in the 1st quarter valued at about $82,461,000. Causeway Capital Management LLC acquired a new position in shares of Whirlpool in the 1st quarter valued at about $32,788,000. Dimensional Fund Advisors LP boosted its holdings in shares of Whirlpool by 25.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,723,612 shares of the company’s stock valued at $155,343,000 after buying an additional 350,397 shares during the period. Jacobs Levy Equity Management Inc. acquired a new position in shares of Whirlpool in the 1st quarter valued at about $30,621,000. Finally, Newport Trust Company LLC boosted its holdings in shares of Whirlpool by 11.4% in the 1st quarter. Newport Trust Company LLC now owns 1,806,101 shares of the company’s stock valued at $162,784,000 after buying an additional 184,132 shares during the period. 90.78% of the stock is owned by institutional investors and hedge funds.

Whirlpool Stock Down 3.4%

WHR stock opened at $76.64 on Wednesday. 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’s 50-day moving average is $86.66 and its two-hundred day moving average is $87.49. Whirlpool Corporation has a 52 week low of $73.72 and a 52 week high of $135.49. The company has a market capitalization of $4.28 billion, a price-to-earnings ratio of -28.92 and a beta of 1.17.

Whirlpool (NYSE:WHR) last released its earnings results on Monday, July 28th. The company reported $1.34 EPS 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 business had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.88 billion. During the same quarter in the previous year, the firm earned $2.39 earnings per share. The firm’s revenue for the quarter was down 5.4% compared to the same quarter last year. Whirlpool has set its FY 2025 guidance at 6.000-8.000 EPS. On average, analysts forecast that Whirlpool Corporation will post 9.52 earnings per share for the current fiscal year.

Whirlpool Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date was Friday, August 29th. Whirlpool’s payout ratio is presently -135.85%.

Analyst Ratings Changes

A number of research analysts have issued reports on WHR shares. Longbow Research raised shares of Whirlpool from a “neutral” rating to a “buy” rating and set a $145.00 target price for the company in a research note on Monday, June 30th. Royal Bank Of Canada reduced 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. Weiss Ratings reissued a “sell (d)” rating on shares of Whirlpool in a research note on Saturday, September 27th. Bank of America reissued an “underperform” rating and set a $70.00 target price (down from $100.00) on shares of Whirlpool in a research note on Tuesday, July 29th. Finally, Loop Capital reissued a “hold” rating and set a $88.00 target price on shares of Whirlpool in a research note on Monday, August 4th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price 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.