Blair William & Co. IL Acquires New Position in Whirlpool Corporation $WHR

Blair William & Co. IL bought a new position in Whirlpool Corporation (NYSE:WHR) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,139 shares of the company’s stock, valued at approximately $217,000.

Other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its position in shares of Whirlpool by 5.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,235,977 shares of the company’s stock valued at $201,529,000 after purchasing an additional 117,964 shares during the period. Newport Trust Company LLC boosted its stake in Whirlpool by 11.4% in the 1st quarter. Newport Trust Company LLC now owns 1,806,101 shares of the company’s stock worth $162,784,000 after buying an additional 184,132 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in 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. HighTower Advisors LLC increased its stake in shares of Whirlpool by 1.3% during the 1st quarter. HighTower Advisors LLC now owns 1,047,645 shares of the company’s stock valued at $94,424,000 after acquiring an additional 13,038 shares during the last quarter. Finally, Nuveen LLC acquired a new position in shares of Whirlpool during the 1st quarter valued at about $82,461,000. 90.78% of the stock is currently owned by institutional investors and hedge funds.

Whirlpool Stock Up 0.6%

Shares of NYSE WHR opened at $72.65 on Friday. The stock has a fifty day moving average price of $85.04 and a 200 day moving average price of $86.44. 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 12-month low of $71.00 and a 12-month high of $135.49. The company has a market cap of $4.06 billion, a P/E ratio of -27.42 and a beta of 1.17.

Whirlpool (NYSE:WHR) last issued its quarterly earnings data on Monday, July 28th. The company reported $1.34 EPS for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.20). The company 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 company’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.39 EPS. Whirlpool has set its FY 2025 guidance at 6.000-8.000 EPS. Research analysts anticipate that Whirlpool Corporation will post 9.52 EPS for the current fiscal year.

Whirlpool Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date was Friday, August 29th. Whirlpool’s payout ratio is -135.85%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on WHR shares. Loop Capital reissued a “hold” rating and issued a $88.00 target price on shares of Whirlpool in a research report on Monday, August 4th. Longbow Research raised shares of Whirlpool from a “neutral” rating to a “buy” rating and set a $145.00 price target on the stock in a research note on Monday, June 30th. Stifel Nicolaus assumed coverage on shares of Whirlpool in a research note on Wednesday, October 8th. They set a “hold” rating and a $80.00 price objective for the company. The Goldman Sachs Group dropped their price objective on Whirlpool from $107.00 to $93.00 and set a “buy” rating for the company in a report on Monday, October 13th. Finally, Wall Street Zen lowered Whirlpool from a “hold” rating to a “sell” rating in a research report on Saturday, July 26th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $89.71.

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.