Advisors Asset Management Inc. Has $9.84 Million Stock Holdings in Whirlpool Corporation $WHR

Advisors Asset Management Inc. boosted its stake in Whirlpool Corporation (NYSE:WHR) by 4.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,035 shares of the company’s stock after buying an additional 4,315 shares during the quarter. Advisors Asset Management Inc. owned approximately 0.17% of Whirlpool worth $9,841,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. GAMMA Investing LLC grew its holdings in shares of Whirlpool by 22.9% in the 2nd quarter. GAMMA Investing LLC now owns 784 shares of the company’s stock valued at $80,000 after buying an additional 146 shares during the period. Creative Planning grew its stake in Whirlpool by 1.6% in the second quarter. Creative Planning now owns 9,776 shares of the company’s stock valued at $992,000 after acquiring an additional 157 shares during the period. Anderson Financial Strategies LLC raised its position in shares of Whirlpool by 35.3% during the first 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. Voya Investment Management LLC lifted its holdings in shares of Whirlpool by 2.9% during the 1st quarter. Voya Investment Management LLC now owns 6,613 shares of the company’s stock valued at $596,000 after purchasing an additional 186 shares in the last quarter. Finally, UMB Bank n.a. grew its position in shares of Whirlpool by 44.0% in the 2nd quarter. UMB Bank n.a. now owns 645 shares of the company’s stock valued at $65,000 after purchasing an additional 197 shares during the period. 90.78% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WHR has been the topic of a number of research reports. Royal Bank Of Canada reaffirmed an “underperform” rating on shares of Whirlpool in a research note on Wednesday, October 29th. Stifel Nicolaus cut their price objective on shares of Whirlpool from $80.00 to $69.00 and set a “hold” rating on the stock in a research report on Wednesday, October 29th. Bank of America reiterated an “underperform” rating and set a $70.00 target price (down previously from $100.00) on shares of Whirlpool in a report on Tuesday, July 29th. Zacks Research upgraded Whirlpool from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 30th. Finally, The Goldman Sachs Group decreased 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. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $86.43.

Whirlpool Price Performance

Shares of NYSE WHR opened at $77.72 on Wednesday. The company has a debt-to-equity ratio of 2.33, a current ratio of 0.86 and a quick ratio of 0.46. The business has a 50-day moving average of $74.24 and a 200-day moving average of $85.02. The stock has a market capitalization of $4.36 billion, a price-to-earnings ratio of -23.13 and a beta of 1.18. Whirlpool Corporation has a fifty-two week low of $65.35 and a fifty-two week high of $135.49.

Whirlpool (NYSE:WHR) last issued its quarterly earnings results on Monday, October 27th. The company reported $2.09 EPS for the quarter, beating the consensus estimate of $1.41 by $0.68. The firm had revenue of $4.03 billion during the quarter, compared to analysts’ expectations of $3.92 billion. Whirlpool had a positive return on equity of 19.49% and a negative net margin of 1.18%.The business’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.43 earnings per share. Whirlpool has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that Whirlpool Corporation will post 9.52 earnings per share for the current fiscal year.

Whirlpool Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 21st will be issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date is Friday, November 21st. Whirlpool’s payout ratio is presently -107.14%.

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.