Federated Hermes Inc. Grows Stock Holdings in Whirlpool Corporation $WHR

Federated Hermes Inc. lifted its position in Whirlpool Corporation (NYSE:WHR) by 49.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 166,133 shares of the company’s stock after purchasing an additional 54,961 shares during the quarter. Federated Hermes Inc. owned 0.30% of Whirlpool worth $16,849,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Gamco Investors INC. ET AL grew its position in Whirlpool by 3.0% during the second quarter. Gamco Investors INC. ET AL now owns 5,150 shares of the company’s stock valued at $522,000 after acquiring an additional 150 shares during the last quarter. Capula Management Ltd bought a new position in shares of Whirlpool during the 2nd quarter valued at $1,148,000. Cheviot Value Management LLC raised its position in Whirlpool by 50.0% in the 2nd quarter. Cheviot Value Management LLC now owns 600 shares of the company’s stock worth $61,000 after purchasing an additional 200 shares during the period. TCM Advisors LLC lifted its stake in Whirlpool by 7.1% in the second quarter. TCM Advisors LLC now owns 12,000 shares of the company’s stock worth $1,217,000 after purchasing an additional 800 shares during the last quarter. Finally, Brown Advisory Inc. boosted its position in Whirlpool by 41.2% during the second quarter. Brown Advisory Inc. now owns 3,633 shares of the company’s stock valued at $368,000 after buying an additional 1,060 shares during the period. 90.78% of the stock is owned by hedge funds and other institutional investors.

Whirlpool Stock Performance

Shares of Whirlpool stock opened at $78.10 on Thursday. Whirlpool Corporation has a 1 year low of $65.35 and a 1 year high of $135.49. The firm’s 50-day moving average is $73.69 and its 200 day moving average is $84.73. The stock has a market cap of $4.39 billion, a price-to-earnings ratio of -23.24 and a beta of 1.21. The company has a debt-to-equity ratio of 2.33, a current ratio of 0.86 and a quick ratio of 0.47.

Whirlpool (NYSE:WHR) last announced its quarterly earnings data on Monday, October 27th. The company reported $2.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.68. The company had revenue of $4.03 billion during the quarter, compared to analyst estimates of $3.92 billion. Whirlpool had a negative net margin of 1.18% and a positive return on equity of 19.49%. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the previous year, the business earned $3.43 EPS. Sell-side analysts anticipate that Whirlpool Corporation will post 9.52 EPS for the current fiscal year.

Whirlpool Dividend Announcement

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

Analysts Set New Price Targets

WHR has been the topic of several recent analyst reports. Royal Bank Of Canada restated an “underperform” rating on shares of Whirlpool in a report on Wednesday, October 29th. Wall Street Zen upgraded shares of Whirlpool from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Stifel Nicolaus reduced their price target on Whirlpool from $80.00 to $69.00 and set a “hold” rating on the stock in a report on Wednesday, October 29th. Zacks Research upgraded Whirlpool from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 30th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Whirlpool in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Whirlpool presently has a consensus rating of “Reduce” and a consensus price target of $86.43.

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.