Advisors Capital Management LLC Grows Position in Whirlpool Corporation $WHR

Advisors Capital Management LLC lifted its holdings in shares of Whirlpool Corporation (NYSE:WHR) by 4.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 312,239 shares of the company’s stock after buying an additional 11,963 shares during the quarter. Advisors Capital Management LLC owned approximately 0.56% of Whirlpool worth $22,525,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Legacy Capital Group California Inc. raised its stake in shares of Whirlpool by 30.4% during the 4th quarter. Legacy Capital Group California Inc. now owns 12,019 shares of the company’s stock worth $867,000 after buying an additional 2,799 shares during the period. M&T Bank Corp raised its stake in shares of Whirlpool by 973.9% during the 4th quarter. M&T Bank Corp now owns 29,962 shares of the company’s stock worth $2,161,000 after buying an additional 27,172 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in shares of Whirlpool by 6.1% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 6,022 shares of the company’s stock worth $434,000 after buying an additional 347 shares during the period. TD Waterhouse Canada Inc. raised its stake in shares of Whirlpool by 5,494.9% during the 4th quarter. TD Waterhouse Canada Inc. now owns 7,665 shares of the company’s stock worth $553,000 after buying an additional 7,528 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Whirlpool by 8.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,147 shares of the company’s stock worth $1,309,000 after buying an additional 1,438 shares during the period. 90.78% of the stock is owned by institutional investors and hedge funds.

Whirlpool Stock Down 0.9%

NYSE WHR opened at $53.70 on Friday. The business has a fifty day moving average price of $60.81 and a 200 day moving average price of $71.40. Whirlpool Corporation has a one year low of $50.41 and a one year high of $111.96. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.40 and a current ratio of 0.76. The company has a market cap of $3.04 billion, a P/E ratio of 9.50, a P/E/G ratio of 10.47 and a beta of 1.30.

Whirlpool (NYSE:WHR) last issued its earnings results on Wednesday, January 28th. The company reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.54 by ($0.44). The company had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.27 billion. Whirlpool had a net margin of 2.04% and a return on equity of 12.98%. The firm’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.57 earnings per share. Whirlpool has set its FY 2026 guidance at 7.000-7.000 EPS. Research analysts anticipate that Whirlpool Corporation will post 5.18 EPS for the current fiscal year.

Whirlpool Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Friday, February 27th were issued a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 6.7%. The ex-dividend date was Friday, February 27th. Whirlpool’s dividend payout ratio is presently 63.72%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Raymond James Financial reaffirmed a “market perform” rating on shares of Whirlpool in a research note on Monday, March 16th. Weiss Ratings raised Whirlpool from a “sell (d)” rating to a “hold (c-)” rating in a research note on Thursday, February 12th. BNP Paribas Exane raised Whirlpool to a “neutral” rating in a research note on Monday, March 16th. Bank of America reduced their price objective on Whirlpool from $60.00 to $50.00 and set an “underperform” rating for the company in a research note on Monday, April 20th. Finally, Citigroup started coverage on Whirlpool in a research note on Wednesday. They issued a “neutral” rating and a $60.00 price objective for the company. Two equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $74.33.

Whirlpool Company Profile

Whirlpool Corporation is a leading global manufacturer and marketer of home appliances, with a product portfolio that spans major categories such as laundry, refrigeration, cooking, dishwashing and small electrics. Headquartered in Benton Harbor, Michigan, the company designs, produces and distributes its appliances through a network of wholly owned manufacturing facilities, joint ventures and third-party partners. Whirlpool serves both retail and professional markets, offering products under its flagship Whirlpool brand as well as several well-known names including Maytag, KitchenAid, JennAir, Amana, Brastemp and Consul.

In its laundry segment, Whirlpool provides top- and front-load washing machines, dryers and combination units designed to balance energy efficiency, capacity and convenience.