Fifth Third Bancorp Purchases 18,412 Shares of Whirlpool Corporation $WHR

Fifth Third Bancorp increased its holdings in Whirlpool Corporation (NYSE:WHR) by 1,408.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,719 shares of the company’s stock after acquiring an additional 18,412 shares during the quarter. Fifth Third Bancorp’s holdings in Whirlpool were worth $1,063,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Whirlpool in the 4th quarter worth approximately $31,959,000. Freestone Grove Partners LP purchased a new position in Whirlpool during the fourth quarter valued at approximately $22,729,000. Orion Porfolio Solutions LLC increased its holdings in Whirlpool by 2,795.1% during the second quarter. Orion Porfolio Solutions LLC now owns 234,564 shares of the company’s stock valued at $23,789,000 after buying an additional 226,462 shares during the period. Newport Trust Company LLC raised its stake in Whirlpool by 10.2% in the fourth quarter. Newport Trust Company LLC now owns 2,391,252 shares of the company’s stock worth $172,505,000 after buying an additional 221,564 shares in the last quarter. Finally, Maple Rock Capital Partners Inc. lifted its holdings in Whirlpool by 119.1% during the fourth quarter. Maple Rock Capital Partners Inc. now owns 404,000 shares of the company’s stock worth $29,145,000 after buying an additional 219,600 shares during the period. Hedge funds and other institutional investors own 90.78% of the company’s stock.

Whirlpool Price Performance

NYSE WHR opened at $37.28 on Friday. The firm’s fifty day simple moving average is $39.68 and its two-hundred day simple moving average is $57.32. The company has a current ratio of 0.88, a quick ratio of 0.48 and a debt-to-equity ratio of 1.48. Whirlpool Corporation has a 12-month low of $35.45 and a 12-month high of $100.49. The firm has a market capitalization of $2.42 billion, a P/E ratio of 12.68, a P/E/G ratio of 32.27 and a beta of 1.16.

Whirlpool (NYSE:WHR) last issued its quarterly earnings results on Wednesday, May 6th. The company reported ($0.56) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.99). Whirlpool had a return on equity of 7.68% and a net margin of 1.08%.The business had revenue of $3.27 billion for the quarter, compared to analyst estimates of $3.44 billion. During the same period in the previous year, the company posted $1.70 earnings per share. The business’s revenue for the quarter was down 9.6% on a year-over-year basis. Whirlpool has set its FY 2026 guidance at 3.000-3.500 EPS. Analysts forecast that Whirlpool Corporation will post 1.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on WHR shares. Royal Bank Of Canada dropped their target price on Whirlpool from $32.00 to $30.00 and set an “underperform” rating on the stock in a research report on Tuesday, June 16th. Bank of America reduced their price target on Whirlpool from $43.00 to $36.00 and set an “underperform” rating for the company in a research report on Monday, June 22nd. Stifel Nicolaus decreased their price objective on Whirlpool from $45.00 to $37.00 and set a “hold” rating for the company in a research note on Thursday. Wall Street Zen raised Whirlpool from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 27th. Finally, Weiss Ratings lowered Whirlpool from a “hold (c-)” rating to a “sell (d)” rating in a research note on Friday, May 8th. One research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $51.22.

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.