Kingswood Wealth Advisors LLC Decreases Stock Position in Whirlpool Corporation $WHR

Kingswood Wealth Advisors LLC cut its stake in Whirlpool Corporation (NYSE:WHR) by 10.6% in the second quarter, HoldingsChannel reports. The firm owned 3,018 shares of the company’s stock after selling 358 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Whirlpool were worth $306,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WHR. UMB Bank n.a. boosted its holdings in Whirlpool by 40.4% in the first quarter. UMB Bank n.a. now owns 448 shares of the company’s stock valued at $40,000 after purchasing an additional 129 shares during the period. Park Avenue Securities LLC boosted its holdings in Whirlpool by 4.6% in the first quarter. Park Avenue Securities LLC now owns 7,296 shares of the company’s stock valued at $658,000 after purchasing an additional 324 shares during the period. Farther Finance Advisors LLC boosted its holdings in Whirlpool by 27.1% in the first quarter. Farther Finance Advisors LLC now owns 4,257 shares of the company’s stock valued at $388,000 after purchasing an additional 908 shares during the period. GAMMA Investing LLC boosted its holdings in Whirlpool by 132.0% in the first quarter. GAMMA Investing LLC now owns 638 shares of the company’s stock valued at $58,000 after purchasing an additional 363 shares during the period. Finally, Greenwood Capital Associates LLC boosted its holdings in Whirlpool by 8.1% in the first quarter. Greenwood Capital Associates LLC now owns 7,891 shares of the company’s stock valued at $711,000 after purchasing an additional 588 shares during the period. 90.78% of the stock is currently owned by hedge funds and other institutional investors.

Whirlpool Stock Down 4.1%

Whirlpool stock opened at $71.41 on Friday. Whirlpool Corporation has a fifty-two week low of $71.33 and a fifty-two week high of $135.49. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.46 and a current ratio of 0.85. The company has a market capitalization of $3.99 billion, a P/E ratio of -26.95 and a beta of 1.17. The stock has a 50-day simple moving average of $86.12 and a 200-day simple moving average of $87.12.

Whirlpool (NYSE:WHR) last posted its earnings results on Monday, July 28th. The company reported $1.34 earnings per share for the quarter, missing the consensus estimate of $1.54 by ($0.20). Whirlpool had a negative net margin of 0.95% and a positive return on equity of 20.81%. The firm had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.88 billion. During the same period in the previous year, the firm posted $2.39 earnings per share. The firm’s revenue for the quarter was down 5.4% on a year-over-year basis. Whirlpool has set its FY 2025 guidance at 6.000-8.000 EPS. Equities research analysts expect that Whirlpool Corporation will post 9.52 earnings per share for the current year.

Whirlpool Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were issued a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend was Friday, August 29th. Whirlpool’s payout ratio is presently -135.85%.

Analysts Set New Price Targets

A number of analysts have issued reports on WHR shares. Longbow Research raised Whirlpool from a “neutral” rating to a “buy” rating and set a $145.00 price target for the company in a report on Monday, June 30th. Loop Capital reaffirmed a “hold” rating and set a $88.00 price target on shares of Whirlpool in a report on Monday, August 4th. Bank of America reaffirmed an “underperform” rating and set a $70.00 price target (down from $100.00) on shares of Whirlpool in a report on Tuesday, July 29th. Royal Bank Of Canada decreased their price target on Whirlpool from $65.00 to $63.00 and set an “underperform” rating for the company in a report on Wednesday, July 30th. Finally, Wall Street Zen downgraded Whirlpool from a “hold” rating to a “sell” rating in a report on Saturday, July 26th. Two equities research 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, Whirlpool presently has an average rating of “Reduce” and an average price target of $96.14.

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.