Kovack Advisors Inc. Buys 4,040 Shares of Whirlpool Corporation $WHR

Kovack Advisors Inc. increased its position in Whirlpool Corporation (NYSE:WHR) by 139.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,929 shares of the company’s stock after acquiring an additional 4,040 shares during the quarter. Kovack Advisors Inc.’s holdings in Whirlpool were worth $703,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of WHR. GAMMA Investing LLC lifted its stake in Whirlpool by 132.0% in the 1st quarter. GAMMA Investing LLC now owns 638 shares of the company’s stock worth $58,000 after purchasing an additional 363 shares in the last quarter. Rossby Financial LCC purchased a new stake in shares of Whirlpool in the first quarter worth $73,000. Mutual Advisors LLC boosted its stake in Whirlpool by 8.5% during the first quarter. Mutual Advisors LLC now owns 11,159 shares of the company’s stock valued at $1,006,000 after buying an additional 876 shares during the period. Principal Financial Group Inc. grew its position in Whirlpool by 0.7% during the first quarter. Principal Financial Group Inc. now owns 127,304 shares of the company’s stock worth $11,474,000 after buying an additional 944 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in Whirlpool by 28.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 51,580 shares of the company’s stock worth $4,649,000 after acquiring an additional 11,557 shares during the last quarter. Hedge funds and other institutional investors own 90.78% of the company’s stock.

Whirlpool Trading Down 0.3%

Shares of WHR opened at $71.50 on Friday. Whirlpool Corporation has a fifty-two week low of $70.95 and a fifty-two week high of $135.49. The firm has a market cap of $4.01 billion, a price-to-earnings ratio of -21.28 and a beta of 1.17. The firm has a 50 day moving average price of $82.14 and a 200-day moving average price of $85.89. The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.46 and a current ratio of 0.86.

Whirlpool (NYSE:WHR) last released its 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 company had revenue of $4.03 billion for 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 quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the firm earned $3.43 EPS. Whirlpool has set its FY 2025 guidance at EPS. As a group, equities research analysts forecast that Whirlpool Corporation will post 9.52 earnings per share for the current year.

Whirlpool Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 21st will be paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend is Friday, November 21st. Whirlpool’s payout ratio is -107.14%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Loop Capital reiterated a “hold” rating and set a $88.00 price target on shares of Whirlpool in a research report on Monday, August 4th. Wall Street Zen upgraded shares of Whirlpool from a “sell” rating to a “hold” rating in a research report on Saturday. Royal Bank Of Canada reissued an “underperform” rating on shares of Whirlpool in a report on Wednesday. Zacks Research upgraded shares of Whirlpool from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 30th. Finally, The Goldman Sachs Group cut their target price on shares of Whirlpool from $107.00 to $93.00 and set a “buy” rating for the company in a research report on Monday, October 13th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price 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.