South Dakota Investment Council Sells 921 Shares of Whirlpool Corporation $WHR

South Dakota Investment Council cut its holdings in Whirlpool Corporation (NYSE:WHR) by 0.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 99,679 shares of the company’s stock after selling 921 shares during the period. South Dakota Investment Council owned 0.18% of Whirlpool worth $10,109,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in WHR. Charles Schwab Investment Management Inc. raised its position in shares of Whirlpool by 5.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,235,977 shares of the company’s stock valued at $201,529,000 after buying an additional 117,964 shares during the last quarter. Newport Trust Company LLC grew its stake in Whirlpool by 11.4% during the first quarter. Newport Trust Company LLC now owns 1,806,101 shares of the company’s stock valued at $162,784,000 after acquiring an additional 184,132 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Whirlpool by 25.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,723,612 shares of the company’s stock valued at $155,343,000 after acquiring an additional 350,397 shares during the last quarter. HighTower Advisors LLC increased its holdings in Whirlpool by 1.3% in the 1st quarter. HighTower Advisors LLC now owns 1,047,645 shares of the company’s stock valued at $94,424,000 after acquiring an additional 13,038 shares during the last quarter. Finally, Nuveen LLC purchased a new stake in Whirlpool in the 1st quarter worth $82,461,000. 90.78% of the stock is owned by hedge funds and other institutional investors.

Whirlpool Trading Down 0.3%

Shares of WHR stock opened at $71.50 on Monday. The company has a market cap of $4.01 billion, a PE ratio of -21.28 and a beta of 1.17. Whirlpool Corporation has a 1 year low of $70.95 and a 1 year high of $135.49. The stock’s 50 day simple moving average is $82.14 and its two-hundred day simple moving average is $85.95. The company has a debt-to-equity ratio of 2.33, a current ratio of 0.86 and a quick ratio of 0.46.

Whirlpool (NYSE:WHR) last released its earnings results on Monday, October 27th. The company reported $2.09 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.68. The firm had revenue of $4.03 billion for the quarter, compared to the consensus estimate of $3.92 billion. Whirlpool had a positive return on equity of 19.49% and a negative net margin of 1.18%.The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.43 EPS. Whirlpool has set its FY 2025 guidance at EPS. Research analysts predict that Whirlpool Corporation will post 9.52 earnings per share for the current year.

Whirlpool Dividend Announcement

The company 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. The ex-dividend date of this dividend is Friday, November 21st. This represents a $3.60 annualized dividend and a dividend yield of 5.0%. Whirlpool’s dividend payout ratio is currently -107.14%.

Wall Street Analyst Weigh In

WHR has been the subject of a number of research analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of Whirlpool in a research report on Wednesday, October 8th. The Goldman Sachs Group dropped their price target on Whirlpool from $107.00 to $93.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Royal Bank Of Canada reaffirmed an “underperform” rating on shares of Whirlpool in a research note on Wednesday. Loop Capital reaffirmed a “hold” rating and set a $88.00 price objective on shares of Whirlpool in a report on Monday, August 4th. Finally, Zacks Research upgraded Whirlpool from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 30th. Two research 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 data from MarketBeat, Whirlpool presently has an average rating of “Reduce” and a consensus price target of $86.43.

Whirlpool 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.