Whirlpool Corporation $WHR Position Trimmed by KBC Group NV

KBC Group NV lowered its stake in Whirlpool Corporation (NYSE:WHR) by 30.8% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 1,833 shares of the company’s stock after selling 816 shares during the period. KBC Group NV’s holdings in Whirlpool were worth $186,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. GAMMA Investing LLC grew its holdings in shares of Whirlpool by 22.9% in the 2nd quarter. GAMMA Investing LLC now owns 784 shares of the company’s stock worth $80,000 after acquiring an additional 146 shares during the last quarter. Anderson Financial Strategies LLC increased its stake in Whirlpool by 35.3% in the 1st quarter. Anderson Financial Strategies LLC now owns 644 shares of the company’s stock worth $58,000 after purchasing an additional 168 shares in the last quarter. Voya Investment Management LLC raised its holdings in Whirlpool by 2.9% during the 1st quarter. Voya Investment Management LLC now owns 6,613 shares of the company’s stock worth $596,000 after buying an additional 186 shares during the period. UMB Bank n.a. lifted its stake in Whirlpool by 44.0% during the second quarter. UMB Bank n.a. now owns 645 shares of the company’s stock valued at $65,000 after buying an additional 197 shares in the last quarter. Finally, Advisory Alpha LLC boosted its holdings in shares of Whirlpool by 8.9% in the second quarter. Advisory Alpha LLC now owns 2,454 shares of the company’s stock worth $249,000 after buying an additional 201 shares during the period. Institutional investors and hedge funds own 90.78% of the company’s stock.

Whirlpool Trading Up 2.1%

Whirlpool stock opened at $70.15 on Thursday. Whirlpool Corporation has a 12 month low of $65.35 and a 12 month high of $135.49. The company has a quick ratio of 0.46, a current ratio of 0.86 and a debt-to-equity ratio of 2.33. The stock has a market cap of $3.94 billion, a P/E ratio of -20.88 and a beta of 1.18. The company’s fifty day simple moving average is $75.65 and its 200-day simple moving average is $85.08.

Whirlpool (NYSE:WHR) last announced its quarterly earnings data on Monday, October 27th. The company reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.68. Whirlpool had a positive return on equity of 19.49% and a negative net margin of 1.18%.The business had revenue of $4.03 billion during the quarter, compared to analyst estimates of $3.92 billion. During the same period last year, the company earned $3.43 earnings per share. Whirlpool’s quarterly revenue was up 1.0% compared to the same quarter last year. Whirlpool has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that Whirlpool Corporation will post 9.52 EPS for the current fiscal year.

Whirlpool Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 21st will be issued a $0.90 dividend. The ex-dividend date is Friday, November 21st. This represents a $3.60 dividend on an annualized basis and a yield of 5.1%. Whirlpool’s dividend payout ratio is currently -107.14%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on WHR shares. Zacks Research upgraded shares of Whirlpool from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 30th. Weiss Ratings reissued a “sell (d)” rating on shares of Whirlpool in a research note on Wednesday, October 8th. Stifel Nicolaus decreased their target price on Whirlpool from $80.00 to $69.00 and set a “hold” rating for the company in a research report on Wednesday, October 29th. The Goldman Sachs Group lowered their price target on Whirlpool from $107.00 to $93.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Finally, Bank of America reissued an “underperform” rating and set a $70.00 price target (down from $100.00) on shares of Whirlpool in a research report on Tuesday, July 29th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $86.43.

About Whirlpool

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.