Courier Capital LLC trimmed its position in Whirlpool Corporation (NYSE:WHR – Free Report) by 4.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,694 shares of the company’s stock after selling 1,034 shares during the quarter. Courier Capital LLC’s holdings in Whirlpool were worth $2,504,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of the company. Farther Finance Advisors LLC grew its position in shares of Whirlpool by 27.1% in the 1st quarter. Farther Finance Advisors LLC now owns 4,257 shares of the company’s stock valued at $388,000 after buying an additional 908 shares during the last quarter. GAMMA Investing LLC grew its position in Whirlpool by 132.0% during the 1st quarter. GAMMA Investing LLC now owns 638 shares of the company’s stock worth $58,000 after purchasing an additional 363 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in Whirlpool during the 1st quarter worth $4,378,000. State of Alaska Department of Revenue grew its position in Whirlpool by 3.0% during the 1st quarter. State of Alaska Department of Revenue now owns 6,487 shares of the company’s stock worth $584,000 after purchasing an additional 190 shares during the last quarter. Finally, PSI Advisors LLC grew its position in Whirlpool by 51.2% during the 1st quarter. PSI Advisors LLC now owns 6,437 shares of the company’s stock worth $580,000 after purchasing an additional 2,179 shares during the last quarter. 90.78% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research analysts have issued reports on the stock. Longbow Research raised shares of Whirlpool from a “neutral” rating to a “buy” rating and set a $145.00 price objective on the stock in a research report on Monday, June 30th. Royal Bank Of Canada lowered their price objective on shares of Whirlpool from $65.00 to $63.00 and set an “underperform” rating on the stock in a research report on Wednesday, July 30th. Stifel Nicolaus assumed coverage on shares of Whirlpool in a research report on Wednesday, October 8th. They set a “hold” rating and a $80.00 price objective on the stock. Wall Street Zen downgraded shares of Whirlpool from a “hold” rating to a “sell” rating in a research report on Saturday, July 26th. Finally, Bank of America restated an “underperform” rating and issued a $70.00 target price (down previously from $100.00) on shares of Whirlpool in a research note on Tuesday, July 29th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $89.71.
Whirlpool Stock Up 0.6%
WHR stock opened at $71.99 on Tuesday. The company has a market cap of $4.02 billion, a P/E ratio of -27.17 and a beta of 1.17. Whirlpool Corporation has a 52 week low of $71.33 and a 52 week high of $135.49. The company’s 50-day moving average price is $85.90 and its 200 day moving average price is $86.91. The company has a current ratio of 0.85, a quick ratio of 0.46 and a debt-to-equity ratio of 2.39.
Whirlpool (NYSE:WHR – Get Free Report) last released its quarterly earnings data on Monday, July 28th. The company reported $1.34 EPS for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.20). Whirlpool had a positive return on equity of 20.81% and a negative net margin of 0.95%.The company had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.88 billion. During the same period in the prior year, the firm posted $2.39 EPS. The firm’s quarterly revenue was down 5.4% on a year-over-year basis. Whirlpool has set its FY 2025 guidance at 6.000-8.000 EPS. On average, research analysts expect that Whirlpool Corporation will post 9.52 earnings per share for the current fiscal year.
Whirlpool Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders 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 dividend payout ratio is -135.85%.
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.
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