Canada Pension Plan Investment Board Makes New Investment in Whirlpool Corporation $WHR

Canada Pension Plan Investment Board acquired a new stake in Whirlpool Corporation (NYSE:WHR) in the 2nd quarter, Holdings Channel reports. The fund acquired 1,547,522 shares of the company’s stock, valued at approximately $61,003,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans boosted its stake in Whirlpool by 0.8% during the 2nd quarter. Thrivent Financial for Lutherans now owns 13,194 shares of the company’s stock valued at $1,338,000 after purchasing an additional 109 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of Whirlpool by 0.3% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 52,944 shares of the company’s stock valued at $4,161,000 after buying an additional 144 shares during the period. Gamco Investors INC. ET AL grew its holdings in Whirlpool by 3.0% during the second quarter. Gamco Investors INC. ET AL now owns 5,150 shares of the company’s stock worth $522,000 after acquiring an additional 150 shares during the period. Abel Hall LLC grew its holdings in Whirlpool by 1.4% during the third quarter. Abel Hall LLC now owns 12,044 shares of the company’s stock worth $947,000 after acquiring an additional 162 shares during the period. Finally, Equitable Holdings Inc. lifted its holdings in Whirlpool by 2.8% in the 3rd quarter. Equitable Holdings Inc. now owns 6,298 shares of the company’s stock valued at $495,000 after acquiring an additional 170 shares during the last quarter. Institutional investors own 90.78% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on WHR shares. JPMorgan Chase & Co. lowered their price objective on shares of Whirlpool from $59.00 to $52.00 and set a “neutral” rating on the stock in a research note on Monday, May 11th. Bank of America decreased their price target on shares of Whirlpool from $43.00 to $36.00 and set an “underperform” rating on the stock in a research report on Monday, June 22nd. Wall Street Zen upgraded Whirlpool from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 8th. Raymond James Financial restated a “market perform” rating on shares of Whirlpool in a report on Wednesday, August 19th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Whirlpool in a report on Thursday, August 6th. One research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Whirlpool has an average rating of “Reduce” and an average price target of $46.33.

Whirlpool Trading Down 0.6%

NYSE WHR opened at $39.89 on Friday. The company has a current ratio of 1.15, a quick ratio of 0.71 and a debt-to-equity ratio of 1.74. Whirlpool Corporation has a 1-year low of $35.45 and a 1-year high of $96.57. The firm’s fifty day simple moving average is $39.37 and its 200-day simple moving average is $49.89. The company has a market capitalization of $2.60 billion, a PE ratio of 13.66, a price-to-earnings-growth ratio of 17.84 and a beta of 1.16.

Whirlpool (NYSE:WHR) last issued its earnings results on Monday, August 3rd. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.15). Whirlpool had a net margin of 1.17% and a return on equity of 4.18%. The firm had revenue of $3.52 billion during the quarter, compared to analysts’ expectations of $3.55 billion. During the same quarter last year, the firm earned $1.34 EPS. The business’s revenue for the quarter was down 6.8% compared to the same quarter last year. Whirlpool has set its FY 2026 guidance at 2.500-3.000 EPS. As a group, sell-side analysts anticipate that Whirlpool Corporation will post 2.25 earnings per share for the current fiscal year.

About Whirlpool

Whirlpool Corporation is a leading global manufacturer and marketer of home appliances, with a product portfolio that spans major categories such as laundry, refrigeration, cooking, dishwashing and small electrics. Headquartered in Benton Harbor, Michigan, the company designs, produces and distributes its appliances through a network of wholly owned manufacturing facilities, joint ventures and third-party partners. Whirlpool serves both retail and professional markets, offering products under its flagship Whirlpool brand as well as several well-known names including Maytag, KitchenAid, JennAir, Amana, Brastemp and Consul.

In its laundry segment, Whirlpool provides top- and front-load washing machines, dryers and combination units designed to balance energy efficiency, capacity and convenience.