11,797 Shares in Whirlpool Corporation $WHR Bought by SCS Capital Management LLC

Key Points

• SCS Capital Management LLC has acquired 11,797 shares of Whirlpool Corporation valued at approximately $1,063,000 as part of its first quarter investments.
• Whirlpool reported a loss of $0.20 in earnings per share, missing analysts' expectations, with revenue down 5.4% year-over-year for the recent quarter.
• The company announced a quarterly dividend of $0.90 per share, but currently has a negative payout ratio of -135.85% indicating financial challenges.

SCS Capital Management LLC acquired a new position in shares of Whirlpool Corporation (NYSE:WHR - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,797 shares of the company's stock, valued at approximately $1,063,000.

Other hedge funds have also modified their holdings of the company. Cheviot Value Management LLC purchased a new stake in shares of Whirlpool in the first quarter valued at about $36,000. UMB Bank n.a. boosted its stake in shares of Whirlpool by 40.4% in the first quarter. UMB Bank n.a. now owns 448 shares of the company's stock valued at $40,000 after purchasing an additional 129 shares during the period. Manitou Investment Management Ltd. purchased a new position in shares of Whirlpool in the first quarter valued at approximately $50,000. HHM Wealth Advisors LLC raised its holdings in Whirlpool by 77.2% in the first quarter. HHM Wealth Advisors LLC now owns 560 shares of the company's stock valued at $50,000 after acquiring an additional 244 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in Whirlpool by 132.0% in the first quarter. GAMMA Investing LLC now owns 638 shares of the company's stock valued at $58,000 after acquiring an additional 363 shares in the last quarter. 90.78% of the stock is currently owned by institutional investors and hedge funds.

Whirlpool Price Performance

NYSE:WHR opened at $93.70 on Thursday. The firm has a market cap of $5.24 billion, a price-to-earnings ratio of -35.36 and a beta of 1.16. The company has a current ratio of 0.85, a quick ratio of 0.46 and a debt-to-equity ratio of 2.39. The company's 50-day moving average is $93.76 and its two-hundred day moving average is $89.25. Whirlpool Corporation has a 12-month low of $73.72 and a 12-month high of $135.49.

Whirlpool (NYSE:WHR - Get Free Report) last released its earnings results on Monday, July 28th. The company reported $1.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.54 by ($0.20). The firm had revenue of $3.77 billion during the quarter, compared to analysts' expectations of $3.88 billion. Whirlpool had a negative net margin of 0.95% and a positive return on equity of 20.81%. Whirlpool's revenue for the quarter was down 5.4% on a year-over-year basis. During the same quarter last year, the company posted $2.39 earnings per share. Whirlpool has set its FY 2025 guidance at 6.000-8.000 EPS. Research analysts expect that Whirlpool Corporation will post 9.52 EPS for the current year.

Whirlpool Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be paid a dividend of $0.90 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.8%. Whirlpool's dividend payout ratio is currently -135.85%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on WHR shares. Bank of America reissued an "underperform" rating and set a $70.00 price objective (down previously from $100.00) on shares of Whirlpool in a report on Tuesday, July 29th. Wall Street Zen cut shares of Whirlpool from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Loop Capital reaffirmed a "hold" rating and issued a $88.00 target price on shares of Whirlpool in a report on Monday, August 4th. Royal Bank Of Canada dropped their price objective on shares of Whirlpool from $65.00 to $63.00 and set an "underperform" rating on the stock in a research note on Wednesday, July 30th. Finally, 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 note on Monday, June 30th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $98.83.

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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