SCS Capital Management LLC Buys New Holdings in Whirlpool Corporation $WHR

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 bought a new stake in Whirlpool Corporation (NYSE:WHR - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 11,797 shares of the company's stock, valued at approximately $1,063,000.

Other institutional investors also recently bought and sold shares of the company. Nuveen LLC purchased a new stake in shares of Whirlpool during the first quarter worth approximately $82,461,000. Causeway Capital Management LLC acquired a new stake in Whirlpool in the first quarter valued at $32,788,000. Dimensional Fund Advisors LP grew its holdings in Whirlpool by 25.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,723,612 shares of the company's stock valued at $155,343,000 after purchasing an additional 350,397 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in Whirlpool in the first quarter valued at $30,621,000. Finally, Nuveen Asset Management LLC grew its holdings in Whirlpool by 19.8% in the fourth quarter. Nuveen Asset Management LLC now owns 1,208,741 shares of the company's stock valued at $138,377,000 after purchasing an additional 199,663 shares during the last quarter. 90.78% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently weighed in on WHR shares. Loop Capital reiterated a "hold" rating and set a $88.00 target price on shares of Whirlpool in a research report on Monday, August 4th. Longbow Research upgraded Whirlpool from a "neutral" rating to a "buy" rating and set a $145.00 target price for the company in a research note on Monday, June 30th. Royal Bank Of Canada lowered their price objective on Whirlpool from $65.00 to $63.00 and set an "underperform" rating for the company in a research note on Wednesday, July 30th. Bank of America reaffirmed an "underperform" rating and set a $70.00 target price (down previously from $100.00) on shares of Whirlpool in a report on Tuesday, July 29th. Finally, Wall Street Zen downgraded Whirlpool from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $98.83.

Whirlpool Trading Down 0.5%

Shares of WHR stock traded down $0.41 during trading hours on Tuesday, reaching $89.53. The company had a trading volume of 307,767 shares, compared to its average volume of 1,307,208. The company has a 50 day moving average of $92.75 and a 200 day moving average of $88.84. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.85 and a quick ratio of 0.46. The firm has a market cap of $5.00 billion, a price-to-earnings ratio of -33.81 and a beta of 1.16. Whirlpool Corporation has a 1-year low of $73.72 and a 1-year high of $135.49.

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

Whirlpool Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were issued a $0.90 dividend. The ex-dividend date was Friday, August 29th. This represents a $3.60 annualized dividend and a dividend yield of 4.0%. Whirlpool's dividend payout ratio (DPR) is presently -135.85%.

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.