3,670 Shares in Whirlpool Corporation $WHR Purchased by Griffin Asset Management Inc.

Key Points

• Griffin Asset Management Inc. acquired 3,670 shares of Whirlpool Corporation, valued at approximately $372,000, indicating growing institutional interest in the company.
• Whirlpool recently reported a loss in earnings per share (EPS) for the quarter at $1.34, below the consensus estimate of $1.54, with a revenue decline of 5.4% year-over-year.
• Despite financial setbacks, Whirlpool's stock has a dividend yield of 5.0%, although the company has a negative dividend payout ratio of -135.85%.

Griffin Asset Management Inc. bought a new stake in Whirlpool Corporation (NYSE:WHR - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 3,670 shares of the company's stock, valued at approximately $372,000.

Several other hedge funds and other institutional investors also recently modified their holdings of WHR. Farther Finance Advisors LLC grew its position in 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 boosted its holdings in Whirlpool by 132.0% in the 1st quarter. GAMMA Investing LLC now owns 638 shares of the company's stock valued at $58,000 after purchasing an additional 363 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of Whirlpool in the first quarter valued at approximately $4,378,000. State of Alaska Department of Revenue boosted its stake in shares of Whirlpool by 3.0% in the first quarter. State of Alaska Department of Revenue now owns 6,487 shares of the company's stock valued at $584,000 after buying an additional 190 shares in the last quarter. Finally, PSI Advisors LLC boosted its stake in shares of Whirlpool by 51.2% in the first quarter. PSI Advisors LLC now owns 6,437 shares of the company's stock valued at $580,000 after buying an additional 2,179 shares in the last quarter. 90.78% of the stock is currently owned by hedge funds and other institutional investors.

Whirlpool Price Performance

WHR stock opened at $71.99 on Tuesday. Whirlpool Corporation has a 1 year low of $71.33 and a 1 year high of $135.49. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.46 and a current ratio of 0.85. The stock's 50 day moving average price is $85.90 and its 200 day moving average price is $86.91. The firm has a market cap of $4.02 billion, a P/E ratio of -27.17 and a beta of 1.17.

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

Whirlpool Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were paid a dividend of $0.90 per share. 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 (DPR) is currently -135.85%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on WHR shares. Zacks Research upgraded shares of Whirlpool from a "strong sell" rating to a "hold" rating in a research report on Tuesday, September 30th. Stifel Nicolaus assumed coverage on shares of Whirlpool in a report on Wednesday, October 8th. They set a "hold" rating and a $80.00 price objective on the stock. Loop Capital reissued a "hold" rating and set a $88.00 price objective on shares of Whirlpool in a report on Monday, August 4th. The Goldman Sachs Group decreased their price target on Whirlpool from $107.00 to $93.00 and set a "buy" rating on the stock in a research note on Monday. Finally, Weiss Ratings reiterated a "sell (d)" rating on shares of Whirlpool in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Reduce" and an average price target of $89.71.

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.

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