4,035 Shares in Whirlpool Corporation $WHR Purchased by First City Capital Management Inc.

Key Points

• First City Capital Management Inc. has purchased 4,035 shares of Whirlpool Corporation valued at approximately $409,000, indicating growing institutional interest in the company.
• Whirlpool reported an EPS of $1.34 for the latest quarter, missing analyst estimates and showing a 5.4% decline in revenue year-over-year.
• The company's recent quarterly dividend of $0.90 translates to a 4.5% yield, but its dividend payout ratio is currently negative at -135.85%.

First City Capital Management Inc. acquired a new position in shares of Whirlpool Corporation (NYSE:WHR - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 4,035 shares of the company's stock, valued at approximately $409,000.

Several other large investors have also made changes to their positions in WHR. Cheviot Value Management LLC acquired a new position in shares of Whirlpool during the 1st quarter worth about $36,000. Ransom Advisory Ltd acquired a new position in Whirlpool in the 1st quarter valued at approximately $38,000. UMB Bank n.a. raised its holdings in Whirlpool by 40.4% in the 1st quarter. UMB Bank n.a. now owns 448 shares of the company's stock valued at $40,000 after acquiring an additional 129 shares in the last quarter. Manitou Investment Management Ltd. acquired a new position in Whirlpool in the 1st quarter valued at approximately $50,000. Finally, HHM Wealth Advisors LLC raised its holdings in Whirlpool by 77.2% in the 1st 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. Institutional investors and hedge funds own 90.78% of the company's stock.

Whirlpool Stock Down 0.3%

NYSE WHR opened at $79.72 on Thursday. The firm has a market cap of $4.46 billion, a PE ratio of -30.08 and a beta of 1.16. Whirlpool Corporation has a one year low of $73.72 and a one year high of $135.49. The stock's 50 day simple moving average is $89.71 and its 200 day simple moving average is $88.41. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.85 and a quick ratio of 0.46.

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

Whirlpool Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Friday, August 29th. Whirlpool's dividend payout ratio (DPR) is presently -135.85%.

Analyst Ratings Changes

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

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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