Advisors Capital Management LLC Has $15.32 Million Stake in Whirlpool Corporation $WHR

Key Points

• Advisors Capital Management LLC has increased its stake in Whirlpool Corporation by 2.0%, owning approximately 0.31% of the company valued at $15.3 million as of the latest SEC filing.
• Whirlpool's stock has received mixed ratings from analysts, with two analysts rating it as a Buy, and a consensus target price of $98.83.
• The company reported a quarterly EPS of $1.34, missing estimates, and has set its FY 2025 EPS guidance between $6.00 and $8.00.

Advisors Capital Management LLC grew its position in shares of Whirlpool Corporation (NYSE:WHR - Free Report) by 2.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 169,932 shares of the company's stock after buying an additional 3,376 shares during the quarter. Advisors Capital Management LLC owned approximately 0.31% of Whirlpool worth $15,316,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Nuveen LLC acquired a new stake in shares of Whirlpool in the 1st quarter valued at $82,461,000. Causeway Capital Management LLC acquired a new stake in Whirlpool in the 1st quarter worth approximately $32,788,000. Dimensional Fund Advisors LP lifted its holdings in Whirlpool by 25.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,723,612 shares of the company's stock worth $155,343,000 after purchasing an additional 350,397 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in Whirlpool during the 1st quarter worth $30,621,000. Finally, Nuveen Asset Management LLC lifted its position in Whirlpool by 19.8% during the 4th quarter. Nuveen Asset Management LLC now owns 1,208,741 shares of the company's stock worth $138,377,000 after acquiring an additional 199,663 shares during the last quarter. 90.78% of the stock is currently owned by institutional investors and hedge funds.

Whirlpool Stock Down 1.3%

Shares of WHR traded down $1.22 on Wednesday, hitting $89.09. The company's stock had a trading volume of 279,853 shares, compared to its average volume of 1,309,477. The firm has a market capitalization of $4.98 billion, a price-to-earnings ratio of -33.70 and a beta of 1.16. The company has a quick ratio of 0.46, a current ratio of 0.85 and a debt-to-equity ratio of 2.39. Whirlpool Corporation has a fifty-two week low of $73.72 and a fifty-two week high of $135.49. The firm's fifty day moving average price is $92.39 and its 200-day moving average price is $88.85.

Whirlpool (NYSE:WHR - Get Free Report) last announced its 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). Whirlpool had a positive return on equity of 20.81% and a negative net margin of 0.95%.The company had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.88 billion. During the same period in the previous year, the company posted $2.39 earnings per share. Whirlpool's revenue for the quarter was down 5.4% on a year-over-year basis. Whirlpool has set its FY 2025 guidance at 6.000-8.000 EPS. On average, equities research analysts expect that Whirlpool Corporation will post 9.52 EPS for the current year.

Whirlpool Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date was Friday, August 29th. Whirlpool's dividend payout ratio is currently -135.85%.

Wall Street Analysts Forecast Growth

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

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.