Advisors Capital Management LLC Raises Holdings 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 increased its stake in Whirlpool Corporation (NYSE:WHR - Free Report) by 2.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 169,932 shares of the company's stock after acquiring an additional 3,376 shares during the period. Advisors Capital Management LLC owned approximately 0.31% of Whirlpool worth $15,316,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WHR. Nuveen LLC purchased a new position in Whirlpool in the first quarter worth about $82,461,000. Causeway Capital Management LLC purchased a new position in Whirlpool in the first quarter worth about $32,788,000. Dimensional Fund Advisors LP grew its position in Whirlpool by 25.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,723,612 shares of the company's stock worth $155,343,000 after acquiring an additional 350,397 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in Whirlpool in the first quarter worth about $30,621,000. Finally, Nuveen Asset Management LLC grew its position in Whirlpool by 19.8% in the fourth 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 in the last quarter. Hedge funds and other institutional investors own 90.78% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on WHR. Royal Bank Of Canada dropped their price target on Whirlpool from $65.00 to $63.00 and set an "underperform" rating for the company in a research report on Wednesday, July 30th. Wall Street Zen lowered Whirlpool from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. 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 report on Monday, June 30th. Loop Capital restated a "hold" rating and set a $88.00 target price on shares of Whirlpool in a research report on Monday, August 4th. Finally, Bank of America restated an "underperform" rating and set a $70.00 target price (down previously from $100.00) on shares of Whirlpool in a research report on Tuesday, July 29th. Two 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 company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $98.83.

Whirlpool Stock Performance

Shares of NYSE:WHR opened at $95.06 on Friday. The company has a market capitalization of $5.31 billion, a price-to-earnings ratio of -35.87 and a beta of 1.16. Whirlpool Corporation has a 52 week low of $73.72 and a 52 week high of $135.49. The company has a quick ratio of 0.46, a current ratio of 0.85 and a debt-to-equity ratio of 2.39. The firm has a 50 day moving average of $93.47 and a 200 day moving average of $89.21.

Whirlpool (NYSE:WHR - Get Free Report) last issued its quarterly earnings data 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 during 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 business's quarterly revenue was down 5.4% on a year-over-year basis. During the same period last year, the firm earned $2.39 EPS. Whirlpool has set its FY 2025 guidance at 6.000-8.000 EPS. On average, sell-side analysts predict that Whirlpool Corporation will post 9.52 earnings per share for the current fiscal year.

Whirlpool Cuts Dividend

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

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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