Allianz Asset Management GmbH Grows Stock Position in Whirlpool Corporation $WHR

Key Points

• Allianz Asset Management GmbH increased its stock position in Whirlpool Corporation by 72.4%, acquiring an additional 95,680 shares during the second quarter, bringing its total to 227,817 shares valued at approximately $23 million.
• Whirlpool reported earnings per share (EPS) of $1.34 for the last quarter, missing the consensus estimate by 20 cents and experiencing a 5.4% decline in revenue compared to the previous year.
• The company recently declared a quarterly dividend of $0.90 per share; however, it has a dividend payout ratio of -135.85%, indicating potential concerns about its sustainability.

Allianz Asset Management GmbH raised its holdings in Whirlpool Corporation (NYSE:WHR - Free Report) by 72.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 227,817 shares of the company's stock after buying an additional 95,680 shares during the quarter. Allianz Asset Management GmbH owned about 0.41% of Whirlpool worth $23,105,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WHR. GAMMA Investing LLC raised its stake in Whirlpool by 132.0% in the first quarter. GAMMA Investing LLC now owns 638 shares of the company's stock valued at $58,000 after buying an additional 363 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in Whirlpool in the first quarter valued at about $4,378,000. State of Alaska Department of Revenue raised 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 worth $584,000 after purchasing an additional 190 shares during the last quarter. Retirement Systems of Alabama raised its stake in shares of Whirlpool by 0.5% in the first quarter. Retirement Systems of Alabama now owns 67,408 shares of the company's stock worth $6,075,000 after purchasing an additional 362 shares during the last quarter. Finally, Edmp Inc. raised its stake in shares of Whirlpool by 30.5% in the first quarter. Edmp Inc. now owns 21,548 shares of the company's stock worth $1,942,000 after purchasing an additional 5,036 shares during the last quarter. 90.78% of the stock is currently owned by hedge funds and other institutional investors.

Whirlpool Stock Up 0.6%

Shares of WHR stock opened at $72.65 on Monday. The stock has a 50 day moving average of $85.04 and a 200 day moving average of $86.45. The company has a current ratio of 0.85, a quick ratio of 0.46 and a debt-to-equity ratio of 2.39. The stock has a market cap of $4.06 billion, a P/E ratio of -27.42 and a beta of 1.17. Whirlpool Corporation has a twelve month low of $71.00 and a twelve month high of $135.49.

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

Whirlpool Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 5.0%. The ex-dividend date was Friday, August 29th. Whirlpool's dividend payout ratio (DPR) is currently -135.85%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Zacks Research upgraded Whirlpool from a "strong sell" rating to a "hold" rating in a research note on Tuesday, September 30th. Stifel Nicolaus assumed coverage on Whirlpool in a research note on Wednesday, October 8th. They issued a "hold" rating and a $80.00 price objective for the company. The Goldman Sachs Group reduced their price objective on Whirlpool from $107.00 to $93.00 and set a "buy" rating for the company in a research note on Monday, October 13th. Weiss Ratings restated a "sell (d)" rating on shares of Whirlpool in a research note on Wednesday, October 8th. Finally, Wall Street Zen cut Whirlpool from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Reduce" and a consensus price target of $89.71.

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.

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