AQR Capital Management LLC Has $8.26 Million Stock Holdings in Whirlpool Corporation $WHR

Key Points

• AQR Capital Management LLC significantly reduced its stake in Whirlpool Corporation by 60.9%, owning 93,671 shares after selling 145,846 during the first quarter.
• Analysts have mixed sentiments on Whirlpool, with Bank of America setting a lower price target of $70.00, while Longbow Research raised its rating to "buy" with a target of $145.00.
• Whirlpool announced a quarterly dividend of $0.90, which represents a 3.8% yield, though the company's dividend payout ratio is negative at -135.85%.

AQR Capital Management LLC trimmed its holdings in shares of Whirlpool Corporation (NYSE:WHR - Free Report) by 60.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 93,671 shares of the company's stock after selling 145,846 shares during the period. AQR Capital Management LLC owned about 0.17% of Whirlpool worth $8,262,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Amundi raised its stake in shares of Whirlpool by 5.6% during the 1st quarter. Amundi now owns 205,752 shares of the company's stock worth $17,719,000 after buying an additional 10,973 shares in the last quarter. American Trust Investment Advisors LLC raised its stake in shares of Whirlpool by 29.8% during the 1st quarter. American Trust Investment Advisors LLC now owns 8,685 shares of the company's stock worth $783,000 after buying an additional 1,995 shares in the last quarter. Promethium Advisors LLC purchased a new position in shares of Whirlpool during the 1st quarter worth approximately $689,000. Royal Bank of Canada raised its stake in shares of Whirlpool by 23.4% during the 1st quarter. Royal Bank of Canada now owns 639,692 shares of the company's stock worth $57,655,000 after buying an additional 121,422 shares in the last quarter. Finally, Graham Capital Management L.P. purchased a new position in shares of Whirlpool during the 1st quarter worth approximately $2,152,000. 90.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on WHR shares. Loop Capital reissued a "hold" rating and set a $88.00 target price on shares of Whirlpool in a research note on Monday, August 4th. Bank of America reaffirmed 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 downgraded Whirlpool from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. Longbow Research raised Whirlpool from a "neutral" rating to a "buy" rating and set a $145.00 price objective for the company in a research note on Monday, June 30th. Finally, Royal Bank Of Canada dropped their price objective on Whirlpool from $65.00 to $63.00 and set an "underperform" rating for the company in a research note on Wednesday, July 30th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $98.83.

Whirlpool Stock Down 4.2%

Shares of NYSE WHR traded down $3.83 during midday trading on Wednesday, reaching $86.47. 1,582,853 shares of the company's stock were exchanged, compared to its average volume of 1,007,595. Whirlpool Corporation has a 52-week low of $73.72 and a 52-week high of $135.49. The stock has a market capitalization of $4.83 billion, a PE ratio of -32.63 and a beta of 1.16. 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 business's fifty day moving average price is $91.95 and its two-hundred day moving average price is $88.83.

Whirlpool (NYSE:WHR - Get Free Report) last announced its quarterly earnings data 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). Whirlpool had a negative net margin of 0.95% and a positive return on equity of 20.81%. The firm had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.88 billion. During the same period in the prior year, the firm earned $2.39 earnings per share. The firm's quarterly 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. Analysts forecast that Whirlpool Corporation will post 9.52 EPS for the current 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 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend was Friday, August 29th. Whirlpool's dividend payout ratio (DPR) is presently -135.85%.

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.