Arnhold LLC Decreases Stock Holdings in Whirlpool Corporation $WHR

Key Points

• Arnhold LLC has significantly reduced its stake in Whirlpool Corporation by 76.0%, now owning only 14,200 shares valued at approximately $1.44 million.
• Analysts have mixed ratings for Whirlpool, with a consensus rating of "Reduce" and a target price of $89.71, while Bank of America has downgraded its price target to $70.00.
• Whirlpool has recently declared a dividend cut with a payout of $0.90 per share while facing a negative dividend payout ratio of -135.85%.

Arnhold LLC reduced its stake in shares of Whirlpool Corporation (NYSE:WHR - Free Report) by 76.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,200 shares of the company's stock after selling 45,048 shares during the quarter. Arnhold LLC's holdings in Whirlpool were worth $1,440,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Nuveen LLC purchased a new stake in Whirlpool in the first quarter valued at about $82,461,000. Causeway Capital Management LLC purchased a new stake in Whirlpool in the first quarter valued at about $32,788,000. Dimensional Fund Advisors LP raised its stake in Whirlpool by 25.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,723,612 shares of the company's stock valued at $155,343,000 after buying an additional 350,397 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in Whirlpool in the first quarter valued at about $30,621,000. Finally, Newport Trust Company LLC raised its stake in Whirlpool by 11.4% in the first quarter. Newport Trust Company LLC now owns 1,806,101 shares of the company's stock valued at $162,784,000 after buying an additional 184,132 shares during the last quarter. 90.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

WHR has been the subject of a number of research analyst reports. Bank of America reiterated an "underperform" rating and issued a $70.00 price target (down from $100.00) on shares of Whirlpool in a research note on Tuesday, July 29th. Stifel Nicolaus initiated coverage on Whirlpool in a report on Wednesday, October 8th. They issued a "hold" rating and a $80.00 price objective on the stock. Longbow Research raised Whirlpool from a "neutral" rating to a "buy" rating and set a $145.00 price objective on the stock in a report on Monday, June 30th. Zacks Research raised Whirlpool from a "strong sell" rating to a "hold" rating in a report on Tuesday, September 30th. Finally, Weiss Ratings reissued a "sell (d)" rating on shares of Whirlpool in a report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Whirlpool presently has a consensus rating of "Reduce" and a consensus target price of $89.71.

Whirlpool Stock Up 0.6%

Whirlpool stock opened at $72.65 on Friday. The firm has a market cap of $4.06 billion, a price-to-earnings ratio of -27.42 and a beta of 1.17. Whirlpool Corporation has a 52 week low of $71.00 and a 52 week high of $135.49. The business's 50-day moving average price is $85.04 and its 200 day moving average price is $86.47. 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 (NYSE:WHR - Get Free Report) last posted its earnings results on Monday, July 28th. The company reported $1.34 EPS 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 analyst estimates 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 period last year, the business 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 anticipate that Whirlpool Corporation will post 9.52 earnings per share for the current year.

Whirlpool Cuts Dividend

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

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