Arnhold LLC Lowers Stock Holdings in Whirlpool Corporation $WHR

Key Points

• Arnhold LLC reduced its stake in Whirlpool Corporation by 34.6% during the first quarter, holding about 59,248 shares valued at approximately $5.34 million.
• Whirlpool's Q2 earnings report missed expectations, posting earnings per share of $1.34, below the consensus estimate of $1.54, with a revenue decline of 5.4% year-over-year.
• The firm recently declared a dividend of $0.90 per share, representing an annual yield of 4.1%, amidst concerns over its -264.15% payout ratio.

Arnhold LLC lessened its holdings in shares of Whirlpool Corporation (NYSE:WHR - Free Report) by 34.6% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 59,248 shares of the company's stock after selling 31,291 shares during the quarter. Arnhold LLC owned about 0.11% of Whirlpool worth $5,340,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of WHR. Cheviot Value Management LLC purchased a new stake in shares of Whirlpool during the first quarter worth approximately $36,000. TD Waterhouse Canada Inc. increased its position in shares of Whirlpool by 120.7% in the 4th quarter. TD Waterhouse Canada Inc. now owns 320 shares of the company's stock valued at $37,000 after purchasing an additional 175 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of Whirlpool by 40.4% in the 1st quarter. UMB Bank n.a. now owns 448 shares of the company's stock valued at $40,000 after purchasing an additional 129 shares in the last quarter. Manitou Investment Management Ltd. acquired a new stake in Whirlpool in the first quarter valued at $50,000. Finally, HHM Wealth Advisors LLC raised its stake in Whirlpool by 77.2% in the first quarter. HHM Wealth Advisors LLC now owns 560 shares of the company's stock valued at $50,000 after buying an additional 244 shares in the last quarter. 90.78% of the stock is currently owned by institutional investors and hedge funds.

Whirlpool Stock Performance

WHR opened at $88.0220 on Friday. Whirlpool Corporation has a 1-year low of $73.72 and a 1-year high of $135.49. The stock has a market cap of $4.92 billion, a P/E ratio of -33.22 and a beta of 1.17. The stock's 50 day simple moving average is $94.48 and its 200 day simple moving average is $90.15. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.85 and a quick ratio of 0.46.

Whirlpool (NYSE:WHR - Get Free Report) last posted its 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). Whirlpool had a negative net margin of 0.95% and a positive return on equity of 20.81%. The business had revenue of $3.77 billion for the quarter, compared to analysts' expectations of $3.88 billion. During the same quarter last year, the business posted $2.39 earnings per share. The business's 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. As a group, equities analysts anticipate that Whirlpool Corporation will post 9.52 EPS for the current fiscal year.

Whirlpool Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be issued a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 4.1%. Whirlpool's payout ratio is -264.15%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. 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. Royal Bank Of Canada reduced their target price on Whirlpool from $65.00 to $63.00 and set an "underperform" rating for the company in a report on Wednesday, July 30th. Longbow Research raised 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 reaffirmed a "hold" rating and issued a $88.00 target price on shares of Whirlpool in a report on Monday, August 4th. Finally, Wall Street Zen cut shares of Whirlpool from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. Two analysts have rated the stock with a Buy rating, two have assigned 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.

About Whirlpool

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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