Arnhold LLC Sells 31,291 Shares of 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 lowered its stake in Whirlpool Corporation (NYSE:WHR - Free Report) by 34.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 59,248 shares of the company's stock after selling 31,291 shares during the period. Arnhold LLC owned approximately 0.11% of Whirlpool worth $5,340,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. TD Waterhouse Canada Inc. boosted its stake in Whirlpool by 120.7% in the fourth quarter. TD Waterhouse Canada Inc. now owns 320 shares of the company's stock valued at $37,000 after buying an additional 175 shares in the last quarter. Cheviot Value Management LLC acquired a new stake in Whirlpool in the first quarter valued at about $36,000. UMB Bank n.a. boosted its stake in Whirlpool by 40.4% in the first quarter. UMB Bank n.a. now owns 448 shares of the company's stock valued at $40,000 after buying an additional 129 shares in the last quarter. Anderson Financial Strategies LLC acquired a new stake in Whirlpool in the fourth quarter valued at about $54,000. Finally, GeoWealth Management LLC boosted its stake in Whirlpool by 49.1% in the fourth quarter. GeoWealth Management LLC now owns 495 shares of the company's stock valued at $57,000 after buying an additional 163 shares in the last quarter. 90.78% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on WHR shares. Wall Street Zen cut Whirlpool from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Loop Capital reaffirmed a "hold" rating and issued a $88.00 price objective on shares of Whirlpool in a research note on Monday, August 4th. 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. Royal Bank Of Canada lowered 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. Finally, Bank of America reaffirmed an "underperform" rating and issued a $70.00 price objective (down previously from $100.00) on shares of Whirlpool in a research note on Tuesday, July 29th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Whirlpool has a consensus rating of "Hold" and a consensus target price of $98.83.

Whirlpool Trading Down 0.5%

Shares of Whirlpool stock traded down $0.50 during midday trading on Wednesday, reaching $94.45. The company had a trading volume of 279,873 shares, compared to its average volume of 1,331,307. The stock has a fifty day moving average price of $94.64 and a 200 day moving average price of $89.90. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.85 and a quick ratio of 0.46. The firm has a market cap of $5.28 billion, a PE ratio of -35.69 and a beta of 1.17. Whirlpool Corporation has a fifty-two week low of $73.72 and a fifty-two week high of $135.49.

Whirlpool (NYSE:WHR - Get Free Report) last posted 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 company had revenue of $3.77 billion during 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%.Whirlpool's revenue was down 5.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.39 earnings per share. Whirlpool has set its FY 2025 guidance at 6.000-8.000 EPS. On average, equities analysts anticipate that Whirlpool Corporation will post 9.52 earnings per share for the current year.

Whirlpool Cuts Dividend

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

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.