Bank of New York Mellon Corp Buys New Holdings in Whirlpool Corporation $WHR

Key Points

• Bank of New York Mellon acquired 380,675 Whirlpool shares worth approximately $15.0 million, representing about 0.59% of the company. Institutional investors and hedge funds collectively own 90.78% of Whirlpool.
• Analysts remain cautious: Whirlpool has a consensus “Reduce” rating, with one Buy, eight Hold and three Sell ratings, and an average price target of $46.33.
• Whirlpool’s latest quarter fell short of expectations, reporting a $0.21 per-share loss versus a $0.06 loss estimate, while revenue declined 6.8% year over year to $3.52 billion. Shares opened at $38.07, near the company’s 52-week low of $35.45.

Bank of New York Mellon Corp purchased a new position in shares of Whirlpool Corporation (NYSE:WHR - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 380,675 shares of the company's stock, valued at approximately $15,006,000. Bank of New York Mellon Corp owned about 0.59% of Whirlpool at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of WHR. Kelleher Financial Advisors acquired a new stake in shares of Whirlpool in the second quarter worth $28,000. Community Financial Services Group LLC lifted its holdings in shares of Whirlpool by 99.2% during the 2nd quarter. Community Financial Services Group LLC now owns 1,275 shares of the company's stock valued at $51,000 after acquiring an additional 635 shares in the last quarter. Kwmg LLC boosted its position in Whirlpool by 15.3% during the 2nd quarter. Kwmg LLC now owns 77,019 shares of the company's stock worth $3,036,000 after purchasing an additional 10,229 shares during the period. GAMMA Investing LLC increased its holdings in Whirlpool by 719.4% in the 2nd quarter. GAMMA Investing LLC now owns 2,663 shares of the company's stock valued at $105,000 after purchasing an additional 2,338 shares in the last quarter. Finally, Seven Six Capital Management LLC raised its position in Whirlpool by 32.5% in the first quarter. Seven Six Capital Management LLC now owns 43,150 shares of the company's stock valued at $2,327,000 after purchasing an additional 10,575 shares during the period. 90.78% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WHR has been the subject of several recent analyst reports. Weiss Ratings restated a "sell (d)" rating on shares of Whirlpool in a research note on Wednesday, August 5th. Stifel Nicolaus decreased their price objective on shares of Whirlpool from $45.00 to $37.00 and set a "hold" rating for the company in a report on Thursday, July 23rd. Raymond James Financial reissued a "market perform" rating on shares of Whirlpool in a report on Wednesday, August 19th. Mizuho decreased their target price on Whirlpool from $45.00 to $40.00 and set a "neutral" rating on the stock in a report on Tuesday, July 21st. Finally, JPMorgan Chase & Co. decreased their price target on Whirlpool from $59.00 to $52.00 and set a "neutral" rating for the company in a research report on Monday, May 11th. One research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Reduce" and an average target price of $46.33.

Whirlpool Stock Performance

Shares of WHR stock opened at $38.07 on Wednesday. The firm has a market cap of $2.48 billion, a P/E ratio of 13.04, a PEG ratio of 18.15 and a beta of 1.17. The stock's 50-day moving average is $39.53 and its two-hundred day moving average is $48.82. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.15 and a quick ratio of 0.71. Whirlpool Corporation has a fifty-two week low of $35.45 and a fifty-two week high of $96.57.

Whirlpool (NYSE:WHR - Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.15). Whirlpool had a return on equity of 4.18% and a net margin of 1.17%.The business had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $3.55 billion. During the same quarter in the prior year, the company posted $1.34 earnings per share. The company's revenue for the quarter was down 6.8% on a year-over-year basis. Whirlpool has set its FY 2026 guidance at 2.500-3.000 EPS. Analysts predict that Whirlpool Corporation will post 2.25 earnings per share for the current fiscal year.

Whirlpool Company Profile

Whirlpool Corporation is a leading global manufacturer and marketer of home appliances, with a product portfolio that spans major categories such as laundry, refrigeration, cooking, dishwashing and small electrics. Headquartered in Benton Harbor, Michigan, the company designs, produces and distributes its appliances through a network of wholly owned manufacturing facilities, joint ventures and third-party partners. Whirlpool serves both retail and professional markets, offering products under its flagship Whirlpool brand as well as several well-known names including Maytag, KitchenAid, JennAir, Amana, Brastemp and Consul.

In its laundry segment, Whirlpool provides top- and front-load washing machines, dryers and combination units designed to balance energy efficiency, capacity and convenience.

Want to see what other hedge funds are holding WHR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Whirlpool Corporation (NYSE:WHR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source