Whirlpool Corporation $WHR Shares Acquired by Bayforest Capital Ltd

Key Points

• Bayforest Capital Ltd significantly increased its holdings in Whirlpool Corporation by 816.6% in Q1, now owning 6,086 shares valued at approximately $549,000.
• Whirlpool's recent earnings report showed a miss on EPS estimates with $1.34 reported, down from $2.39 year-over-year, and revenue of $3.77 billion, underperforming analyst expectations.
• Whirlpool has cut its dividend to $0.90 per share, reflecting a dividend payout ratio of -135.85%, indicating potential financial challenges.

Bayforest Capital Ltd boosted its holdings in shares of Whirlpool Corporation (NYSE:WHR - Free Report) by 816.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,086 shares of the company's stock after buying an additional 5,422 shares during the quarter. Bayforest Capital Ltd's holdings in Whirlpool were worth $549,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its position in Whirlpool by 5.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,235,977 shares of the company's stock worth $201,529,000 after buying an additional 117,964 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Whirlpool by 13.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 44,934 shares of the company's stock worth $4,022,000 after buying an additional 5,202 shares during the last quarter. CCM Investment Group LLC purchased a new position in shares of Whirlpool during the 1st quarter valued at approximately $628,000. HighTower Advisors LLC lifted its stake in shares of Whirlpool by 1.3% in the 1st quarter. HighTower Advisors LLC now owns 1,047,645 shares of the company's stock valued at $94,424,000 after purchasing an additional 13,038 shares during the period. Finally, Baird Financial Group Inc. lifted its stake in shares of Whirlpool by 26.6% in the 1st quarter. Baird Financial Group Inc. now owns 32,718 shares of the company's stock valued at $2,949,000 after purchasing an additional 6,873 shares during the period. 90.78% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on WHR shares. Bank of America reiterated an "underperform" rating and issued a $70.00 target price (down from $100.00) on shares of Whirlpool in a research note on Tuesday, July 29th. Royal Bank Of Canada decreased their target price on shares of Whirlpool from $65.00 to $63.00 and set an "underperform" rating for the company in a research note on Wednesday, July 30th. Wall Street Zen lowered shares of Whirlpool from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Longbow Research raised shares of Whirlpool from a "neutral" rating to a "buy" rating and set a $145.00 price target for the company in a report on Monday, June 30th. Finally, Loop Capital reissued a "hold" rating and issued a $88.00 price target on shares of Whirlpool in a report on Monday, August 4th. Two 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, the company has an average rating of "Hold" and a consensus target price of $98.83.

Whirlpool Price Performance

Whirlpool stock traded down $2.56 during midday trading on Monday, reaching $89.54. 410,285 shares of the company were exchanged, compared to its average volume of 1,309,202. The company has a market capitalization of $5.00 billion, a price-to-earnings ratio of -33.75 and a beta of 1.16. The firm's 50-day simple moving average is $93.12 and its 200-day simple moving average is $88.92. Whirlpool Corporation has a 1 year low of $73.72 and a 1 year high of $135.49. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.46 and a current ratio of 0.85.

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). Whirlpool had a positive return on equity of 20.81% and a negative net margin of 0.95%.The company had revenue of $3.77 billion for the quarter, compared to analysts' expectations of $3.88 billion. During the same quarter in the prior year, the business posted $2.39 EPS. The company's revenue for the quarter was down 5.4% compared to the same quarter last year. Whirlpool has set its FY 2025 guidance at 6.000-8.000 EPS. On average, analysts anticipate that Whirlpool Corporation will post 9.52 EPS for the current year.

Whirlpool Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be paid a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, August 29th. Whirlpool's 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.