Canada Pension Plan Investment Board Invests $61 Million in Whirlpool Corporation $WHR

Key Points

• Canada Pension Plan Investment Board purchased 1.55 million Whirlpool shares worth approximately $61 million, giving it a 2.37% stake. Institutional investors and hedge funds collectively own 90.78% of the company.
• Analyst sentiment remains cautious: Whirlpool has a consensus “Reduce” rating and an average price target of $46.33, with recent targets including Wells Fargo’s $42 and Bank of America’s $36.
• Whirlpool reported a quarterly loss of $0.21 per share, missing estimates by $0.15, while revenue fell 6.8% year over year to $3.52 billion. The stock opened at $39.89, near its 52-week low of $35.45.

Canada Pension Plan Investment Board purchased a new stake in Whirlpool Corporation (NYSE:WHR - Free Report) in the second quarter, according to its most recent filing with the SEC. The fund purchased 1,547,522 shares of the company's stock, valued at approximately $61,003,000. Canada Pension Plan Investment Board owned about 2.37% of Whirlpool at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. NewEdge Advisors LLC increased its stake in Whirlpool by 56.7% during the first quarter. NewEdge Advisors LLC now owns 3,120 shares of the company's stock valued at $281,000 after purchasing an additional 1,129 shares during the last quarter. Empowered Funds LLC lifted its position in shares of Whirlpool by 206.5% in the 1st quarter. Empowered Funds LLC now owns 8,528 shares of the company's stock worth $769,000 after buying an additional 5,746 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Whirlpool by 15.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 214,918 shares of the company's stock worth $19,371,000 after buying an additional 27,995 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Whirlpool by 3.2% in the 2nd quarter. Invesco Ltd. now owns 229,566 shares of the company's stock valued at $23,283,000 after buying an additional 7,151 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in shares of Whirlpool by 129.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 369 shares of the company's stock valued at $37,000 after buying an additional 208 shares during the last quarter. 90.78% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

WHR has been the topic of several research reports. Wells Fargo & Company began coverage on shares of Whirlpool in a research note on Monday. They set an "equal weight" rating and a $42.00 price objective on the stock. Weiss Ratings restated a "sell (d)" rating on shares of Whirlpool in a research note on Wednesday, August 5th. Wall Street Zen raised Whirlpool from a "strong sell" rating to a "sell" rating in a report on Saturday, August 8th. Zacks Research upgraded Whirlpool from a "strong sell" rating to a "hold" rating in a research report on Thursday, August 6th. Finally, Bank of America cut their price target on Whirlpool from $43.00 to $36.00 and set an "underperform" rating on the stock in a report on Monday, June 22nd. One research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Reduce" and a consensus price target of $46.33.

Whirlpool Stock Down 0.6%

WHR stock opened at $39.89 on Friday. The company has a quick ratio of 0.71, a current ratio of 1.15 and a debt-to-equity ratio of 1.74. Whirlpool Corporation has a fifty-two week low of $35.45 and a fifty-two week high of $96.57. The firm's 50-day simple moving average is $39.37 and its 200 day simple moving average is $49.89. The stock has a market cap of $2.60 billion, a PE ratio of 13.66, a price-to-earnings-growth ratio of 17.84 and a beta of 1.16.

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

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