Causeway Capital Management LLC Invests $32.79 Million in Whirlpool Corporation $WHR

Key Points

• Causeway Capital Management LLC invested approximately $32.79 million in Whirlpool Corporation, acquiring 363,785 shares in the first quarter, which represents about 0.65% of the company's stock.
• Whirlpool's recent earnings report showed an EPS of $1.34, missing the analyst consensus estimate of $1.54, with a revenue of $3.77 billion that was below expectations of $3.88 billion.
• The company has set its FY 2025 EPS guidance between 6.000-8.000, while recently announcing a quarterly dividend of $0.90, resulting in a 3.8% yield despite an unusual negative payout ratio.

Causeway Capital Management LLC purchased a new position in Whirlpool Corporation (NYSE:WHR - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 363,785 shares of the company's stock, valued at approximately $32,788,000. Causeway Capital Management LLC owned approximately 0.65% of Whirlpool as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Synovus Financial Corp lifted its holdings in Whirlpool by 5.2% in the 1st quarter. Synovus Financial Corp now owns 4,217 shares of the company's stock worth $380,000 after purchasing an additional 208 shares in the last quarter. Quantitative Investment Management LLC purchased a new stake in Whirlpool in the 1st quarter worth $1,157,000. Jump Financial LLC boosted its holdings in shares of Whirlpool by 4,246.8% during the 1st quarter. Jump Financial LLC now owns 92,631 shares of the company's stock valued at $8,349,000 after purchasing an additional 90,500 shares during the last quarter. AlphaQuest LLC purchased a new position in shares of Whirlpool during the first quarter valued at about $108,000. Finally, Newport Trust Company LLC increased its holdings in shares of Whirlpool by 11.4% in the first quarter. Newport Trust Company LLC now owns 1,806,101 shares of the company's stock worth $162,784,000 after purchasing an additional 184,132 shares during the last quarter. 90.78% of the stock is currently owned by hedge funds and other institutional investors.

Whirlpool Trading Down 0.0%

NYSE:WHR opened at $93.6070 on Tuesday. The firm has a market cap of $5.23 billion, a P/E ratio of -35.32 and a beta of 1.17. The firm has a 50-day simple moving average of $94.57 and a 200-day simple moving average of $89.87. 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 Corporation has a one year low of $73.72 and a one year high of $135.49.

Whirlpool (NYSE:WHR - Get Free Report) last posted its earnings results on Monday, July 28th. The company reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.54 by ($0.20). The company had revenue of $3.77 billion during the quarter, compared to analysts' expectations of $3.88 billion. Whirlpool had a negative net margin of 0.95% and a positive return on equity of 20.81%. Whirlpool's revenue for the quarter was down 5.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.39 EPS. Whirlpool has set its FY 2025 guidance at 6.000-8.000 EPS. Equities analysts anticipate that Whirlpool Corporation will post 9.52 EPS for the current fiscal 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 3.8%. Whirlpool's payout ratio is -264.15%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. 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. Bank of America reaffirmed an "underperform" rating and set a $70.00 price objective (down from $100.00) on shares of Whirlpool in a research note on Tuesday, July 29th. Royal Bank Of Canada reduced their price target on Whirlpool from $65.00 to $63.00 and set an "underperform" rating on the stock in a report on Wednesday, July 30th. JPMorgan Chase & Co. dropped their price objective on Whirlpool from $109.00 to $89.00 and set a "neutral" rating for the company in a report on Monday, April 28th. Finally, Longbow Research upgraded Whirlpool from a "neutral" rating to a "buy" rating and set a $145.00 target price on the stock in a research note on Monday, June 30th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Whirlpool has an average rating of "Hold" and an average target price of $98.83.

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.

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