Deutsche Bank AG Acquires New Position in Whirlpool Corporation $WHR

Deutsche Bank AG bought a new position in shares of Whirlpool Corporation (NYSE:WHR - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 32,553 shares of the company's stock, valued at approximately $1,283,000. Deutsche Bank AG owned about 0.05% of Whirlpool as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of WHR. Angeles Wealth Management LLC grew its holdings in Whirlpool by 196.9% in the 1st quarter. Angeles Wealth Management LLC now owns 38,697 shares of the company's stock valued at $2,087,000 after buying an additional 25,663 shares during the period. SummitTX Capital L.P. purchased a new position in shares of Whirlpool during the 1st quarter worth about $4,406,000. Levin Capital Strategies L.P. boosted its position in shares of Whirlpool by 2,124.0% in the first quarter. Levin Capital Strategies L.P. now owns 115,850 shares of the company's stock worth $6,247,000 after acquiring an additional 110,641 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Whirlpool by 14.1% in the first quarter. Bank of New York Mellon Corp now owns 375,932 shares of the company's stock worth $20,270,000 after acquiring an additional 46,509 shares during the last quarter. Finally, RWWM Inc. grew its holdings in Whirlpool by 191.6% in the first quarter. RWWM Inc. now owns 2,422,618 shares of the company's stock valued at $130,628,000 after purchasing an additional 1,591,849 shares during the period. 90.78% of the stock is owned by hedge funds and other institutional investors.

Whirlpool Stock Up 3.7%

Shares of NYSE WHR opened at $41.24 on Friday. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.71 and a current ratio of 1.15. Whirlpool Corporation has a 1 year low of $35.45 and a 1 year high of $96.57. The stock's 50-day simple moving average is $39.41 and its 200-day simple moving average is $49.83. The firm has a market cap of $2.69 billion, a price-to-earnings ratio of 14.12, a PEG ratio of 18.29 and a beta of 1.16.

Whirlpool (NYSE:WHR - Get Free Report) last posted its quarterly earnings data on Monday, August 3rd. The company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts' expectations of $3.55 billion. During the same quarter in the prior year, the firm earned $1.34 earnings per share. Whirlpool's revenue for the quarter was down 6.8% compared to the same quarter last year. Whirlpool has set its FY 2026 guidance at 2.500-3.000 EPS. As a group, equities analysts anticipate that Whirlpool Corporation will post 2.25 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Citigroup reaffirmed a "neutral" rating on shares of Whirlpool in a research report on Thursday, August 6th. Raymond James Financial reiterated a "market perform" rating on shares of Whirlpool in a report on Wednesday, August 19th. Mizuho lowered their price objective on shares of Whirlpool from $45.00 to $40.00 and set a "neutral" rating for the company in a research note on Tuesday, July 21st. Wall Street Zen upgraded Whirlpool from a "strong sell" rating to a "sell" rating in a report on Saturday, August 8th. Finally, JPMorgan Chase & Co. cut their target price on Whirlpool from $59.00 to $52.00 and set a "neutral" rating on the stock in a research report on Monday, May 11th. One analyst has rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Reduce" and an average target price of $46.33.

About Whirlpool

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