Dimensional Fund Advisors LP Buys 350,397 Shares of Whirlpool Corporation $WHR

Key Points

• Dimensional Fund Advisors LP increased its stake in Whirlpool Corporation by 25.5% during the first quarter, purchasing 350,397 shares to hold approximately 1.72 million shares, valued at $155.3 million.
• Despite recent investments from various institutional investors, analysts have issued mixed ratings on Whirlpool, with a consensus rating of "Hold" and an average target price of $98.83.
• Whirlpool has announced a quarterly dividend of $0.90, down from previous payouts, and reported a disappointing earnings miss with a 5.4% revenue decline compared to last year.

Dimensional Fund Advisors LP raised its stake in shares of Whirlpool Corporation (NYSE:WHR - Free Report) by 25.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,723,612 shares of the company's stock after purchasing an additional 350,397 shares during the quarter. Dimensional Fund Advisors LP owned approximately 3.10% of Whirlpool worth $155,343,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. increased 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 valued at $201,529,000 after purchasing an additional 117,964 shares during the period. Nuveen Asset Management LLC boosted its holdings in shares of Whirlpool by 19.8% during the 4th quarter. Nuveen Asset Management LLC now owns 1,208,741 shares of the company's stock valued at $138,377,000 after buying an additional 199,663 shares in the last quarter. HighTower Advisors LLC boosted its holdings in shares of Whirlpool by 1.3% during the 1st quarter. HighTower Advisors LLC now owns 1,047,645 shares of the company's stock valued at $94,424,000 after buying an additional 13,038 shares in the last quarter. Nuveen LLC bought a new stake in shares of Whirlpool during the 1st quarter valued at $82,461,000. Finally, Northern Trust Corp boosted its holdings in shares of Whirlpool by 26.1% during the 4th quarter. Northern Trust Corp now owns 512,732 shares of the company's stock valued at $58,698,000 after buying an additional 106,259 shares in the last quarter. 90.78% of the stock is owned by hedge funds and other institutional investors.

Whirlpool Stock Up 1.5%

Whirlpool stock traded up $1.36 during mid-day trading on Tuesday, reaching $94.98. The stock had a trading volume of 1,117,516 shares, compared to its average volume of 2,103,663. The company has a market capitalization of $5.31 billion, a price-to-earnings ratio of -35.84 and a beta of 1.17. The company has a 50-day moving average price of $94.64 and a two-hundred day moving average price of $89.90. Whirlpool Corporation has a one year low of $73.72 and a one year high of $135.49. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.85 and a quick ratio of 0.46.

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

Whirlpool Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 3.8%. Whirlpool's dividend payout ratio is currently -264.15%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Wall Street Zen cut shares of Whirlpool from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Bank of America restated an "underperform" rating and set a $70.00 target price (down previously from $100.00) on shares of Whirlpool in a report on Tuesday, July 29th. JPMorgan Chase & Co. dropped their target price on shares of Whirlpool from $109.00 to $89.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Longbow Research upgraded shares of Whirlpool from a "neutral" rating to a "buy" rating and set a $145.00 target price on the stock in a report on Monday, June 30th. Finally, Loop Capital restated a "hold" rating and set a $88.00 target price on shares of Whirlpool in a report on Monday, August 4th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $98.83.

Whirlpool Company 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.