Dimensional Fund Advisors LP Purchases 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 lifted its position in Whirlpool Corporation (NYSE:WHR - Free Report) by 25.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,723,612 shares of the company's stock after buying an additional 350,397 shares during the period. Dimensional Fund Advisors LP owned about 3.10% of Whirlpool worth $155,343,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Cheviot Value Management LLC acquired a new position in shares of Whirlpool in the 1st quarter valued at approximately $36,000. TD Waterhouse Canada Inc. raised its holdings in shares of Whirlpool by 120.7% during the fourth quarter. TD Waterhouse Canada Inc. now owns 320 shares of the company's stock worth $37,000 after acquiring an additional 175 shares during the period. UMB Bank n.a. lifted its position in Whirlpool by 40.4% in the 1st quarter. UMB Bank n.a. now owns 448 shares of the company's stock valued at $40,000 after acquiring an additional 129 shares in the last quarter. Manitou Investment Management Ltd. bought a new stake in Whirlpool in the 1st quarter valued at $50,000. Finally, HHM Wealth Advisors LLC boosted its stake in Whirlpool by 77.2% in the 1st quarter. HHM Wealth Advisors LLC now owns 560 shares of the company's stock worth $50,000 after purchasing an additional 244 shares during the period. 90.78% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on WHR shares. Loop Capital reissued a "hold" rating and issued a $88.00 price target on shares of Whirlpool in a research note on Monday, August 4th. Royal Bank Of Canada cut their target price on Whirlpool from $65.00 to $63.00 and set an "underperform" rating on the stock in a research note on Wednesday, July 30th. Longbow Research raised Whirlpool from a "neutral" rating to a "buy" rating and set a $145.00 price target for the company in a research report on Monday, June 30th. Bank of America reiterated an "underperform" rating and issued a $70.00 price objective (down from $100.00) on shares of Whirlpool in a report on Tuesday, July 29th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Whirlpool from $109.00 to $89.00 and set a "neutral" rating for the company in a report on Monday, April 28th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $98.83.

Whirlpool Trading Down 2.8%

NYSE WHR opened at $87.1030 on Thursday. Whirlpool Corporation has a 12 month low of $73.72 and a 12 month high of $135.49. The company has a current ratio of 0.85, a quick ratio of 0.46 and a debt-to-equity ratio of 2.39. The stock has a 50 day moving average of $94.48 and a 200-day moving average of $90.23. The company has a market cap of $4.87 billion, a PE ratio of -32.87 and a beta of 1.17.

Whirlpool (NYSE:WHR - Get Free Report) last posted its quarterly 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 firm had revenue of $3.77 billion for 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 was down 5.4% compared to the same quarter last year. During the same period last year, the company posted $2.39 earnings per share. Whirlpool has set its FY 2025 guidance at 6.000-8.000 EPS. On average, equities research analysts anticipate that Whirlpool Corporation will post 9.52 EPS for the current fiscal year.

Whirlpool Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be paid a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 4.1%. Whirlpool's dividend payout ratio (DPR) is currently -135.85%.

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.

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