Edmond DE Rothschild Holding S.A. Has $12.62 Million Stock Position in Whirlpool Corporation $WHR

Key Points

• Edmond DE Rothschild Holding S.A. increased its stake in Whirlpool Corporation by 12.0%, owning a total of 140,000 shares valued at approximately $12.6 million as of its latest SEC filing.
• Whirlpool's quarterly earnings fell short of expectations, reporting $1.34 EPS, compared to a consensus estimate of $1.54, along with a 5.4% year-over-year decline in revenue.
• The company cut its dividend payout to $0.90 per share, resulting in a 4.0% yield, despite a negative dividend payout ratio of -135.85%.

Edmond DE Rothschild Holding S.A. raised its holdings in shares of Whirlpool Corporation (NYSE:WHR - Free Report) by 12.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 140,000 shares of the company's stock after acquiring an additional 15,000 shares during the quarter. Edmond DE Rothschild Holding S.A. owned approximately 0.25% of Whirlpool worth $12,618,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in WHR. Nuveen LLC bought a new position in shares of Whirlpool during the 1st quarter worth approximately $82,461,000. Causeway Capital Management LLC bought a new position in shares of Whirlpool during the 1st quarter worth approximately $32,788,000. Dimensional Fund Advisors LP grew its stake in shares of Whirlpool by 25.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,723,612 shares of the company's stock worth $155,343,000 after acquiring an additional 350,397 shares in the last quarter. Nuveen Asset Management LLC grew its stake 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 worth $138,377,000 after acquiring an additional 199,663 shares in the last quarter. Finally, Newport Trust Company LLC grew its stake in shares of Whirlpool by 11.4% during the 1st quarter. Newport Trust Company LLC now owns 1,806,101 shares of the company's stock worth $162,784,000 after acquiring an additional 184,132 shares in the last quarter. 90.78% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on WHR. Royal Bank Of Canada decreased their price target on shares of Whirlpool from $65.00 to $63.00 and set an "underperform" rating for the company in a research note on Wednesday, July 30th. Wall Street Zen cut shares of Whirlpool from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. Loop Capital reissued a "hold" rating and issued a $88.00 target price on shares of Whirlpool in a research note on Monday, August 4th. Longbow Research raised shares of Whirlpool from a "neutral" rating to a "buy" rating and set a $145.00 target price for the company in a research note on Monday, June 30th. Finally, Bank of America reissued an "underperform" rating and issued a $70.00 target price (down from $100.00) on shares of Whirlpool in a research note on Tuesday, July 29th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $98.83.

Whirlpool Stock Performance

Whirlpool stock traded up $2.39 during mid-day trading on Friday, hitting $94.42. 1,228,212 shares of the company's stock traded hands, compared to its average volume of 1,018,279. The firm has a 50 day simple moving average of $94.45 and a two-hundred day simple moving average of $89.37. Whirlpool Corporation has a fifty-two week low of $73.72 and a fifty-two week high of $135.49. The stock has a market cap of $5.28 billion, a price-to-earnings ratio of -35.63 and a beta of 1.16. 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 the consensus estimate of $1.54 by ($0.20). Whirlpool had a negative net margin of 0.95% and a positive return on equity of 20.81%. The business had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.88 billion. During the same period in the prior year, the business earned $2.39 EPS. The company's revenue for the quarter was down 5.4% compared to the same quarter last year. Whirlpool has set its FY 2025 guidance at 6.000-8.000 EPS. On average, research analysts expect that Whirlpool Corporation will post 9.52 EPS for the current fiscal year.

Whirlpool Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be issued a dividend of $0.90 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $3.60 annualized dividend and a yield of 3.8%. Whirlpool's dividend payout ratio (DPR) is currently -135.85%.

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.