Engineers Gate Manager LP Buys Shares of 33,474 Whirlpool Corporation $WHR

Engineers Gate Manager LP acquired a new stake in Whirlpool Corporation (NYSE:WHR - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 33,474 shares of the company's stock, valued at approximately $1,320,000. Engineers Gate Manager LP owned about 0.05% of Whirlpool as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Newport Trust Company LLC increased its position in shares of Whirlpool by 10.2% during the fourth quarter. Newport Trust Company LLC now owns 2,391,252 shares of the company's stock valued at $172,505,000 after acquiring an additional 221,564 shares during the last quarter. Primecap Management Co. CA acquired a new position in shares of Whirlpool in the 2nd quarter worth approximately $141,801,000. RWWM Inc. boosted its position in shares of Whirlpool by 191.6% during the 1st quarter. RWWM Inc. now owns 2,422,618 shares of the company's stock worth $130,628,000 after purchasing an additional 1,591,849 shares during the period. Geode Capital Management LLC boosted its position in shares of Whirlpool by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 1,279,044 shares of the company's stock worth $92,472,000 after purchasing an additional 29,162 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new stake in Whirlpool in the 2nd quarter valued at approximately $61,003,000. 90.78% of the stock is currently owned by hedge funds and other institutional investors.

Whirlpool Trading Up 2.2%

NYSE:WHR opened at $33.15 on Friday. The stock has a 50-day simple moving average of $39.03 and a 200-day simple moving average of $45.02. The stock has a market cap of $2.16 billion, a P/E ratio of 11.35, a P/E/G ratio of 14.41 and a beta of 1.18. Whirlpool Corporation has a 1 year low of $32.12 and a 1 year high of $94.82. 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 (NYSE:WHR - Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.15). The company had revenue of $3.52 billion during the quarter, compared to analysts' expectations of $3.55 billion. Whirlpool had a net margin of 1.17% and a return on equity of 4.18%. The business's revenue for the quarter was down 6.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.34 earnings per share. Whirlpool has set its FY 2026 guidance at 2.500-3.000 EPS. As a group, analysts anticipate that Whirlpool Corporation will post 2.25 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Stifel Nicolaus cut their price objective on Whirlpool from $45.00 to $37.00 and set a "hold" rating on the stock in a report on Thursday, July 23rd. Citigroup reissued a "neutral" rating on shares of Whirlpool in a research note on Thursday, August 6th. Zacks Research raised shares of Whirlpool from a "strong sell" rating to a "hold" rating in a research note on Thursday, August 6th. Wall Street Zen upgraded shares of Whirlpool from a "strong sell" rating to a "sell" rating in a report on Saturday, August 8th. Finally, Royal Bank Of Canada raised their price target on shares of Whirlpool from $30.00 to $32.00 and gave the company an "underperform" rating in a research report on Wednesday, August 5th. One analyst has rated the stock with a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Reduce" and an average price target of $45.44.

About Whirlpool

Whirlpool Corporation is a global manufacturer and marketer of home appliances. The company develops products designed for food preservation, laundry, cooking, dishwashing and other household needs, serving consumers through retail, e-commerce and builder channels.

Its product portfolio includes refrigerators and freezers, washing machines and dryers, ranges and ovens, dishwashers, microwaves and other kitchen appliances. Whirlpool markets products under brands including Whirlpool, Maytag, KitchenAid, Amana and JennAir, with brand availability varying by market.

Founded in 1911 as the Upton Machine Company, Whirlpool is headquartered in Benton Harbor, Michigan.

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