Federated Hermes Inc. Sells 8,387 Shares of Whirlpool Corporation (NYSE:WHR)

Key Points

• Federated Hermes Inc. has reduced its holdings in Whirlpool Corporation by 7.0%, selling 8,387 shares and now owning 111,172 shares worth approximately $10,020,000.
• Whirlpool reported a loss of 0.95% in net margin for the latest quarter and missed earnings estimates with an EPS of $1.34, down from $2.39 in the previous year.
• Several analysts have altered their ratings on Whirlpool, with Longbow Research upgrading to a "buy" with a target price of $145.00, while others like Royal Bank of Canada have set lower price objectives.

Federated Hermes Inc. lowered its position in Whirlpool Corporation (NYSE:WHR - Free Report) by 7.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 111,172 shares of the company's stock after selling 8,387 shares during the period. Federated Hermes Inc. owned 0.20% of Whirlpool worth $10,020,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. TD Waterhouse Canada Inc. raised its holdings in Whirlpool by 120.7% in the fourth quarter. TD Waterhouse Canada Inc. now owns 320 shares of the company's stock worth $37,000 after purchasing an additional 175 shares in the last quarter. UMB Bank n.a. grew its position in shares of Whirlpool by 40.4% in the 1st quarter. UMB Bank n.a. now owns 448 shares of the company's stock worth $40,000 after buying an additional 129 shares during the period. Manitou Investment Management Ltd. bought a new position in shares of Whirlpool in the 1st quarter worth about $50,000. Anderson Financial Strategies LLC purchased a new position in Whirlpool during the 4th quarter valued at about $54,000. Finally, GeoWealth Management LLC lifted its position in Whirlpool by 49.1% during the 4th quarter. GeoWealth Management LLC now owns 495 shares of the company's stock valued at $57,000 after acquiring an additional 163 shares during the period. Institutional investors own 90.78% of the company's stock.

Whirlpool Stock Performance

WHR stock opened at $82.73 on Friday. The stock's 50 day simple moving average is $93.29 and its 200 day simple moving average is $93.69. The company has a current ratio of 0.85, a quick ratio of 0.40 and a debt-to-equity ratio of 2.39. Whirlpool Corporation has a 12-month low of $73.72 and a 12-month high of $135.49. The stock has a market capitalization of $4.62 billion, a PE ratio of -31.22 and a beta of 1.17.

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). 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 the consensus estimate of $3.88 billion. During the same period in the previous year, the company earned $2.39 earnings per share. The company's revenue for the quarter was down 5.4% compared to the same quarter last year. As a group, research analysts forecast that Whirlpool Corporation will post 9.52 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on WHR. Longbow Research upgraded shares of Whirlpool from a "neutral" rating to a "buy" rating and set a $145.00 target price for the company in a report on Monday, June 30th. Royal Bank Of Canada lowered their price objective on Whirlpool from $65.00 to $63.00 and set an "underperform" rating for the company in a research note on Wednesday. Wall Street Zen downgraded Whirlpool from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. JPMorgan Chase & Co. reduced their price target on Whirlpool from $109.00 to $89.00 and set a "neutral" rating for the company in a report on Monday, April 28th. Finally, Bank of America reaffirmed an "underperform" rating and issued a $70.00 price target (down previously from $100.00) on shares of Whirlpool in a research report on Tuesday, July 29th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $101.00.

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.

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