Greatmark Investment Partners Inc. Increases Holdings in Whirlpool Corporation $WHR

Key Points

• Greatmark Investment Partners Inc. increased its holdings in Whirlpool Corporation by 21.6% in Q2, now owning about 0.14% of the company valued at approximately $7.8 million.
• Whirlpool reported a quarterly earnings miss with an EPS of $1.34, below the expected $1.54, and generated revenues of $3.77 billion which was also below expectations.
• The company announced a quarterly dividend of $0.90 per share, payable on December 15th, with a current dividend yield of 4.8%.

Greatmark Investment Partners Inc. raised its stake in Whirlpool Corporation (NYSE:WHR - Free Report) by 21.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 76,930 shares of the company's stock after acquiring an additional 13,655 shares during the period. Greatmark Investment Partners Inc. owned approximately 0.14% of Whirlpool worth $7,802,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of WHR. Cheviot Value Management LLC purchased a new stake in Whirlpool during the 1st quarter valued at $36,000. Ransom Advisory Ltd purchased a new position in Whirlpool in the first quarter worth about $38,000. Legend Financial Advisors Inc. purchased a new stake in shares of Whirlpool during the 2nd quarter valued at about $51,000. Bogart Wealth LLC boosted its holdings in shares of Whirlpool by 80.6% in the second quarter. Bogart Wealth LLC now owns 511 shares of the company's stock worth $52,000 after buying an additional 228 shares during the last quarter. Finally, HHM Wealth Advisors LLC grew its position in Whirlpool by 77.2% during the first quarter. HHM Wealth Advisors LLC now owns 560 shares of the company's stock valued at $50,000 after buying an additional 244 shares during the period. 90.78% of the stock is owned by hedge funds and other institutional investors.

Whirlpool Stock Performance

NYSE:WHR opened at $74.52 on Wednesday. The stock's 50 day simple moving average is $84.63 and its two-hundred day simple moving average is $86.27. Whirlpool Corporation has a 1 year low of $71.00 and a 1 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. The company has a market cap of $4.17 billion, a price-to-earnings ratio of -28.12 and a beta of 1.17.

Whirlpool (NYSE:WHR - Get Free Report) last issued its quarterly earnings data on Monday, July 28th. The company reported $1.34 EPS for the quarter, missing analysts' consensus estimates of $1.54 by ($0.20). The business had revenue of $3.77 billion during the quarter, compared to analysts' expectations 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 quarterly revenue was down 5.4% on a year-over-year basis. During the same period in the previous year, the business earned $2.39 earnings per share. Whirlpool has set its FY 2025 guidance at 6.000-8.000 EPS. As a group, equities analysts anticipate that Whirlpool Corporation will post 9.52 earnings per share for the current fiscal year.

Whirlpool Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 21st will be issued a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 4.8%. The ex-dividend date is Friday, November 21st. Whirlpool's dividend payout ratio (DPR) is -135.85%.

Analysts Set New Price Targets

WHR has been the subject of a number of recent research reports. Loop Capital reissued a "hold" rating and set a $88.00 price objective on shares of Whirlpool in a research report on Monday, August 4th. Weiss Ratings reiterated a "sell (d)" rating on shares of Whirlpool in a research note on Wednesday, October 8th. Royal Bank Of Canada lowered their price target on shares of Whirlpool from $65.00 to $63.00 and set an "underperform" rating on the stock in a report on Wednesday, July 30th. Wall Street Zen lowered shares of Whirlpool from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. Finally, Zacks Research raised shares of Whirlpool from a "strong sell" rating to a "hold" rating in a report on Tuesday, September 30th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus price target of $89.71.

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.

Want to see what other hedge funds are holding WHR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Whirlpool Corporation (NYSE:WHR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.