Whirlpool Corporation $WHR Shares Bought by Invesco Ltd.

Key Points

• Invesco Ltd. increased its stake in Whirlpool Corporation by 3.6%, acquiring an additional 7,711 shares, bringing its total ownership to approximately 0.40% valued at over $20 million.
• Whirlpool reported a disappointing quarterly earnings result, posting $1.34 earnings per share, which fell short of analysts' expectations of $1.54, alongside a revenue drop of 5.4% year-over-year.
• Following a recent dividend declaration of $0.90 per share, Whirlpool's payout ratio stands at -264.15%, highlighting ongoing financial challenges for the company.

Invesco Ltd. lifted its stake in Whirlpool Corporation (NYSE:WHR - Free Report) by 3.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 222,415 shares of the company's stock after purchasing an additional 7,711 shares during the quarter. Invesco Ltd. owned about 0.40% of Whirlpool worth $20,046,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its position in Whirlpool by 5.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,235,977 shares of the company's stock worth $201,529,000 after acquiring an additional 117,964 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in Whirlpool by 13.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 44,934 shares of the company's stock worth $4,022,000 after acquiring an additional 5,202 shares during the period. MADDEN SECURITIES Corp grew its position in Whirlpool by 44.5% in the first quarter. MADDEN SECURITIES Corp now owns 11,665 shares of the company's stock worth $1,051,000 after acquiring an additional 3,595 shares during the period. Tang Capital Management LLC purchased a new position in Whirlpool in the fourth quarter worth approximately $974,000. Finally, Whitebox Advisors LLC purchased a new position in Whirlpool in the fourth quarter worth approximately $1,528,000. 90.78% of the stock is currently owned by hedge funds and other institutional investors.

Whirlpool Stock Down 0.2%

Shares of NYSE WHR traded down $0.17 during mid-day trading on Wednesday, hitting $94.77. The company had a trading volume of 807,959 shares, compared to its average volume of 1,425,538. The company has a market capitalization of $5.30 billion, a PE ratio of -35.76 and a beta of 1.17. 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 Corporation has a 1-year low of $73.72 and a 1-year high of $135.49. The business's 50-day simple moving average is $94.70 and its 200 day simple moving average is $89.94.

Whirlpool (NYSE:WHR - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.88 billion. Whirlpool had a negative net margin of 0.95% and a positive return on equity of 20.81%. The firm's revenue was down 5.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.39 earnings per share. Whirlpool has set its FY 2025 guidance at 6.000-8.000 EPS. On average, analysts predict that Whirlpool Corporation will post 9.52 earnings per share for the current 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 paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 3.8%. Whirlpool's dividend payout ratio is presently -264.15%.

Wall Street Analysts Forecast Growth

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

About Whirlpool

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.