Invesco Ltd. Boosts Stock Holdings in Whirlpool Corporation $WHR

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. raised its position in shares of Whirlpool Corporation (NYSE:WHR - Free Report) by 3.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 222,415 shares of the company's stock after buying 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.

Several other hedge funds have also modified their holdings of the company. UMB Bank n.a. lifted its position in shares of Whirlpool by 40.4% during the first quarter. UMB Bank n.a. now owns 448 shares of the company's stock valued at $40,000 after buying an additional 129 shares during the last quarter. Linden Thomas Advisory Services LLC lifted its position in shares of Whirlpool by 3.7% during the first quarter. Linden Thomas Advisory Services LLC now owns 4,184 shares of the company's stock valued at $377,000 after buying an additional 149 shares during the last quarter. GeoWealth Management LLC lifted its position in shares of Whirlpool by 49.1% during the fourth quarter. GeoWealth Management LLC now owns 495 shares of the company's stock valued at $57,000 after buying an additional 163 shares during the last quarter. TD Waterhouse Canada Inc. lifted its position in shares of Whirlpool by 120.7% during the fourth quarter. TD Waterhouse Canada Inc. now owns 320 shares of the company's stock valued at $37,000 after buying an additional 175 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its position in shares of Whirlpool by 3.0% during the first quarter. State of Alaska Department of Revenue now owns 6,487 shares of the company's stock valued at $584,000 after buying an additional 190 shares during the last quarter. 90.78% of the stock is owned by hedge funds and other institutional investors.

Whirlpool Stock Performance

WHR traded up $5.4480 during trading on Friday, reaching $93.6580. 1,395,527 shares of the company's stock were exchanged, compared to its average volume of 2,216,423. Whirlpool Corporation has a 1 year low of $73.72 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 stock has a market capitalization of $5.23 billion, a P/E ratio of -35.34 and a beta of 1.17. The company's fifty day simple moving average is $94.55 and its 200-day simple moving average is $89.92.

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

Whirlpool Cuts Dividend

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

Analyst Ratings Changes

WHR has been the subject of several analyst reports. Bank of America reissued an "underperform" rating and set a $70.00 price target (down from $100.00) on shares of Whirlpool in a research report on Tuesday, July 29th. JPMorgan Chase & Co. decreased their price objective on shares of Whirlpool from $109.00 to $89.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. Royal Bank Of Canada decreased their price objective on shares of Whirlpool from $65.00 to $63.00 and set an "underperform" rating for the company in a research report on Wednesday, July 30th. Loop Capital reaffirmed a "hold" rating and issued a $88.00 price objective on shares of Whirlpool in a research report on Monday, August 4th. Finally, Wall Street Zen lowered shares of Whirlpool from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $98.83.

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.