Landscape Capital Management L.L.C. Boosts Stake in Whirlpool Corporation $WHR

Key Points

• Landscape Capital Management L.L.C. significantly increased its stake in Whirlpool Corporation by 243.5% in Q1, now owning over 51,000 shares worth approximately $4.62 million.
• Despite this investment boost, Whirlpool reported disappointing Q2 earnings, with an EPS of $1.34 falling short of the $1.54 estimate and a 5.4% decline in revenue from the previous year.
• The company announced a quarterly dividend of $0.90, with a payout ratio of -264.15%, highlighting concerns about its financial stability.

Landscape Capital Management L.L.C. increased its holdings in Whirlpool Corporation (NYSE:WHR - Free Report) by 243.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,261 shares of the company's stock after acquiring an additional 36,336 shares during the quarter. Landscape Capital Management L.L.C. owned about 0.09% of Whirlpool worth $4,620,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. NewEdge Advisors LLC boosted its position in Whirlpool by 1,282.6% in the fourth quarter. NewEdge Advisors LLC now owns 1,991 shares of the company's stock worth $228,000 after purchasing an additional 1,847 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of Whirlpool by 83.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,208 shares of the company's stock valued at $367,000 after purchasing an additional 1,464 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Whirlpool by 10.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 33,979 shares of the company's stock valued at $3,890,000 after acquiring an additional 3,078 shares during the period. Northern Trust Corp lifted its holdings in shares of Whirlpool by 26.1% in the 4th quarter. Northern Trust Corp now owns 512,732 shares of the company's stock worth $58,698,000 after buying an additional 106,259 shares during the period. Finally, Whitebox Advisors LLC purchased a new stake in shares of Whirlpool in the 4th quarter worth $1,528,000. Institutional investors own 90.78% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on WHR shares. Wall Street Zen lowered Whirlpool from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. Loop Capital restated a "hold" rating and issued a $88.00 target price on shares of Whirlpool in a research report on Monday, August 4th. Royal Bank Of Canada lowered their price objective on Whirlpool from $65.00 to $63.00 and set an "underperform" rating on the stock in a research note on Wednesday, July 30th. Longbow Research raised Whirlpool from a "neutral" rating to a "buy" rating and set a $145.00 price objective on the stock in a research note on Monday, June 30th. Finally, Bank of America reissued an "underperform" rating and set a $70.00 target price (down previously 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 given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $98.83.

Whirlpool Stock Down 1.2%

NYSE:WHR traded down $1.10 during midday trading on Monday, reaching $93.36. The company had a trading volume of 1,165,585 shares, compared to its average volume of 1,122,783. The firm has a market capitalization of $5.22 billion, a price-to-earnings ratio of -35.23 and a beta of 1.16. The stock's fifty day simple moving average is $94.75 and its 200-day simple moving average is $89.71. Whirlpool Corporation has a 12-month low of $73.72 and a 12-month high of $135.49. The company has a current ratio of 0.85, a quick ratio of 0.46 and a debt-to-equity ratio of 2.39.

Whirlpool (NYSE:WHR - Get Free Report) last released its 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). The company had revenue of $3.77 billion during the quarter, compared to analysts' expectations of $3.88 billion. Whirlpool had a negative net margin of 0.95% and a positive return on equity of 20.81%. The company's revenue for the quarter was down 5.4% on a year-over-year basis. During the same quarter last year, the business posted $2.39 earnings per share. Whirlpool has set its FY 2025 guidance at 6.000-8.000 EPS. On average, sell-side analysts anticipate that Whirlpool Corporation will post 9.52 earnings per share for the current fiscal year.

Whirlpool Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be given a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, August 29th. Whirlpool's dividend payout ratio is currently -135.85%.

Whirlpool Company 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.