Lecap Asset Management Ltd. Purchases Shares of 6,925 Whirlpool Corporation $WHR

Lecap Asset Management Ltd. acquired a new position in Whirlpool Corporation (NYSE:WHR - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 6,925 shares of the company's stock, valued at approximately $702,000.

Several other large investors also recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC raised its position in Whirlpool by 22.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 12,656 shares of the company's stock worth $1,449,000 after acquiring an additional 2,326 shares during the period. GAMMA Investing LLC increased its stake in shares of Whirlpool by 20,810.2% in the 1st quarter. GAMMA Investing LLC now owns 57,503 shares of the company's stock worth $5,183,000 after purchasing an additional 57,228 shares in the last quarter. Rhumbline Advisers raised its holdings in Whirlpool by 0.9% in the 1st quarter. Rhumbline Advisers now owns 149,114 shares of the company's stock worth $13,440,000 after purchasing an additional 1,337 shares during the period. Gilman Hill Asset Management LLC lifted its position in Whirlpool by 5.5% during the first quarter. Gilman Hill Asset Management LLC now owns 81,321 shares of the company's stock valued at $7,329,000 after purchasing an additional 4,264 shares in the last quarter. Finally, UMB Bank n.a. grew its holdings in 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 purchasing an additional 129 shares during the period. 90.78% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on WHR shares. Royal Bank Of Canada decreased 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 upgraded shares of Whirlpool from a "neutral" rating to a "buy" rating and set a $145.00 target price on the stock in a research note on Monday, June 30th. Bank of America reaffirmed an "underperform" rating and set a $70.00 price target (down previously from $100.00) on shares of Whirlpool in a report on Tuesday, July 29th. Loop Capital reissued a "hold" rating and issued a $88.00 price objective on shares of Whirlpool in a research note on Monday, August 4th. Finally, Zacks Research upgraded shares of Whirlpool from a "strong sell" rating to a "hold" rating in a research note on Tuesday. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Whirlpool presently has a consensus rating of "Hold" and a consensus price target of $98.83.

Whirlpool Trading Up 0.6%

Whirlpool stock opened at $79.50 on Friday. The stock has a market cap of $4.44 billion, a P/E ratio of -30.00 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 firm's 50 day moving average price is $87.58 and its 200-day moving average price is $87.85.

Whirlpool (NYSE:WHR - Get Free Report) last issued its earnings results on Monday, July 28th. The company reported $1.34 earnings per share for the quarter, missing analysts' consensus estimates of $1.54 by ($0.20). The company had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.88 billion. Whirlpool had a positive return on equity of 20.81% and a negative net margin of 0.95%.Whirlpool's revenue was down 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.39 EPS. Whirlpool has set its FY 2025 guidance at 6.000-8.000 EPS. On average, equities analysts predict that Whirlpool Corporation will post 9.52 earnings per share for the current fiscal year.

Whirlpool Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were given a dividend of $0.90 per share. The ex-dividend date was Friday, August 29th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.5%. Whirlpool's dividend payout ratio (DPR) is presently -135.85%.

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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