Martin Capital Partners LLC Invests $493,000 in Whirlpool Corporation $WHR

Key Points

• Martin Capital Partners LLC has made a significant investment of $493,000 in Whirlpool Corporation by acquiring 4,856 shares during the second quarter.
• Whirlpool reported disappointing quarterly earnings, with an EPS of $1.34, falling short of the consensus estimate of $1.54.
• The company has announced a quarterly dividend of $0.90 per share, reflecting an annual yield of 3.9%, despite its negative payout ratio.

Martin Capital Partners LLC acquired a new stake in shares of Whirlpool Corporation (NYSE:WHR - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 4,856 shares of the company's stock, valued at approximately $493,000.

Several other large investors have also recently made changes to their positions in WHR. Cheviot Value Management LLC purchased a new stake in Whirlpool in the 1st quarter worth $36,000. Ransom Advisory Ltd purchased a new stake in shares of Whirlpool during the first quarter worth $38,000. UMB Bank n.a. grew its holdings in shares of Whirlpool by 40.4% during the first quarter. UMB Bank n.a. now owns 448 shares of the company's stock worth $40,000 after buying an additional 129 shares in the last quarter. Manitou Investment Management Ltd. purchased a new stake in shares of Whirlpool during the first quarter worth $50,000. Finally, HHM Wealth Advisors LLC grew its holdings in shares of Whirlpool by 77.2% during the first quarter. HHM Wealth Advisors LLC now owns 560 shares of the company's stock worth $50,000 after buying an additional 244 shares in the last quarter. 90.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

WHR has been the subject of a number of analyst reports. Royal Bank Of Canada dropped their price objective on shares of Whirlpool from $65.00 to $63.00 and set an "underperform" rating for the company in a report on Wednesday, July 30th. Wall Street Zen cut shares of Whirlpool from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. Bank of America reaffirmed an "underperform" rating and issued a $70.00 target price (down previously from $100.00) on shares of Whirlpool in a research report on Tuesday, July 29th. Loop Capital reaffirmed a "hold" rating and issued a $88.00 target price on shares of Whirlpool in a research report on Monday, August 4th. Finally, Longbow Research raised shares of Whirlpool from a "neutral" rating to a "buy" rating and set a $145.00 target price on the stock in a research report on Monday, June 30th. Two investment 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.com, the stock currently has a consensus rating of "Hold" and an average target price of $98.83.

Whirlpool Stock Performance

Shares of WHR stock traded down $1.73 on Friday, reaching $83.17. The stock had a trading volume of 503,818 shares, compared to its average volume of 1,316,578. The firm has a market capitalization of $4.65 billion, a price-to-earnings ratio of -31.38 and a beta of 1.16. The company has a quick ratio of 0.46, a current ratio of 0.85 and a debt-to-equity ratio of 2.39. Whirlpool Corporation has a 12 month low of $73.72 and a 12 month high of $135.49. The firm's 50-day moving average is $91.48 and its two-hundred day moving average is $88.74.

Whirlpool (NYSE:WHR - Get Free Report) last released its quarterly earnings results on Monday, July 28th. The company reported $1.34 earnings per share 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 the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the company earned $2.39 earnings per share. Whirlpool has set its FY 2025 guidance at 6.000-8.000 EPS. On average, research analysts expect that Whirlpool Corporation will post 9.52 EPS for the current fiscal year.

Whirlpool Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were issued a dividend of $0.90 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $3.60 annualized dividend and a dividend yield of 4.3%. Whirlpool's dividend payout ratio (DPR) is currently -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.