Mirae Asset Global Investments Co. Ltd. Purchases 5,668 Shares of Whirlpool Corporation $WHR

Key Points

• Mirae Asset Global Investments Co. Ltd. increased its stake in Whirlpool Corporation by 12.6%, adding 5,668 shares to reach a total of 50,602 shares valued at approximately $5.13 million.
• Whirlpool reported earnings of $1.34 per share, missing estimates by $0.20, and experienced a 5.4% year-over-year decline in revenue, totaling $3.77 billion.
• The company has declared a quarterly dividend of $0.90, resulting in an annual yield of 4.5%, but currently has a negative dividend payout ratio of -135.85%.

Mirae Asset Global Investments Co. Ltd. grew its position in Whirlpool Corporation (NYSE:WHR - Free Report) by 12.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 50,602 shares of the company's stock after acquiring an additional 5,668 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.09% of Whirlpool worth $5,132,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Cheviot Value Management LLC acquired a new position in Whirlpool in the 1st quarter valued at approximately $36,000. Ransom Advisory Ltd bought a new position in Whirlpool during the first quarter worth about $38,000. UMB Bank n.a. increased its stake in shares of Whirlpool by 40.4% in the first quarter. UMB Bank n.a. now owns 448 shares of the company's stock worth $40,000 after purchasing an additional 129 shares in the last quarter. Manitou Investment Management Ltd. bought a new stake in shares of Whirlpool in the first quarter valued at approximately $50,000. Finally, HHM Wealth Advisors LLC lifted its stake in shares of Whirlpool by 77.2% during the 1st quarter. HHM Wealth Advisors LLC now owns 560 shares of the company's stock valued at $50,000 after buying an additional 244 shares in the last quarter. Institutional investors own 90.78% of the company's stock.

Whirlpool Price Performance

WHR stock opened at $79.35 on Tuesday. The firm has a 50 day simple moving average of $86.81 and a two-hundred day simple moving average of $87.57. 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 cap of $4.43 billion, a PE ratio of -29.94 and a beta of 1.17. Whirlpool Corporation has a one year low of $73.72 and a one year high of $135.49.

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

Whirlpool Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were paid a $0.90 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $3.60 annualized dividend and a yield of 4.5%. Whirlpool's dividend payout ratio is currently -135.85%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on WHR shares. Loop Capital reissued a "hold" rating and set a $88.00 target price on shares of Whirlpool in a report on Monday, August 4th. Wall Street Zen cut Whirlpool from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Royal Bank Of Canada reduced their target price on Whirlpool from $65.00 to $63.00 and set an "underperform" rating for the company in a report on Wednesday, July 30th. Weiss Ratings reissued a "sell (d)" rating on shares of Whirlpool in a report on Saturday, September 27th. Finally, Longbow Research upgraded shares of Whirlpool from a "neutral" rating to a "buy" rating and set a $145.00 price objective for the company in a research report on Monday, June 30th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Reduce" and an average target price 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.

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