Promethium Advisors LLC Makes New $689,000 Investment in Whirlpool Corporation $WHR

Key Points

• Promethium Advisors LLC has acquired 7,650 shares of Whirlpool Corporation, valued at approximately $689,000, marking a new investment in the company during the first quarter.
• Whirlpool's stock has faced mixed analyst ratings, with targets ranging from $63.00 to $145.00, and an average consensus price target of $98.83.
• The company recently declared a quarterly dividend of $0.90 per share while also experiencing a decline in earnings and revenue for the last quarter.

Promethium Advisors LLC bought a new stake in Whirlpool Corporation (NYSE:WHR - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 7,650 shares of the company's stock, valued at approximately $689,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cheviot Value Management LLC bought a new stake in shares of Whirlpool during the first quarter worth $36,000. 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 worth $40,000 after purchasing an additional 129 shares during the last quarter. Manitou Investment Management Ltd. bought a new stake in shares of Whirlpool during the first quarter worth $50,000. HHM Wealth Advisors LLC lifted its position 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 purchasing an additional 244 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Whirlpool by 132.0% during the first quarter. GAMMA Investing LLC now owns 638 shares of the company's stock worth $58,000 after purchasing an additional 363 shares during the last quarter. 90.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

WHR has been the subject of several research analyst reports. Loop Capital reiterated a "hold" rating and set a $88.00 target price on shares of Whirlpool in a research report on Monday, August 4th. Wall Street Zen downgraded Whirlpool from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Longbow Research upgraded Whirlpool from a "neutral" rating to a "buy" rating and set a $145.00 price objective for the company in a report on Monday, June 30th. Bank of America restated an "underperform" rating and issued a $70.00 price objective (down from $100.00) on shares of Whirlpool in a report on Tuesday, July 29th. Finally, Royal Bank Of Canada decreased their price objective on Whirlpool from $65.00 to $63.00 and set an "underperform" rating for the company in a report on Wednesday, July 30th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $98.83.

Whirlpool Stock Up 2.6%

Shares of WHR stock traded up $2.39 during trading hours on Friday, reaching $94.42. 1,228,212 shares of the company's stock were exchanged, compared to its average volume of 1,018,279. Whirlpool Corporation has a 1 year low of $73.72 and a 1 year high of $135.49. The stock has a market cap of $5.28 billion, a PE ratio of -35.63 and a beta of 1.16. The company has a current ratio of 0.85, a quick ratio of 0.46 and a debt-to-equity ratio of 2.39. The stock's fifty day moving average price is $94.45 and its two-hundred day moving average price is $89.48.

Whirlpool (NYSE:WHR - Get Free Report) last issued its quarterly 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). Whirlpool had a positive return on equity of 20.81% and a negative net margin of 0.95%.The business had revenue of $3.77 billion for the quarter, compared to analysts' expectations of $3.88 billion. During the same quarter in the previous year, the firm posted $2.39 EPS. Whirlpool'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. Research analysts predict that Whirlpool Corporation will post 9.52 EPS for the current year.

Whirlpool Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be given a $0.90 dividend. The ex-dividend date is Friday, August 29th. This represents a $3.60 dividend on an annualized basis and a yield of 3.8%. Whirlpool's dividend payout ratio is currently -135.85%.

About Whirlpool

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.