Raymond James Financial Inc. Acquires 25,528 Shares of Whirlpool Corporation $WHR

Key Points

• Raymond James Financial Inc. increased its stake in Whirlpool Corporation by 8.4%, acquiring an additional 25,528 shares, bringing its total holdings to 328,807 shares valued at approximately $29.6 million.
• Whirlpool reported disappointing earnings for the last quarter, missing analysts' expectations with earnings per share of $1.34 compared to a projected $1.54, and revenue of $3.77 billion versus an expected $3.88 billion.
• The company will pay a quarterly dividend of $0.90 per share on September 15, although its current dividend payout ratio stands at a negative 264.15%.

Raymond James Financial Inc. grew its position in Whirlpool Corporation (NYSE:WHR - Free Report) by 8.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 328,807 shares of the company's stock after acquiring an additional 25,528 shares during the quarter. Raymond James Financial Inc. owned 0.59% of Whirlpool worth $29,635,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of WHR. Cheviot Value Management LLC bought a new stake in shares of Whirlpool in the 1st quarter worth approximately $36,000. TD Waterhouse Canada Inc. lifted its position in shares of Whirlpool by 120.7% during the 4th quarter. TD Waterhouse Canada Inc. now owns 320 shares of the company's stock worth $37,000 after buying an additional 175 shares during the period. UMB Bank n.a. lifted its position in shares of Whirlpool by 40.4% during the 1st quarter. UMB Bank n.a. now owns 448 shares of the company's stock worth $40,000 after buying an additional 129 shares during the period. Manitou Investment Management Ltd. bought a new position in shares of Whirlpool during the 1st quarter worth approximately $50,000. Finally, HHM Wealth Advisors LLC lifted its position in shares of Whirlpool by 77.2% during the 1st quarter. HHM Wealth Advisors LLC now owns 560 shares of the company's stock worth $50,000 after buying an additional 244 shares during the period. Institutional investors own 90.78% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on WHR shares. Wall Street Zen downgraded Whirlpool from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. Longbow Research upgraded Whirlpool from a "neutral" rating to a "buy" rating and set a $145.00 target price for the company in a research report on Monday, June 30th. Royal Bank Of Canada cut their target price on Whirlpool from $65.00 to $63.00 and set an "underperform" rating for the company in a research report on Wednesday, July 30th. 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, 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 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 given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $98.83.

Whirlpool Trading Down 0.2%

NYSE WHR traded down $0.17 on Wednesday, reaching $94.77. The company had a trading volume of 807,959 shares, compared to its average volume of 1,425,538. The stock's 50 day moving average is $94.70 and its 200-day moving average is $89.94. The stock has a market cap of $5.30 billion, a price-to-earnings ratio of -35.76 and a beta of 1.17. 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 52 week low of $73.72 and a 52 week high of $135.49.

Whirlpool (NYSE:WHR - Get Free Report) last announced its quarterly 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 business had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.88 billion. During the same quarter last year, the company earned $2.39 earnings per share. The firm's revenue was down 5.4% compared to the same quarter last year. Whirlpool has set its FY 2025 guidance at 6.000-8.000 EPS. Equities analysts predict that Whirlpool Corporation will post 9.52 earnings per share for the current year.

Whirlpool Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be issued a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 3.8%. Whirlpool's dividend payout ratio (DPR) is currently -264.15%.

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.