Whirlpool Corporation $WHR Shares Bought by Scientech Research LLC

Key Points

• Scientech Research LLC increased its ownership in Whirlpool Corporation by 271.8%, purchasing an additional 5,135 shares, bringing its total to 7,024 shares valued at $633,000.
• Whirlpool's earnings missed expectations with reported earnings per share of $1.34, while the consensus estimate was $1.54, alongside a decline in quarterly revenue by 5.4% compared to the previous year.
• The company has recently cut its dividend to $0.90 per share, with a yield of 3.8% and a dividend payout ratio of -135.85%.

Scientech Research LLC grew its holdings in Whirlpool Corporation (NYSE:WHR - Free Report) by 271.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,024 shares of the company's stock after purchasing an additional 5,135 shares during the period. Scientech Research LLC's holdings in Whirlpool were worth $633,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Charles Schwab Investment Management Inc. increased its holdings in shares of Whirlpool by 5.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,235,977 shares of the company's stock worth $201,529,000 after purchasing an additional 117,964 shares in the last quarter. Newport Trust Company LLC grew its holdings in shares of Whirlpool by 11.4% in the first quarter. Newport Trust Company LLC now owns 1,806,101 shares of the company's stock worth $162,784,000 after acquiring an additional 184,132 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Whirlpool by 25.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,723,612 shares of the company's stock worth $155,343,000 after acquiring an additional 350,397 shares during the period. Nuveen Asset Management LLC grew its holdings in shares of Whirlpool by 19.8% in the fourth quarter. Nuveen Asset Management LLC now owns 1,208,741 shares of the company's stock worth $138,377,000 after acquiring an additional 199,663 shares during the period. Finally, HighTower Advisors LLC grew its holdings in shares of Whirlpool by 1.3% in the first quarter. HighTower Advisors LLC now owns 1,047,645 shares of the company's stock worth $94,424,000 after acquiring an additional 13,038 shares during the period. Institutional investors own 90.78% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Longbow Research upgraded 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. Royal Bank Of Canada reduced their target price on Whirlpool from $65.00 to $63.00 and set an "underperform" rating on the stock in a report on Wednesday, July 30th. Bank of America reiterated an "underperform" rating and issued a $70.00 price target (down from $100.00) on shares of Whirlpool in a report on Tuesday, July 29th. Wall Street Zen downgraded Whirlpool from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Finally, 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. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Whirlpool currently has a consensus rating of "Hold" and an average target price of $98.83.

Whirlpool Stock Down 2.8%

Shares of WHR traded down $2.69 during midday trading on Friday, hitting $92.27. 893,773 shares of the company's stock traded hands, compared to its average volume of 1,314,571. Whirlpool Corporation has a 1 year low of $73.72 and a 1 year high of $135.49. The firm's fifty day moving average is $93.47 and its 200-day moving average is $89.21. 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 has a market capitalization of $5.16 billion, a price-to-earnings ratio of -34.82 and a beta of 1.16.

Whirlpool (NYSE:WHR - Get Free Report) last issued its quarterly earnings data on Monday, July 28th. The company reported $1.34 EPS for the quarter, missing the consensus estimate of $1.54 by ($0.20). Whirlpool had a negative net margin of 0.95% and a positive return on equity of 20.81%. 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 prior year, the company posted $2.39 EPS. The business's revenue for the quarter was down 5.4% on a year-over-year basis. Whirlpool has set its FY 2025 guidance at 6.000-8.000 EPS. As a group, sell-side analysts anticipate that Whirlpool Corporation will post 9.52 earnings per share 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 paid 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 3.9%. Whirlpool's dividend payout ratio (DPR) is -135.85%.

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.