Steel Grove Capital Advisors LLC Has $1.97 Million Position in Whirlpool Corporation $WHR

Key Points

• Steel Grove Capital Advisors LLC increased its stake in Whirlpool Corporation by 28.1% during Q2, now holding shares valued at approximately $1.97 million.
• Whirlpool reported Q2 earnings of $1.34 per share, missing analyst estimates and showing a revenue decline of 5.4% year-over-year.
• The company announced a quarterly dividend of $0.90 per share, with an annualized yield of 4.8%, set to be paid on December 15.

Steel Grove Capital Advisors LLC grew its stake in Whirlpool Corporation (NYSE:WHR - Free Report) by 28.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,416 shares of the company's stock after purchasing an additional 4,259 shares during the period. Steel Grove Capital Advisors LLC's holdings in Whirlpool were worth $1,969,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Cheviot Value Management LLC acquired a new stake in shares of Whirlpool in the 1st quarter valued at approximately $36,000. Ransom Advisory Ltd acquired a new stake in shares of Whirlpool in the 1st quarter valued at approximately $38,000. HHM Wealth Advisors LLC boosted its stake in shares of Whirlpool by 77.2% in the 1st quarter. HHM Wealth Advisors LLC now owns 560 shares of the company's stock valued at $50,000 after purchasing an additional 244 shares in the last quarter. Legend Financial Advisors Inc. acquired a new stake in shares of Whirlpool in the 2nd quarter valued at approximately $51,000. Finally, Bogart Wealth LLC boosted its stake in shares of Whirlpool by 80.6% in the 2nd quarter. Bogart Wealth LLC now owns 511 shares of the company's stock valued at $52,000 after purchasing an additional 228 shares in the last quarter. 90.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on WHR shares. Loop Capital reiterated a "hold" rating and issued a $88.00 price objective on shares of Whirlpool in a report on Monday, August 4th. Weiss Ratings reiterated a "sell (d)" rating on shares of Whirlpool in a report on Wednesday, October 8th. Stifel Nicolaus started coverage on shares of Whirlpool in a report on Wednesday, October 8th. They issued a "hold" rating and a $80.00 price objective for the company. 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. Finally, Zacks Research upgraded shares of Whirlpool from a "strong sell" rating to a "hold" rating in a report on Tuesday, September 30th. Two analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Reduce" and a consensus target price of $89.71.

Whirlpool Stock Performance

NYSE:WHR opened at $74.52 on Wednesday. The company has a fifty day moving average of $84.63 and a 200-day moving average of $86.27. The firm has a market capitalization of $4.17 billion, a P/E ratio of -28.12 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 twelve month low of $71.00 and a twelve month high of $135.49.

Whirlpool (NYSE:WHR - Get Free Report) last released its quarterly earnings data 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 business's revenue was down 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.39 EPS. 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 EPS for the current year.

Whirlpool Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 21st will be paid a $0.90 dividend. The ex-dividend date is Friday, November 21st. This represents a $3.60 annualized dividend and a dividend yield of 4.8%. Whirlpool's payout ratio 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.

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