Strs Ohio Acquires New Position in Whirlpool Corporation $WHR

Key Points

• Strs Ohio invested approximately $1.18 million in Whirlpool Corporation by purchasing 13,070 shares during the first quarter, reflecting growing institutional interest in the company.
• Whirlpool's shares recently received mixed ratings from analysts, with a range of price targets and one report suggesting a downgrade from "hold" to "sell."
• The company reported disappointing earnings results, missing analysts' estimates, along with a quarterly dividend announcement reflecting a yield of 4.2%.

Strs Ohio bought a new position in Whirlpool Corporation (NYSE:WHR - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 13,070 shares of the company's stock, valued at approximately $1,178,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Jacobi Capital Management LLC raised its position in shares of Whirlpool by 11.1% during the 1st quarter. Jacobi Capital Management LLC now owns 3,676 shares of the company's stock valued at $331,000 after buying an additional 366 shares in the last quarter. Advisors Capital Management LLC raised its stake in shares of Whirlpool by 2.0% during the first quarter. Advisors Capital Management LLC now owns 169,932 shares of the company's stock valued at $15,316,000 after acquiring an additional 3,376 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Whirlpool by 64.1% during the first quarter. Geneos Wealth Management Inc. now owns 1,075 shares of the company's stock valued at $97,000 after acquiring an additional 420 shares in the last quarter. Ransom Advisory Ltd purchased a new position in Whirlpool during the first quarter valued at approximately $38,000. Finally, Bayforest Capital Ltd increased its holdings in Whirlpool by 816.6% during the first quarter. Bayforest Capital Ltd now owns 6,086 shares of the company's stock valued at $549,000 after buying an additional 5,422 shares during the period. Institutional investors own 90.78% of the company's stock.

Analyst Ratings Changes

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

Whirlpool Trading Down 2.7%

Shares of Whirlpool stock traded down $2.30 during mid-day trading on Friday, hitting $82.60. The stock had a trading volume of 1,620,344 shares, compared to its average volume of 1,097,379. The firm has a 50-day moving average of $90.96 and a two-hundred day moving average of $88.68. Whirlpool Corporation has a 12-month low of $73.72 and a 12-month high of $135.49. The company has a quick ratio of 0.46, a current ratio of 0.85 and a debt-to-equity ratio of 2.39. The firm has a market cap of $4.62 billion, a P/E ratio of -31.17 and a beta of 1.16.

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

Whirlpool Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were given a dividend of $0.90 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.4%. Whirlpool's dividend payout ratio (DPR) is presently -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.