Whirlpool Corporation $WHR Position Increased by Timucuan Asset Management Inc. FL

Key Points

• Timucuan Asset Management Inc. FL increased its holdings in Whirlpool Corporation by 66.7%, owning a total of 12,500 shares worth approximately $1.13 million after purchasing an additional 5,000 shares in the first quarter.
• Whirlpool recently declared a quarterly dividend of $0.90 per share, marking a yield of 3.8%, while the company has set its FY 2025 EPS guidance between 6.000-8.000.
• Shares of Whirlpool opened at $94.77, with the stock experiencing a mixed performance; analysts have given it an average target price of $98.83, while recent earnings results showed a miss on EPS and revenue estimates.

Timucuan Asset Management Inc. FL grew its position in shares of Whirlpool Corporation (NYSE:WHR - Free Report) by 66.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,500 shares of the company's stock after acquiring an additional 5,000 shares during the quarter. Whirlpool comprises 0.0% of Timucuan Asset Management Inc. FL's portfolio, making the stock its 26th biggest position. Timucuan Asset Management Inc. FL's holdings in Whirlpool were worth $1,127,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in WHR. Nuveen LLC acquired a new stake in Whirlpool during the first quarter worth about $82,461,000. Causeway Capital Management LLC acquired a new stake in Whirlpool during the first quarter worth about $32,788,000. Dimensional Fund Advisors LP increased its stake in Whirlpool by 25.5% during 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 last quarter. Nuveen Asset Management LLC increased its stake in Whirlpool by 19.8% during 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 last quarter. Finally, Newport Trust Company LLC increased its stake in Whirlpool by 11.4% during 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 last quarter. 90.78% of the stock is currently owned by institutional investors and hedge funds.

Whirlpool Stock Down 1.2%

WHR traded down $1.10 on Monday, reaching $93.36. The company's stock had a trading volume of 1,165,585 shares, compared to its average volume of 1,122,783. The stock has a market cap of $5.22 billion, a price-to-earnings ratio of -35.23 and a beta of 1.16. Whirlpool Corporation has a 1 year low of $73.72 and a 1 year high of $135.49. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.85 and a quick ratio of 0.46. The business's 50 day moving average is $94.75 and its 200 day moving average is $89.71.

Whirlpool (NYSE:WHR - Get Free Report) last issued its quarterly earnings results on Monday, July 28th. The company reported $1.34 EPS for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $3.88 billion. During the same period in the prior year, the company posted $2.39 EPS. The company'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, research analysts forecast that Whirlpool Corporation will post 9.52 EPS for the current fiscal year.

Whirlpool Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Friday, August 29th. Whirlpool's dividend payout ratio (DPR) is currently -135.85%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Royal Bank Of Canada lowered their target price on Whirlpool from $65.00 to $63.00 and set an "underperform" rating for the company in a research note on Wednesday, July 30th. Loop Capital reiterated a "hold" rating and issued a $88.00 target price on shares of Whirlpool in a research note on Monday, August 4th. 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 note on Monday, June 30th. Bank of America reiterated an "underperform" rating and issued a $70.00 target price (down previously from $100.00) on shares of Whirlpool in a research note on Tuesday, July 29th. Finally, Wall Street Zen lowered Whirlpool from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $98.83.

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.