Wealth Enhancement Advisory Services LLC Buys 8,219 Shares of Whirlpool Corporation $WHR

Key Points

• Wealth Enhancement Advisory Services LLC increased its stake in Whirlpool Corporation by 106.4% during the 2nd quarter, acquiring an additional 8,219 shares, bringing its total holdings to 15,947 shares valued at approximately $1.75 million.
• Whirlpool reported a disappointing quarterly earnings with an EPS of $1.34, missing analysts' estimates of $1.54, and a revenue of $3.77 billion which was below expectations of $3.88 billion.
• The company also declared a quarterly dividend of $0.90 per share, with a negative dividend payout ratio of -135.85%, indicating potential challenges in maintaining dividend payments.

Wealth Enhancement Advisory Services LLC increased its stake in shares of Whirlpool Corporation (NYSE:WHR - Free Report) by 106.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,947 shares of the company's stock after acquiring an additional 8,219 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Whirlpool were worth $1,753,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Gilman Hill Asset Management LLC raised its holdings in shares of Whirlpool by 1.6% during the second quarter. Gilman Hill Asset Management LLC now owns 82,629 shares of the company's stock valued at $8,380,000 after acquiring an additional 1,308 shares in the last quarter. Byrne Asset Management LLC raised its holdings in shares of Whirlpool by 18,072.7% during the second quarter. Byrne Asset Management LLC now owns 7,996 shares of the company's stock valued at $811,000 after acquiring an additional 7,952 shares in the last quarter. Beacon Financial Group purchased a new position in shares of Whirlpool in the 2nd quarter valued at approximately $201,000. MassMutual Private Wealth & Trust FSB boosted its position in shares of Whirlpool by 315.6% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 561 shares of the company's stock valued at $57,000 after purchasing an additional 426 shares in the last quarter. Finally, Martin Capital Partners LLC purchased a new stake in Whirlpool in the second quarter worth $493,000. 90.78% of the stock is currently owned by institutional investors.

Whirlpool Stock Performance

Shares of WHR opened at $78.50 on Tuesday. 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 business has a 50-day simple moving average of $88.74 and a two-hundred day simple moving average of $88.08. The stock has a market cap of $4.39 billion, a price-to-earnings ratio of -29.62 and a beta of 1.16. 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 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). The company had revenue of $3.77 billion during the quarter, compared to analysts' expectations of $3.88 billion. Whirlpool had a positive return on equity of 20.81% and a negative net margin of 0.95%.The business's quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.39 EPS. Whirlpool has set its FY 2025 guidance at 6.000-8.000 EPS. On average, analysts expect that Whirlpool Corporation will post 9.52 EPS for the current year.

Whirlpool Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were paid a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 4.6%. The ex-dividend date was Friday, August 29th. Whirlpool's dividend payout ratio is presently -135.85%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Bank of America reaffirmed an "underperform" rating and issued a $70.00 target price (down from $100.00) on shares of Whirlpool in a research report on Tuesday, July 29th. Royal Bank Of Canada cut their price objective on shares of Whirlpool from $65.00 to $63.00 and set an "underperform" rating on the stock in a report on Wednesday, July 30th. Longbow Research upgraded shares of Whirlpool from a "neutral" rating to a "buy" rating and set a $145.00 target price for the company in a report on Monday, June 30th. Wall Street Zen cut Whirlpool from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. Finally, Loop Capital reissued a "hold" rating and issued a $88.00 target price on shares of Whirlpool in a report on Monday, August 4th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Whirlpool presently has a consensus rating of "Hold" and a consensus target price of $98.83.

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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