Russell Investments Group Ltd. Purchases 27,606 Shares of Whirlpool Corporation $WHR

Key Points

• Russell Investments Group Ltd. increased its stake in Whirlpool Corporation by 12.2%, acquiring a total of 254,259 shares valued at approximately $22.9 million.
• Whirlpool reported a loss in earnings per share of $1.34 for the last quarter, missing expectations of $1.54, with a revenue decrease of 5.4% year-over-year.
• Analysts have varied opinions on Whirlpool's stock, with target prices ranging from $63 to $145, reflecting a mix of underperform and buy ratings.

Russell Investments Group Ltd. raised its holdings in Whirlpool Corporation (NYSE:WHR - Free Report) by 12.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 254,259 shares of the company's stock after acquiring an additional 27,606 shares during the period. Russell Investments Group Ltd. owned approximately 0.46% of Whirlpool worth $22,916,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of WHR. Invesco Ltd. raised its holdings in shares of Whirlpool by 1.9% during the 4th quarter. Invesco Ltd. now owns 214,704 shares of the company's stock valued at $24,579,000 after buying an additional 3,930 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Whirlpool by 367.0% during the 4th quarter. Renaissance Technologies LLC now owns 72,657 shares of the company's stock valued at $8,318,000 after buying an additional 57,100 shares in the last quarter. Sterling Capital Management LLC raised its holdings in shares of Whirlpool by 56.7% during the 4th quarter. Sterling Capital Management LLC now owns 3,161 shares of the company's stock valued at $362,000 after buying an additional 1,144 shares in the last quarter. Mariner LLC raised its holdings in shares of Whirlpool by 6.8% during the 4th quarter. Mariner LLC now owns 12,969 shares of the company's stock valued at $1,485,000 after buying an additional 825 shares in the last quarter. Finally, CreativeOne Wealth LLC raised its holdings in shares of Whirlpool by 33.3% during the 4th quarter. CreativeOne Wealth LLC now owns 8,097 shares of the company's stock valued at $927,000 after buying an additional 2,022 shares in the last quarter. 90.78% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on WHR shares. JPMorgan Chase & Co. decreased their price objective on Whirlpool from $109.00 to $89.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Bank of America reissued an "underperform" rating and set a $70.00 price objective (down from $100.00) on shares of Whirlpool in a report on Tuesday, July 29th. Wall Street Zen cut Whirlpool from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. Loop Capital reaffirmed a "hold" rating and issued a $88.00 price target on shares of Whirlpool in a research note on Monday, August 4th. Finally, Longbow Research raised Whirlpool from a "neutral" rating to a "buy" rating and set a $145.00 price target on the stock in a research note on Monday, June 30th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $98.83.

Whirlpool Trading Down 0.1%

Shares of WHR stock traded down $0.07 during trading hours on Thursday, reaching $86.93. The company's stock had a trading volume of 182,191 shares, compared to its average volume of 1,337,667. The stock has a market capitalization of $4.86 billion, a P/E ratio of -32.80 and a beta of 1.17. Whirlpool Corporation has a one year low of $73.72 and a one year high of $135.49. The firm's fifty day simple moving average is $94.48 and its 200 day simple moving average is $90.23. The company has a current ratio of 0.85, a quick ratio of 0.46 and a debt-to-equity ratio of 2.39.

Whirlpool (NYSE:WHR - Get Free Report) last issued its quarterly earnings data on Monday, July 28th. The company reported $1.34 earnings per share for the quarter, missing analysts' consensus estimates of $1.54 by ($0.20). The business had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.88 billion. Whirlpool had a positive return on equity of 20.81% and a negative net margin of 0.95%.Whirlpool's quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.39 earnings per share. Whirlpool has set its FY 2025 guidance at 6.000-8.000 EPS. Equities research analysts expect that Whirlpool Corporation will post 9.52 EPS for the current year.

Whirlpool Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.1%. Whirlpool's dividend payout ratio is currently -135.85%.

About Whirlpool

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.