Seven Six Capital Management LLC Buys 13,325 Shares of Whirlpool Corporation $WHR

Key Points

• Seven Six Capital Management LLC increased its stake in Whirlpool Corporation by 40.6% in Q1, making Whirlpool its 7th largest position, now comprising approximately 3.7% of its portfolio.
• Whirlpool reported disappointing quarterly earnings with EPS of $1.34, falling short of estimates by $0.20, and revenue of $3.77 billion, below expectations of $3.88 billion.
• The company announced a quarterly dividend of $0.90, which will be paid on September 15, but has a negative payout ratio of -135.85%, prompting concerns about its dividend sustainability.

Seven Six Capital Management LLC raised its stake in shares of Whirlpool Corporation (NYSE:WHR - Free Report) by 40.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 46,175 shares of the company's stock after purchasing an additional 13,325 shares during the quarter. Whirlpool accounts for 3.7% of Seven Six Capital Management LLC's portfolio, making the stock its 7th largest holding. Seven Six Capital Management LLC owned approximately 0.08% of Whirlpool worth $4,162,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. boosted its holdings in Whirlpool by 5.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,235,977 shares of the company's stock valued at $201,529,000 after purchasing an additional 117,964 shares in the last quarter. Newport Trust Company LLC boosted its holdings in Whirlpool by 11.4% during the first quarter. Newport Trust Company LLC now owns 1,806,101 shares of the company's stock valued at $162,784,000 after purchasing an additional 184,132 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Whirlpool by 25.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,723,612 shares of the company's stock valued at $155,343,000 after purchasing an additional 350,397 shares in the last quarter. Nuveen Asset Management LLC boosted its holdings in Whirlpool by 19.8% during the fourth quarter. Nuveen Asset Management LLC now owns 1,208,741 shares of the company's stock valued at $138,377,000 after purchasing an additional 199,663 shares in the last quarter. Finally, HighTower Advisors LLC boosted its holdings in shares of Whirlpool by 1.3% in the 1st quarter. HighTower Advisors LLC now owns 1,047,645 shares of the company's stock worth $94,424,000 after acquiring an additional 13,038 shares in the last quarter. 90.78% of the stock is owned by institutional investors and hedge funds.

Whirlpool Trading Down 2.4%

NYSE:WHR traded down $2.32 during trading hours on Friday, hitting $92.64. 311,918 shares of the stock were exchanged, compared to its average volume of 1,311,145. The company's 50 day moving average is $93.47 and its two-hundred day moving average is $89.21. Whirlpool Corporation has a twelve month low of $73.72 and a twelve 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 company has a market capitalization of $5.18 billion, a P/E ratio of -34.96 and a beta of 1.16.

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

Whirlpool Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be paid a $0.90 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.9%. Whirlpool's dividend payout ratio is -135.85%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on WHR. Loop Capital reissued a "hold" rating and issued a $88.00 target price on shares of Whirlpool in a report on Monday, August 4th. Longbow Research raised Whirlpool from a "neutral" rating to a "buy" rating and set a $145.00 target price on the stock in a report on Monday, June 30th. Royal Bank Of Canada reduced their target price on Whirlpool from $65.00 to $63.00 and set an "underperform" rating on the stock in a report on Wednesday, July 30th. Wall Street Zen downgraded Whirlpool from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Finally, Bank of America reissued an "underperform" rating and issued a $70.00 target price (down from $100.00) on shares of Whirlpool in a report on Tuesday, July 29th. 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's stock. According to data from MarketBeat, the company 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.