Baird Financial Group Inc. Has $2.95 Million Stock Position in Whirlpool Corporation $WHR

Key Points

• Baird Financial Group Inc. increased its stake in Whirlpool Corporation by 26.6%, now holding approximately 0.06% of the company valued at about $2.9 million.
• Whirlpool reported a quarterly EPS of $1.34, missing estimates, and showed a 5.4% decline in revenue year-over-year.
• The company announced a quarterly dividend of $0.90 per share, resulting in an annual yield of 3.8%, despite a payout ratio of -135.85%.

Baird Financial Group Inc. raised its stake in Whirlpool Corporation (NYSE:WHR - Free Report) by 26.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 32,718 shares of the company's stock after buying an additional 6,873 shares during the period. Baird Financial Group Inc. owned about 0.06% of Whirlpool worth $2,949,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. grew its position in shares of Whirlpool by 5.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,235,977 shares of the company's stock valued at $201,529,000 after buying an additional 117,964 shares during the last quarter. Newport Trust Company LLC grew its position in shares of Whirlpool by 11.4% in the 1st quarter. Newport Trust Company LLC now owns 1,806,101 shares of the company's stock valued at $162,784,000 after buying an additional 184,132 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Whirlpool by 25.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,723,612 shares of the company's stock valued at $155,343,000 after buying an additional 350,397 shares during the last quarter. Nuveen Asset Management LLC grew its position in shares of Whirlpool by 19.8% in the 4th quarter. Nuveen Asset Management LLC now owns 1,208,741 shares of the company's stock valued at $138,377,000 after buying an additional 199,663 shares during the last quarter. Finally, HighTower Advisors LLC grew its position 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 valued at $94,424,000 after buying an additional 13,038 shares during the last quarter. Institutional investors own 90.78% of the company's stock.

Whirlpool Trading Up 1.2%

WHR stock traded up $1.10 during mid-day trading on Monday, reaching $95.54. The company's stock had a trading volume of 976,049 shares, compared to its average volume of 1,026,450. The company has a market cap of $5.34 billion, a price-to-earnings ratio of -36.05 and a beta of 1.16. The business's 50 day moving average price is $94.32 and its 200 day moving average price is $89.19. 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 Corporation has a 12 month low of $73.72 and a 12 month high of $135.49.

Whirlpool (NYSE:WHR - Get Free Report) last issued its earnings results 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). Whirlpool had a positive return on equity of 20.81% and a negative net margin of 0.95%.The business had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.88 billion. During the same quarter in the previous year, the firm posted $2.39 earnings per share. The company's revenue for the quarter 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, equities research analysts predict that Whirlpool Corporation will post 9.52 EPS for the current year.

Whirlpool Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Friday, August 29th. Whirlpool's dividend payout ratio is -135.85%.

Wall Street Analysts Forecast Growth

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