Whirlpool Corporation $WHR Shares Acquired by Royal Bank of Canada

Key Points

• Royal Bank of Canada increased its investment in Whirlpool by 23.4% in the first quarter, acquiring a total of 639,692 shares worth approximately $57.7 million.
• The company reported a loss in earnings per share of $1.34, falling short of analyst expectations of $1.54, alongside a 5.4% decline in year-over-year revenue.
• Whirlpool has adjusted its dividend payout to $0.90 per share, resulting in a dividend yield of 3.9%, despite a reported negative payout ratio of -135.85%.

Royal Bank of Canada increased its position in shares of Whirlpool Corporation (NYSE:WHR - Free Report) by 23.4% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 639,692 shares of the company's stock after purchasing an additional 121,422 shares during the quarter. Royal Bank of Canada owned approximately 1.15% of Whirlpool worth $57,655,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the company. Graham Capital Management L.P. purchased a new stake in shares of Whirlpool during the first quarter worth approximately $2,152,000. Retirement Planning Co of New England Inc. increased its position in shares of Whirlpool by 15.0% during the first quarter. Retirement Planning Co of New England Inc. now owns 2,532 shares of the company's stock worth $228,000 after purchasing an additional 331 shares in the last quarter. Baird Financial Group Inc. increased its position in shares of Whirlpool by 26.6% during the first quarter. Baird Financial Group Inc. now owns 32,718 shares of the company's stock worth $2,949,000 after purchasing an additional 6,873 shares in the last quarter. Timucuan Asset Management Inc. FL increased its position in shares of Whirlpool by 66.7% during the first quarter. Timucuan Asset Management Inc. FL now owns 12,500 shares of the company's stock worth $1,127,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Landscape Capital Management L.L.C. increased its position in shares of Whirlpool by 243.5% during the first quarter. Landscape Capital Management L.L.C. now owns 51,261 shares of the company's stock worth $4,620,000 after purchasing an additional 36,336 shares in the last quarter. 90.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

WHR has been the subject of several research reports. Royal Bank Of Canada dropped their price target on Whirlpool from $65.00 to $63.00 and set an "underperform" rating for the company in a research report on Wednesday, July 30th. Longbow Research upgraded Whirlpool from a "neutral" rating to a "buy" rating and set a $145.00 price target for the company in a research report on Monday, June 30th. Loop Capital restated a "hold" rating and issued a $88.00 target price on shares of Whirlpool in a report on Monday, August 4th. Wall Street Zen cut Whirlpool from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Finally, Bank of America restated 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 analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $98.83.

Whirlpool Stock Performance

Shares of Whirlpool stock opened at $92.11 on Friday. 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 stock has a market capitalization of $5.15 billion, a price-to-earnings ratio of -34.76 and a beta of 1.16. The business has a 50-day moving average of $94.48 and a 200 day moving average of $89.56. 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 posted its quarterly earnings results on Monday, July 28th. The company reported $1.34 earnings per share (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 analyst estimates of $3.88 billion. Whirlpool had a negative net margin of 0.95% and a positive return on equity of 20.81%. Whirlpool's revenue for the quarter was down 5.4% on a year-over-year basis. During the same period in the prior year, the business earned $2.39 EPS. Whirlpool has set its FY 2025 guidance at 6.000-8.000 EPS. As a group, sell-side analysts forecast that Whirlpool Corporation will post 9.52 earnings per share for the current year.

Whirlpool Cuts Dividend

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

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.

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