Amundi Acquires 10,973 Shares of Whirlpool Corporation $WHR

Amundi lifted its stake in Whirlpool Corporation (NYSE:WHR - Free Report) by 5.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 205,752 shares of the company's stock after acquiring an additional 10,973 shares during the period. Amundi owned 0.37% of Whirlpool worth $17,719,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in WHR. Charles Schwab Investment Management Inc. boosted its stake in Whirlpool by 5.6% during 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 purchasing an additional 117,964 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Whirlpool by 13.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 44,934 shares of the company's stock valued at $4,022,000 after buying an additional 5,202 shares during the period. CCM Investment Group LLC bought a new position in Whirlpool during the first quarter valued at about $628,000. HighTower Advisors LLC grew its holdings in Whirlpool by 1.3% during the first 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 during the period. Finally, MADDEN SECURITIES Corp lifted its holdings in Whirlpool by 44.5% in the 1st quarter. MADDEN SECURITIES Corp now owns 11,665 shares of the company's stock valued at $1,051,000 after acquiring an additional 3,595 shares during the last quarter. Institutional investors own 90.78% of the company's stock.

Whirlpool Stock Down 2.1%

Shares of WHR stock traded down $2.01 on Friday, reaching $92.95. 442,122 shares of the company's stock traded hands, compared to its average volume of 1,311,855. The company has a market capitalization of $5.20 billion, a P/E ratio of -35.07 and a beta of 1.16. Whirlpool Corporation has a 12-month low of $73.72 and a 12-month high of $135.49. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.46 and a current ratio of 0.85. The business's 50 day moving average price is $93.47 and its two-hundred day moving average price is $89.21.

Whirlpool (NYSE:WHR - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The company reported $1.34 EPS 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 for the quarter, compared to analyst estimates of $3.88 billion. During the same quarter in the previous year, the business posted $2.39 earnings per share. The company's 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, equities analysts forecast that Whirlpool Corporation will post 9.52 earnings per share for the current year.

Whirlpool Cuts Dividend

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

Analyst Upgrades and Downgrades

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

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.