Whirlpool Corporation $WHR Shares Sold by Bank of New York Mellon Corp

Key Points

• Bank of New York Mellon trimmed its Whirlpool stake by 1.8% in Q2, selling 11,151 shares and ending the period with 605,221 shares (~1.08%) valued at $61.38 million.
• Other large managers (Charles Schwab, Newport Trust, Dimensional) increased positions and institutional ownership stands at 90.78%, while Nuveen opened a new ~$82.5 million position.
• Analysts are mixed with an average rating of "Reduce" and a $86.43 price target; Whirlpool recently beat quarterly EPS estimates ($2.09 vs. $1.41) and declared a $0.90 quarterly dividend (5.3% yield).

Bank of New York Mellon Corp decreased its position in Whirlpool Corporation (NYSE:WHR - Free Report) by 1.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 605,221 shares of the company's stock after selling 11,151 shares during the quarter. Bank of New York Mellon Corp owned about 1.08% of Whirlpool worth $61,381,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of WHR. Charles Schwab Investment Management Inc. raised its position in Whirlpool by 5.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,235,977 shares of the company's stock worth $201,529,000 after acquiring an additional 117,964 shares in the last quarter. Newport Trust Company LLC raised its holdings 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 worth $162,784,000 after purchasing an additional 184,132 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake 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 during the last quarter. HighTower Advisors LLC boosted 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 buying an additional 13,038 shares in the last quarter. Finally, Nuveen LLC acquired a new position in Whirlpool in the first quarter worth approximately $82,461,000. 90.78% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

WHR has been the subject of a number of recent research reports. Royal Bank Of Canada reiterated an "underperform" rating on shares of Whirlpool in a research report on Wednesday, October 29th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Whirlpool in a report on Wednesday, October 8th. The Goldman Sachs Group decreased their price target on Whirlpool from $107.00 to $93.00 and set a "buy" rating for the company in a research report on Monday, October 13th. Loop Capital restated a "hold" rating and set a $88.00 price objective on shares of Whirlpool in a report on Monday, August 4th. Finally, Bank of America reiterated 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, four have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, Whirlpool currently has an average rating of "Reduce" and an average price target of $86.43.

Whirlpool Stock Down 1.2%

WHR opened at $67.63 on Monday. The company has a market capitalization of $3.80 billion, a PE ratio of -20.13 and a beta of 1.18. The company has a debt-to-equity ratio of 2.33, a current ratio of 0.86 and a quick ratio of 0.46. Whirlpool Corporation has a fifty-two week low of $67.15 and a fifty-two week high of $135.49. The business has a 50-day moving average of $79.69 and a 200-day moving average of $85.67.

Whirlpool (NYSE:WHR - Get Free Report) last released its quarterly earnings data on Monday, October 27th. The company reported $2.09 EPS for the quarter, topping analysts' consensus estimates of $1.41 by $0.68. The firm had revenue of $4.03 billion for the quarter, compared to the consensus estimate of $3.92 billion. Whirlpool had a positive return on equity of 19.49% and a negative net margin of 1.18%.The firm's revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.43 earnings per share. Whirlpool has set its FY 2025 guidance at EPS. Equities research analysts forecast that Whirlpool Corporation will post 9.52 EPS for the current fiscal year.

Whirlpool Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 21st will be paid a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend is Friday, November 21st. Whirlpool's payout ratio is presently -107.14%.

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.

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