Whirlpool Corporation $WHR Shares Sold by Easterly Investment Partners LLC

Key Points

• Easterly Investment Partners LLC reduced its holdings in Whirlpool Corporation by 7.2%, now owning approximately 0.23% of the company, valued at $12.78 million.
• Whirlpool's recent earnings miss analysts' expectations with earnings per share of $1.34 compared to the consensus estimate of $1.54, and revenue is down 5.4% year-over-year.
• The company declared a quarterly dividend of $0.90, equating to an annualized dividend of $3.60 and representing a yield of 5.0%, though its dividend payout ratio is currently negative.

Easterly Investment Partners LLC lessened its holdings in Whirlpool Corporation (NYSE:WHR - Free Report) by 7.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 126,031 shares of the company's stock after selling 9,799 shares during the quarter. Easterly Investment Partners LLC owned approximately 0.23% of Whirlpool worth $12,782,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Applied Finance Capital Management LLC lifted its stake in Whirlpool by 24.7% in the second quarter. Applied Finance Capital Management LLC now owns 9,498 shares of the company's stock valued at $963,000 after buying an additional 1,879 shares during the last quarter. Praxis Investment Management Inc. bought a new stake in Whirlpool in the second quarter valued at $212,000. Allianz Asset Management GmbH lifted its stake in Whirlpool by 72.4% in the second quarter. Allianz Asset Management GmbH now owns 227,817 shares of the company's stock valued at $23,105,000 after buying an additional 95,680 shares during the last quarter. Edmp Inc. lifted its stake in Whirlpool by 8.0% in the second quarter. Edmp Inc. now owns 23,275 shares of the company's stock valued at $2,361,000 after buying an additional 1,727 shares during the last quarter. Finally, Verdence Capital Advisors LLC bought a new stake in Whirlpool in the second quarter valued at $208,000. Institutional investors and hedge funds own 90.78% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Longbow Research upgraded Whirlpool from a "neutral" rating to a "buy" rating and set a $145.00 target price on the stock in a research note on Monday, June 30th. Wall Street Zen cut Whirlpool from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. Zacks Research upgraded shares of Whirlpool from a "strong sell" rating to a "hold" rating in a research note on Tuesday, September 30th. Royal Bank Of Canada cut their price objective on shares of Whirlpool from $65.00 to $63.00 and set an "underperform" rating on the stock in a research note on Wednesday, July 30th. Finally, Weiss Ratings restated a "sell (d)" rating on shares of Whirlpool in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus price target of $89.71.

Whirlpool Price Performance

NYSE:WHR opened at $72.31 on Friday. The business's 50-day moving average price is $85.26 and its 200 day moving average price is $86.60. The firm has a market cap of $4.04 billion, a P/E ratio of -27.29 and a beta of 1.17. Whirlpool Corporation has a 52-week low of $71.00 and a 52-week 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.

Whirlpool (NYSE:WHR - Get Free Report) last released its 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 firm had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.88 billion. Whirlpool had a positive return on equity of 20.81% and a negative net margin of 0.95%.Whirlpool's revenue was down 5.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.39 earnings per share. Whirlpool has set its FY 2025 guidance at 6.000-8.000 EPS. As a group, sell-side analysts predict 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 was paid on Monday, September 15th. Investors of record on Friday, August 29th were paid a $0.90 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $3.60 dividend on an annualized basis and a yield of 5.0%. Whirlpool's dividend payout ratio (DPR) is currently -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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