Northern Trust Corp Lowers Position in Whirlpool Corporation $WHR

Key Points

• Northern Trust Corp has reduced its holdings in Whirlpool Corporation by 1.8%, selling 9,424 shares during the first quarter, bringing its total to 503,308 shares valued at approximately $45.36 million.
• Whirlpool reported earnings per share of $1.34 for the latest quarter, missing analysts' estimates, with a year-over-year revenue decline of 5.4% to $3.77 billion.
• The quarterly dividend announced is $0.90 per share, reflecting a significant dividend payout ratio of -264.15%, indicating potential financial distress.

Northern Trust Corp lowered its position in shares of Whirlpool Corporation (NYSE:WHR - Free Report) by 1.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 503,308 shares of the company's stock after selling 9,424 shares during the period. Northern Trust Corp owned approximately 0.91% of Whirlpool worth $45,363,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Cheviot Value Management LLC bought a new stake in Whirlpool during the first quarter valued at $36,000. UMB Bank n.a. increased its holdings in shares of Whirlpool by 40.4% in the 1st quarter. UMB Bank n.a. now owns 448 shares of the company's stock valued at $40,000 after purchasing an additional 129 shares during the period. Anderson Financial Strategies LLC acquired a new stake in Whirlpool in the fourth quarter valued at approximately $54,000. Manitou Investment Management Ltd. bought a new position in shares of Whirlpool during the 1st quarter valued at $50,000. Finally, HHM Wealth Advisors LLC raised its holdings in shares of Whirlpool by 77.2% during the 1st quarter. HHM Wealth Advisors LLC now owns 560 shares of the company's stock valued at $50,000 after purchasing an additional 244 shares in the last quarter. Institutional investors own 90.78% of the company's stock.

Whirlpool Price Performance

Shares of NYSE WHR traded down $1.10 during mid-day trading on Monday, reaching $93.36. The company had a trading volume of 1,165,585 shares, compared to its average volume of 1,122,783. The business's 50-day simple moving average is $94.75 and its 200 day simple moving average is $89.71. The firm has a market cap of $5.22 billion, a price-to-earnings ratio of -35.23 and a beta of 1.16. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.46 and a current ratio of 0.85. Whirlpool Corporation has a one year low of $73.72 and a one year high of $135.49.

Whirlpool (NYSE:WHR - Get Free Report) last posted 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). The company had revenue of $3.77 billion during 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.39 earnings per share. Whirlpool has set its FY 2025 guidance at 6.000-8.000 EPS. On average, research analysts predict that Whirlpool Corporation will post 9.52 earnings per share for the current fiscal year.

Whirlpool Cuts Dividend

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, August 29th. Whirlpool's dividend payout ratio is currently -135.85%.

Analysts Set New Price Targets

A number of brokerages recently commented on WHR. Longbow Research upgraded Whirlpool from a "neutral" rating to a "buy" rating and set a $145.00 target price for the company in a research note on Monday, June 30th. Royal Bank Of Canada decreased 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. Bank of America restated an "underperform" rating and set a $70.00 target price (down previously from $100.00) on shares of Whirlpool in a report on Tuesday, July 29th. Wall Street Zen cut Whirlpool from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Finally, Loop Capital reiterated a "hold" rating and set a $88.00 price objective on shares of Whirlpool in a report on Monday, August 4th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Whirlpool 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.