IFG Advisory LLC Boosts Holdings in Whirlpool Corporation $WHR

IFG Advisory LLC grew its holdings in shares of Whirlpool Corporation (NYSE:WHR) by 31.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,141 shares of the company’s stock after acquiring an additional 1,000 shares during the quarter. IFG Advisory LLC’s holdings in Whirlpool were worth $420,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in WHR. Nuveen LLC purchased a new position in shares of Whirlpool during the first quarter worth approximately $82,461,000. Causeway Capital Management LLC purchased a new position in shares of Whirlpool during the first quarter worth approximately $32,788,000. Dimensional Fund Advisors LP increased its stake in shares of Whirlpool by 25.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,723,612 shares of the company’s stock worth $155,343,000 after buying an additional 350,397 shares during the period. Jacobs Levy Equity Management Inc. purchased a new position in shares of Whirlpool in the first quarter worth $30,621,000. Finally, Newport Trust Company LLC increased its stake in shares of Whirlpool by 11.4% in the first quarter. Newport Trust Company LLC now owns 1,806,101 shares of the company’s stock worth $162,784,000 after buying an additional 184,132 shares during the period. 90.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Bank of America reaffirmed an “underperform” rating and issued a $70.00 target price (down from $100.00) on shares of Whirlpool in a research note on Tuesday, July 29th. Loop Capital reissued a “hold” rating and set a $88.00 price objective on shares of Whirlpool in a research report on Monday, August 4th. Stifel Nicolaus reduced their price objective on shares of Whirlpool from $80.00 to $69.00 and set a “hold” rating on the stock in a research report on Wednesday. Wall Street Zen raised shares of Whirlpool from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Whirlpool in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Whirlpool has a consensus rating of “Reduce” and an average target price of $86.43.

Whirlpool Stock Performance

Shares of WHR stock opened at $71.50 on Monday. Whirlpool Corporation has a 12 month low of $70.95 and a 12 month high of $135.49. The stock has a market cap of $4.01 billion, a PE ratio of -21.28 and a beta of 1.17. The company has a current ratio of 0.86, a quick ratio of 0.46 and a debt-to-equity ratio of 2.33. The company’s fifty day moving average price is $82.14 and its 200-day moving average price is $85.95.

Whirlpool (NYSE:WHR) last announced its earnings results on Monday, October 27th. The company reported $2.09 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.68. Whirlpool had a negative net margin of 1.18% and a positive return on equity of 19.49%. The firm had revenue of $4.03 billion for the quarter, compared to analysts’ expectations of $3.92 billion. During the same quarter in the previous year, the business posted $3.43 EPS. The company’s quarterly revenue was up 1.0% on a year-over-year basis. Whirlpool has set its FY 2025 guidance at EPS. On average, equities analysts expect that Whirlpool Corporation will post 9.52 EPS for the current fiscal year.

Whirlpool Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 21st will be issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date is Friday, November 21st. Whirlpool’s payout ratio is -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.