Connor Clark & Lunn Investment Management Ltd. Makes New $24.60 Million Investment in Whirlpool Corporation $WHR

Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Whirlpool Corporation (NYSE:WHR) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 624,081 shares of the company’s stock, valued at approximately $24,601,000.

Other hedge funds have also recently made changes to their positions in the company. Kelleher Financial Advisors purchased a new position in Whirlpool in the 2nd quarter worth $28,000. Northwestern Mutual Wealth Management Co. grew its stake in Whirlpool by 172.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 389 shares of the company’s stock valued at $28,000 after purchasing an additional 246 shares during the last quarter. Silvant Capital Management LLC purchased a new stake in Whirlpool during the 2nd quarter valued at about $29,000. Garton & Associates Financial Advisors LLC acquired a new position in shares of Whirlpool in the fourth quarter valued at about $35,000. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Whirlpool by 129.2% in the second quarter. EverSource Wealth Advisors LLC now owns 369 shares of the company’s stock worth $37,000 after purchasing an additional 208 shares during the last quarter. 90.78% of the stock is owned by institutional investors and hedge funds.

Whirlpool Price Performance

Whirlpool stock opened at $40.13 on Tuesday. The company has a fifty day simple moving average of $39.30 and a 200-day simple moving average of $50.86. The firm has a market capitalization of $2.62 billion, a price-to-earnings ratio of 13.74, a PEG ratio of 17.93 and a beta of 1.16. The company has a quick ratio of 0.71, a current ratio of 1.15 and a debt-to-equity ratio of 1.74. Whirlpool Corporation has a 52-week low of $35.45 and a 52-week high of $96.57.

Whirlpool (NYSE:WHR) last posted its quarterly earnings results on Monday, August 3rd. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.15). The business had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.55 billion. Whirlpool had a return on equity of 4.18% and a net margin of 1.17%.The business’s revenue was down 6.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.34 earnings per share. Whirlpool has set its FY 2026 guidance at 2.500-3.000 EPS. On average, equities analysts anticipate that Whirlpool Corporation will post 2.25 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. decreased their target price on Whirlpool from $59.00 to $52.00 and set a “neutral” rating for the company in a report on Monday, May 11th. Weiss Ratings reissued a “sell (d)” rating on shares of Whirlpool in a research report on Wednesday, August 5th. Wells Fargo & Company initiated coverage on shares of Whirlpool in a report on Monday. They issued an “equal weight” rating and a $42.00 price objective on the stock. Wall Street Zen upgraded shares of Whirlpool from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 8th. Finally, Stifel Nicolaus decreased their target price on shares of Whirlpool from $45.00 to $37.00 and set a “hold” rating for the company in a research report on Thursday, July 23rd. One investment analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $46.33.

Whirlpool Company Profile

Whirlpool Corporation is a leading global manufacturer and marketer of home appliances, with a product portfolio that spans major categories such as laundry, refrigeration, cooking, dishwashing and small electrics. Headquartered in Benton Harbor, Michigan, the company designs, produces and distributes its appliances through a network of wholly owned manufacturing facilities, joint ventures and third-party partners. Whirlpool serves both retail and professional markets, offering products under its flagship Whirlpool brand as well as several well-known names including Maytag, KitchenAid, JennAir, Amana, Brastemp and Consul.

In its laundry segment, Whirlpool provides top- and front-load washing machines, dryers and combination units designed to balance energy efficiency, capacity and convenience.