Primecap Management Co. CA Acquires Shares of 3,597,189 Whirlpool Corporation $WHR

Primecap Management Co. CA acquired a new stake in Whirlpool Corporation (NYSE:WHR) in the second quarter, according to its most recent filing with the SEC. The fund acquired 3,597,189 shares of the company’s stock, valued at approximately $141,801,000. Primecap Management Co. CA owned approximately 5.52% of Whirlpool at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of WHR. PDT Partners LLC bought a new stake in shares of Whirlpool during the 2nd quarter valued at about $7,434,000. Canada Pension Plan Investment Board bought a new stake in shares of Whirlpool in the 2nd quarter worth approximately $61,003,000. Legal & General Group Plc bought a new position in shares of Whirlpool during the second quarter valued at about $4,003,000. The Manufacturers Life Insurance Company purchased a new stake in Whirlpool during the 2nd quarter valued at about $1,722,000. Finally, TCM Advisors LLC purchased a new stake in shares of Whirlpool during the second quarter valued at approximately $564,000. 90.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

WHR has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Whirlpool in a research report on Wednesday, August 5th. Mizuho cut their price objective on shares of Whirlpool from $45.00 to $40.00 and set a “neutral” rating on the stock in a report on Tuesday, July 21st. Zacks Research upgraded Whirlpool from a “strong sell” rating to a “hold” rating in a report on Thursday, August 6th. Wall Street Zen raised shares of Whirlpool from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 8th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Whirlpool from $59.00 to $52.00 and set a “neutral” rating on the stock in a research note on Monday, May 11th. One equities research 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. Based on data from MarketBeat.com, Whirlpool presently has a consensus rating of “Reduce” and a consensus price target of $46.33.

Whirlpool Price Performance

Shares of Whirlpool stock opened at $40.81 on Wednesday. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.71 and a current ratio of 1.15. Whirlpool Corporation has a one year low of $35.45 and a one year high of $96.57. The stock has a market cap of $2.66 billion, a price-to-earnings ratio of 13.98, a price-to-earnings-growth ratio of 17.84 and a beta of 1.16. The stock has a 50 day moving average price of $39.32 and a 200-day moving average price of $50.53.

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

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.