Fishman Jay A Ltd. MI Increases Stock Position in Whirlpool Corporation $WHR

Fishman Jay A Ltd. MI lifted its position in shares of Whirlpool Corporation (NYSE:WHR) by 51.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 154,972 shares of the company’s stock after buying an additional 52,825 shares during the period. Whirlpool makes up about 1.5% of Fishman Jay A Ltd. MI’s holdings, making the stock its 17th biggest holding. Fishman Jay A Ltd. MI owned 0.28% of Whirlpool worth $15,717,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC increased its stake in Whirlpool by 22.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 12,656 shares of the company’s stock worth $1,449,000 after acquiring an additional 2,326 shares during the last quarter. GAMMA Investing LLC increased its position in Whirlpool by 20,810.2% during the 1st quarter. GAMMA Investing LLC now owns 57,503 shares of the company’s stock worth $5,183,000 after purchasing an additional 57,228 shares in the last quarter. Rhumbline Advisers raised its holdings in Whirlpool by 0.9% in the first quarter. Rhumbline Advisers now owns 149,114 shares of the company’s stock valued at $13,440,000 after buying an additional 1,337 shares during the period. UMB Bank n.a. lifted its position in Whirlpool by 40.4% during the first quarter. UMB Bank n.a. now owns 448 shares of the company’s stock valued at $40,000 after buying an additional 129 shares in the last quarter. Finally, Park Avenue Securities LLC grew its stake in Whirlpool by 4.6% during the first quarter. Park Avenue Securities LLC now owns 7,296 shares of the company’s stock worth $658,000 after buying an additional 324 shares during the period. Institutional investors and hedge funds own 90.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on WHR. Wall Street Zen downgraded shares of Whirlpool from a “hold” rating to a “sell” rating in a research note on Saturday, July 26th. Bank of America reissued an “underperform” rating and issued a $70.00 price objective (down from $100.00) on shares of Whirlpool in a research report on Tuesday, July 29th. Longbow Research upgraded Whirlpool from a “neutral” rating to a “buy” rating and set a $145.00 price objective on the stock in a research note on Monday, June 30th. Zacks Research upgraded Whirlpool from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 30th. Finally, Royal Bank Of Canada dropped their target price on Whirlpool from $65.00 to $63.00 and set an “underperform” rating on the stock in a report on Wednesday, July 30th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $98.83.

Whirlpool Stock Up 0.6%

Shares of Whirlpool stock opened at $80.05 on Monday. Whirlpool Corporation has a 1-year low of $73.72 and a 1-year high of $135.49. The company has a market capitalization of $4.47 billion, a PE ratio of -30.21 and a beta of 1.17. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.85 and a quick ratio of 0.46. The business has a 50-day moving average of $87.19 and a 200-day moving average of $87.67.

Whirlpool (NYSE:WHR) last issued its quarterly earnings results on Monday, July 28th. The company reported $1.34 EPS for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.20). Whirlpool had a negative net margin of 0.95% and a positive return on equity of 20.81%. The business had revenue of $3.77 billion during the quarter, compared to analysts’ expectations of $3.88 billion. During the same period in the prior year, the company posted $2.39 EPS. The company’s revenue for the quarter was down 5.4% on a year-over-year basis. Whirlpool has set its FY 2025 guidance at 6.000-8.000 EPS. As a group, equities analysts forecast that Whirlpool Corporation will post 9.52 EPS 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. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date was Friday, August 29th. Whirlpool’s payout ratio is -135.85%.

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.