Legal & General Group Plc Takes Position in Whirlpool Corporation $WHR

Legal & General Group Plc acquired a new stake in Whirlpool Corporation (NYSE:WHR) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 101,552 shares of the company’s stock, valued at approximately $4,003,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. increased its stake in Whirlpool by 172.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 389 shares of the company’s stock worth $28,000 after purchasing an additional 246 shares during the period. Kelleher Financial Advisors purchased a new position in shares of Whirlpool in the second quarter valued at approximately $28,000. Silvant Capital Management LLC purchased a new position in shares of Whirlpool in the second quarter valued at approximately $29,000. Garton & Associates Financial Advisors LLC acquired a new position in shares of Whirlpool in the fourth quarter valued at approximately $35,000. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Whirlpool by 129.2% in the second quarter. EverSource Wealth Advisors LLC now owns 369 shares of the company’s stock valued at $37,000 after purchasing an additional 208 shares in the last quarter. 90.78% of the stock is currently owned by hedge funds and other institutional investors.

Whirlpool Stock Up 2.3%

Whirlpool stock opened at $39.37 on Friday. The stock’s 50 day moving average price is $39.57 and its 200 day moving average price is $48.05. Whirlpool Corporation has a 1-year low of $35.45 and a 1-year high of $96.57. The company has a market cap of $2.57 billion, a PE ratio of 13.48, a price-to-earnings-growth ratio of 17.11 and a beta of 1.18. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.15 and a quick ratio of 0.71.

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

Wall Street Analysts Forecast Growth

WHR has been the subject of several analyst reports. Mizuho lowered their price target on shares of Whirlpool from $45.00 to $40.00 and set a “neutral” rating for the company in a report on Tuesday, July 21st. Wells Fargo & Company assumed coverage on Whirlpool in a report on Monday, August 24th. They set an “equal weight” rating and a $42.00 price objective on the stock. Bank of America reduced their price target on shares of Whirlpool from $43.00 to $36.00 and set an “underperform” rating for the company in a research report on Monday, June 22nd. Raymond James Financial restated a “market perform” rating on shares of Whirlpool in a research note on Wednesday, August 19th. Finally, Royal Bank Of Canada boosted their target price on Whirlpool from $30.00 to $32.00 and gave the company an “underperform” rating in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, Whirlpool currently has an average rating of “Reduce” and a consensus price target of $46.33.

About Whirlpool

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.