MADDEN SECURITIES Corp Has $1.06 Million Stake in Whirlpool Corporation $WHR

MADDEN SECURITIES Corp reduced its position in shares of Whirlpool Corporation (NYSE:WHR) by 10.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,490 shares of the company’s stock after selling 1,175 shares during the period. MADDEN SECURITIES Corp’s holdings in Whirlpool were worth $1,064,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in WHR. Charles Schwab Investment Management Inc. increased its position in Whirlpool by 5.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,235,977 shares of the company’s stock worth $201,529,000 after buying an additional 117,964 shares during the period. Newport Trust Company LLC boosted its position 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 valued at $162,784,000 after acquiring an additional 184,132 shares during the period. Dimensional Fund Advisors LP grew 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 valued at $155,343,000 after acquiring an additional 350,397 shares in the last quarter. HighTower Advisors LLC increased its position in Whirlpool by 1.3% during the first quarter. HighTower Advisors LLC now owns 1,047,645 shares of the company’s stock worth $94,424,000 after acquiring an additional 13,038 shares during the period. Finally, Nuveen LLC acquired a new stake in Whirlpool in the 1st quarter worth about $82,461,000. 90.78% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on WHR. Royal Bank Of Canada decreased their target price on shares of Whirlpool from $65.00 to $63.00 and set an “underperform” rating on the stock in a research report on Wednesday, July 30th. Bank of America reiterated an “underperform” rating and issued a $70.00 price target (down from $100.00) on shares of Whirlpool in a research note on Tuesday, July 29th. Loop Capital restated a “hold” rating and set a $88.00 price objective on shares of Whirlpool in a research note on Monday, August 4th. Longbow Research raised Whirlpool from a “neutral” rating to a “buy” rating and set a $145.00 price objective for the company in a report on Monday, June 30th. Finally, Wall Street Zen lowered Whirlpool from a “hold” rating to a “sell” rating in a report on Saturday, July 26th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $98.83.

Whirlpool Stock Performance

Shares of NYSE:WHR opened at $79.35 on Tuesday. Whirlpool Corporation has a 1 year low of $73.72 and a 1 year high of $135.49. The stock has a market capitalization of $4.43 billion, a price-to-earnings ratio of -29.94 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 company’s 50 day simple moving average is $86.81 and its 200 day simple moving average is $87.57.

Whirlpool (NYSE:WHR) last issued its earnings results on Monday, July 28th. The company reported $1.34 earnings per share 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 analyst estimates of $3.88 billion. During the same period in the prior year, the business posted $2.39 EPS. The company’s revenue for the quarter was down 5.4% compared to the same quarter last year. Whirlpool has set its FY 2025 guidance at 6.000-8.000 EPS. As a group, research analysts predict that Whirlpool Corporation will post 9.52 EPS for the current fiscal year.

Whirlpool Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were given a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date was Friday, August 29th. Whirlpool’s payout ratio is currently -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.