Norges Bank Acquires New Holdings in Whirlpool Corporation $WHR

Norges Bank acquired a new position in shares of Whirlpool Corporation (NYSE:WHR) during the fourth quarter, HoldingsChannel reports. The firm acquired 443,013 shares of the company’s stock, valued at approximately $31,959,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Basepoint Wealth LLC acquired a new stake in shares of Whirlpool in the fourth quarter valued at approximately $66,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Whirlpool by 172.0% during the 4th 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 last quarter. Geode Capital Management LLC increased its position in shares of Whirlpool by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 1,279,044 shares of the company’s stock worth $92,472,000 after purchasing an additional 29,162 shares during the last quarter. Hantz Financial Services Inc. lifted its stake in Whirlpool by 86.1% in the fourth quarter. Hantz Financial Services Inc. now owns 2,415 shares of the company’s stock valued at $174,000 after acquiring an additional 1,117 shares during the last quarter. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in Whirlpool during the fourth quarter worth approximately $106,000. 90.78% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. JPMorgan Chase & Co. cut their price target on Whirlpool from $59.00 to $52.00 and set a “neutral” rating for the company in a report on Monday, May 11th. Citigroup reduced their target price on Whirlpool from $60.00 to $50.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. Mizuho initiated coverage on shares of Whirlpool in a research report on Monday, April 20th. They issued a “neutral” rating and a $55.00 target price for the company. Wall Street Zen downgraded Whirlpool from a “hold” rating to a “strong sell” rating in a report on Saturday, May 9th. Finally, Raymond James Financial restated a “market perform” rating on shares of Whirlpool in a research report on Monday, March 16th. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, Whirlpool currently has a consensus rating of “Reduce” and a consensus price target of $68.89.

Whirlpool Price Performance

Whirlpool stock opened at $41.41 on Wednesday. Whirlpool Corporation has a one year low of $38.38 and a one year high of $111.96. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.88 and a quick ratio of 0.48. The stock’s 50 day moving average is $48.96 and its 200 day moving average is $65.75. The firm has a market cap of $2.68 billion, a P/E ratio of 14.09, a P/E/G ratio of 15.62 and a beta of 1.15.

Whirlpool (NYSE:WHR) last posted its quarterly earnings data on Wednesday, May 6th. The company reported ($0.56) earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.99). Whirlpool had a return on equity of 7.68% and a net margin of 1.08%.The firm had revenue of $3.27 billion for the quarter, compared to analyst estimates of $3.44 billion. During the same quarter last year, the company earned $1.70 earnings per share. The company’s quarterly revenue was down 9.6% compared to the same quarter last year. Whirlpool has set its FY 2026 guidance at 3.000-3.500 EPS. As a group, research analysts expect that Whirlpool Corporation will post 2.53 EPS for the current year.

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.