Dakota Wealth Management Boosts Position in Whirlpool Corporation $WHR

Dakota Wealth Management boosted its position in shares of Whirlpool Corporation (NYSE:WHR) by 19.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,891 shares of the company’s stock after acquiring an additional 1,260 shares during the quarter. Dakota Wealth Management’s holdings in Whirlpool were worth $800,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of WHR. Cheviot Value Management LLC purchased a new stake in Whirlpool during the first quarter valued at $36,000. Ransom Advisory Ltd bought a new stake in Whirlpool during the first quarter valued at about $38,000. UMB Bank n.a. grew its holdings 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 purchasing an additional 129 shares during the period. Manitou Investment Management Ltd. bought a new stake in Whirlpool during the first quarter valued at about $50,000. Finally, HHM Wealth Advisors LLC grew its holdings in Whirlpool by 77.2% during the first quarter. HHM Wealth Advisors LLC now owns 560 shares of the company’s stock valued at $50,000 after purchasing an additional 244 shares during the period. Hedge funds and other institutional investors own 90.78% of the company’s stock.

Analysts Set New Price Targets

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

Whirlpool Stock Performance

NYSE WHR opened at $77.44 on Friday. The firm has a market cap of $4.33 billion, a price-to-earnings ratio of -29.22 and a beta of 1.16. The company has a quick ratio of 0.46, a current ratio of 0.85 and a debt-to-equity ratio of 2.39. The business has a 50-day moving average price of $89.01 and a 200-day moving average price of $88.17. Whirlpool Corporation has a twelve month low of $73.72 and a twelve month high of $135.49.

Whirlpool (NYSE:WHR) last released its quarterly earnings data 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). The business had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.88 billion. Whirlpool had a positive return on equity of 20.81% and a negative net margin of 0.95%.The business’s revenue was down 5.4% on a year-over-year basis. During the same period last year, the company earned $2.39 EPS. Whirlpool has set its FY 2025 guidance at 6.000-8.000 EPS. As a group, equities research analysts predict that Whirlpool Corporation will post 9.52 EPS for the current fiscal year.

Whirlpool Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were paid a dividend of $0.90 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $3.60 dividend on an annualized basis and a yield of 4.6%. Whirlpool’s dividend payout ratio is presently -135.85%.

About Whirlpool

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.