Principal Financial Group Inc. Buys 20,670 Shares of Whirlpool Corporation $WHR

Principal Financial Group Inc. lifted its stake in Whirlpool Corporation (NYSE:WHR) by 17.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 141,388 shares of the company’s stock after purchasing an additional 20,670 shares during the quarter. Principal Financial Group Inc. owned about 0.25% of Whirlpool worth $7,624,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Flagship Harbor Advisors LLC purchased a new position in Whirlpool during the fourth quarter worth $25,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Whirlpool by 172.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 389 shares of the company’s stock worth $28,000 after acquiring an additional 246 shares during the last quarter. Garton & Associates Financial Advisors LLC bought a new stake in shares of Whirlpool in the 4th quarter worth about $35,000. EverSource Wealth Advisors LLC boosted its stake in shares of Whirlpool by 129.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 369 shares of the company’s stock worth $37,000 after purchasing an additional 208 shares during the period. Finally, SBI Securities Co. Ltd. boosted its stake in shares of Whirlpool by 113.4% during the 4th quarter. SBI Securities Co. Ltd. now owns 527 shares of the company’s stock worth $38,000 after purchasing an additional 280 shares during the period. Hedge funds and other institutional investors own 90.78% of the company’s stock.

Whirlpool Stock Performance

Whirlpool stock opened at $37.28 on Monday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.48 and a current ratio of 0.88. The company has a market capitalization of $2.42 billion, a PE ratio of 12.68, a P/E/G ratio of 32.27 and a beta of 1.16. The company has a 50 day moving average price of $39.68 and a 200-day moving average price of $57.18. Whirlpool Corporation has a fifty-two week low of $35.45 and a fifty-two week high of $100.49.

Whirlpool (NYSE:WHR) last announced its quarterly earnings data on Wednesday, May 6th. The company reported ($0.56) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.99). The firm had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $3.44 billion. Whirlpool had a return on equity of 7.68% and a net margin of 1.08%.The firm’s revenue for the quarter was down 9.6% compared to the same quarter last year. During the same period last year, the company earned $1.70 EPS. Whirlpool has set its FY 2026 guidance at 3.000-3.500 EPS. As a group, equities analysts forecast that Whirlpool Corporation will post 1.15 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Whirlpool from $59.00 to $52.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. Mizuho cut their target price on Whirlpool from $45.00 to $40.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 21st. Weiss Ratings downgraded Whirlpool from a “hold (c-)” rating to a “sell (d)” rating in a report on Friday, May 8th. BNP Paribas Exane initiated coverage on Whirlpool in a research note on Monday, July 13th. They set a “neutral” rating and a $43.00 price target for the company. Finally, Stifel Nicolaus dropped their price objective on Whirlpool from $45.00 to $37.00 and set a “hold” rating for the company in a report on Thursday. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, Whirlpool has a consensus rating of “Reduce” and an average price target of $51.22.

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.