Public Employees Retirement System of Ohio Acquires New Shares in Whirlpool Corporation $WHR

Public Employees Retirement System of Ohio purchased a new stake in Whirlpool Corporation (NYSE:WHR) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 17,895 shares of the company’s stock, valued at approximately $705,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. NewEdge Advisors LLC boosted its stake in Whirlpool by 56.7% in the 1st quarter. NewEdge Advisors LLC now owns 3,120 shares of the company’s stock worth $281,000 after purchasing an additional 1,129 shares during the period. Empowered Funds LLC increased its position in shares of Whirlpool by 206.5% during the first quarter. Empowered Funds LLC now owns 8,528 shares of the company’s stock valued at $769,000 after buying an additional 5,746 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Whirlpool by 15.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 214,918 shares of the company’s stock worth $19,371,000 after buying an additional 27,995 shares in the last quarter. Invesco Ltd. boosted its position in shares of Whirlpool by 3.2% in the second quarter. Invesco Ltd. now owns 229,566 shares of the company’s stock valued at $23,283,000 after acquiring an additional 7,151 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position 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 acquiring an additional 208 shares during the period. 90.78% of the stock is currently owned by institutional investors.

Whirlpool Trading Down 2.2%

Shares of WHR opened at $36.77 on Thursday. Whirlpool Corporation has a 1-year low of $35.45 and a 1-year high of $95.28. The company has a market capitalization of $2.40 billion, a P/E ratio of 12.59, a P/E/G ratio of 16.72 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. The firm’s 50 day simple moving average is $39.50 and its 200 day simple moving average is $46.74.

Whirlpool (NYSE:WHR) last released its quarterly earnings results on Monday, August 3rd. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.15). The company 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%.Whirlpool’s quarterly revenue was down 6.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.34 EPS. Whirlpool has set its FY 2026 guidance at 2.500-3.000 EPS. Sell-side analysts forecast that Whirlpool Corporation will post 2.25 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on WHR shares. Stifel Nicolaus decreased their target price on shares of Whirlpool from $45.00 to $37.00 and set a “hold” rating on the stock in a report on Thursday, July 23rd. Weiss Ratings restated a “sell (d)” rating on shares of Whirlpool in a research report on Wednesday, August 5th. Citigroup reaffirmed a “neutral” rating on shares of Whirlpool in a report on Thursday, August 6th. Wall Street Zen upgraded Whirlpool from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 8th. Finally, Raymond James Financial reissued a “market perform” rating on shares of Whirlpool in a research note on Wednesday, August 19th. One analyst has rated the stock with a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Whirlpool presently has an average rating of “Reduce” and an average target price of $46.33.

Whirlpool Profile

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.