2,397 Shares in Whirlpool Corporation $WHR Purchased by IVC Wealth Advisors LLC

IVC Wealth Advisors LLC bought a new position in shares of Whirlpool Corporation (NYSE:WHR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 2,397 shares of the company’s stock, valued at approximately $243,000.

A number of other hedge funds also recently bought and sold shares of WHR. Cheviot Value Management LLC acquired a new stake in Whirlpool in the 1st quarter valued at about $36,000. Ransom Advisory Ltd acquired a new stake in Whirlpool in the 1st quarter valued at about $38,000. UMB Bank n.a. raised its position in Whirlpool by 40.4% in the 1st quarter. UMB Bank n.a. now owns 448 shares of the company’s stock valued at $40,000 after purchasing an additional 129 shares in the last quarter. Manitou Investment Management Ltd. acquired a new stake in Whirlpool in the 1st quarter valued at about $50,000. Finally, HHM Wealth Advisors LLC raised its position in Whirlpool by 77.2% in the 1st quarter. HHM Wealth Advisors LLC now owns 560 shares of the company’s stock valued at $50,000 after purchasing an additional 244 shares in the last quarter. Institutional investors and hedge funds own 90.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on WHR shares. Longbow Research raised Whirlpool from a “neutral” rating to a “buy” rating and set a $145.00 price target on the stock in a research report on Monday, June 30th. Loop Capital reaffirmed a “hold” rating and issued a $88.00 price target on shares of Whirlpool in a research report on Monday, August 4th. Bank of America reiterated an “underperform” rating and issued a $70.00 price objective (down previously from $100.00) on shares of Whirlpool in a report on Tuesday, July 29th. Royal Bank Of Canada dropped their price objective on Whirlpool from $65.00 to $63.00 and set an “underperform” rating on the stock in a report on Wednesday, July 30th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Whirlpool in a report on Saturday, September 27th. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Whirlpool currently has a consensus rating of “Reduce” and an average price target of $98.83.

Whirlpool Trading Up 0.6%

WHR opened at $80.05 on Friday. Whirlpool Corporation has a one year low of $73.72 and a one year high of $135.49. The company has a market cap of $4.47 billion, a P/E ratio of -30.21 and a beta of 1.17. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.46 and a current ratio of 0.85. The business’s 50-day simple moving average is $87.19 and its 200-day simple moving average is $87.71.

Whirlpool (NYSE:WHR) last released its quarterly earnings results on Monday, July 28th. The company reported $1.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.20). The firm had revenue of $3.77 billion for the quarter, compared to analysts’ expectations of $3.88 billion. Whirlpool had a positive return on equity of 20.81% and a negative net margin of 0.95%.The company’s quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.39 EPS. Whirlpool has set its FY 2025 guidance at 6.000-8.000 EPS. As a group, equities research analysts expect 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. 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 dividend payout ratio (DPR) is currently -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.