Legal & General Group Plc Raises Stock Position in Whirlpool Corporation $WHR

Legal & General Group Plc increased its position in shares of Whirlpool Corporation (NYSE:WHR) by 2.8% in the 2nd quarter, HoldingsChannel reports. The fund owned 128,812 shares of the company’s stock after acquiring an additional 3,525 shares during the period. Legal & General Group Plc’s holdings in Whirlpool were worth $13,064,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of WHR. Charles Schwab Investment Management Inc. grew its holdings in shares of Whirlpool by 5.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,235,977 shares of the company’s stock valued at $201,529,000 after buying an additional 117,964 shares during the last quarter. Abel Hall LLC acquired a new stake in Whirlpool during the 2nd quarter worth about $1,205,000. Quinn Opportunity Partners LLC grew its stake in Whirlpool by 30.4% during the 2nd quarter. Quinn Opportunity Partners LLC now owns 77,273 shares of the company’s stock valued at $7,837,000 after purchasing an additional 18,000 shares during the last quarter. First City Capital Management Inc. purchased a new stake in Whirlpool during the 2nd quarter valued at about $409,000. Finally, CCM Investment Group LLC acquired a new position in shares of Whirlpool in the first quarter valued at about $628,000. 90.78% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on WHR. Zacks Research raised Whirlpool from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 30th. Stifel Nicolaus decreased their price objective on shares of Whirlpool from $80.00 to $69.00 and set a “hold” rating for the company in a research note on Wednesday, October 29th. Loop Capital reaffirmed a “hold” rating and issued a $88.00 price objective on shares of Whirlpool in a report on Monday, August 4th. The Goldman Sachs Group reduced their target price on shares of Whirlpool from $107.00 to $93.00 and set a “buy” rating for the company in a report on Monday, October 13th. Finally, Royal Bank Of Canada restated an “underperform” rating on shares of Whirlpool in a research report on Wednesday, October 29th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Whirlpool has a consensus rating of “Reduce” and an average target price of $86.43.

Whirlpool Price Performance

Shares of NYSE WHR opened at $77.32 on Friday. The company has a debt-to-equity ratio of 2.33, a current ratio of 0.86 and a quick ratio of 0.46. The stock has a market capitalization of $4.34 billion, a price-to-earnings ratio of -23.01 and a beta of 1.18. The firm’s 50 day simple moving average is $73.85 and its 200-day simple moving average is $84.89. Whirlpool Corporation has a 12 month low of $65.35 and a 12 month high of $135.49.

Whirlpool (NYSE:WHR) last posted its earnings results on Monday, October 27th. The company reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.68. The firm had revenue of $4.03 billion during the quarter, compared to analysts’ expectations of $3.92 billion. Whirlpool had a negative net margin of 1.18% and a positive return on equity of 19.49%. The business’s revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the business posted $3.43 EPS. Whirlpool has set its FY 2025 guidance at EPS. Analysts expect that Whirlpool Corporation will post 9.52 EPS for the current year.

Whirlpool Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 21st will be given a dividend of $0.90 per share. The ex-dividend date is Friday, November 21st. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.7%. Whirlpool’s dividend payout ratio (DPR) is -107.14%.

Whirlpool Company Profile

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.