Edmp Inc. Raises Position in Whirlpool Corporation $WHR

Edmp Inc. grew its holdings in shares of Whirlpool Corporation (NYSE:WHR) by 8.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 23,275 shares of the company’s stock after purchasing an additional 1,727 shares during the quarter. Whirlpool makes up about 2.0% of Edmp Inc.’s investment portfolio, making the stock its 16th biggest position. Edmp Inc.’s holdings in Whirlpool were worth $2,361,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. GAMMA Investing LLC grew its position in Whirlpool by 22.9% during the second quarter. GAMMA Investing LLC now owns 784 shares of the company’s stock valued at $80,000 after acquiring an additional 146 shares during the period. Linden Thomas Advisory Services LLC grew its position in Whirlpool by 3.7% during the first quarter. Linden Thomas Advisory Services LLC now owns 4,184 shares of the company’s stock valued at $377,000 after acquiring an additional 149 shares during the period. Anderson Financial Strategies LLC grew its position in Whirlpool by 35.3% during the first quarter. Anderson Financial Strategies LLC now owns 644 shares of the company’s stock valued at $58,000 after acquiring an additional 168 shares during the period. Voya Investment Management LLC grew its position in Whirlpool by 2.9% during the first quarter. Voya Investment Management LLC now owns 6,613 shares of the company’s stock valued at $596,000 after acquiring an additional 186 shares during the period. Finally, State of Alaska Department of Revenue increased its holdings in Whirlpool by 3.0% in the 1st quarter. State of Alaska Department of Revenue now owns 6,487 shares of the company’s stock valued at $584,000 after purchasing an additional 190 shares in the last quarter. Hedge funds and other institutional investors own 90.78% of the company’s stock.

Whirlpool Trading Up 0.6%

Shares of NYSE WHR opened at $71.99 on Tuesday. The stock’s 50 day moving average price is $85.90 and its two-hundred day moving average price is $86.91. Whirlpool Corporation has a 52-week low of $71.33 and a 52-week high of $135.49. The stock has a market capitalization of $4.02 billion, a P/E ratio of -27.17 and a beta of 1.17. The company has a quick ratio of 0.46, a current ratio of 0.85 and a debt-to-equity ratio of 2.39.

Whirlpool (NYSE:WHR) last posted its earnings results on Monday, July 28th. The company reported $1.34 EPS for the quarter, missing the consensus estimate of $1.54 by ($0.20). The company had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.88 billion. Whirlpool had a negative net margin of 0.95% and a positive return on equity of 20.81%. The firm’s revenue for the quarter was down 5.4% compared to the same quarter last year. During the same period last year, the company posted $2.39 earnings per share. Whirlpool has set its FY 2025 guidance at 6.000-8.000 EPS. On average, analysts anticipate that Whirlpool Corporation will post 9.52 earnings per share for the current fiscal year.

Whirlpool Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were paid a $0.90 dividend. The ex-dividend date was Friday, August 29th. This represents a $3.60 annualized dividend and a dividend yield of 5.0%. Whirlpool’s dividend payout ratio (DPR) is presently -135.85%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Royal Bank Of Canada reduced their price objective on Whirlpool from $65.00 to $63.00 and set an “underperform” rating on the stock in a research note on Wednesday, July 30th. Bank of America reiterated an “underperform” rating and issued a $70.00 price target (down previously from $100.00) on shares of Whirlpool in a research note on Tuesday, July 29th. Loop Capital reiterated a “hold” rating and issued a $88.00 price target on shares of Whirlpool in a research note on Monday, August 4th. Stifel Nicolaus started coverage on Whirlpool in a research note on Wednesday, October 8th. They issued a “hold” rating and a $80.00 price target on the stock. Finally, Wall Street Zen cut Whirlpool from a “hold” rating to a “sell” rating in a research note on Saturday, July 26th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, Whirlpool currently has an average rating of “Reduce” and a consensus target price of $89.71.

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.