Envestnet Asset Management Inc. Lowers Stock Position in Whirlpool Corporation $WHR

Envestnet Asset Management Inc. cut its position in shares of Whirlpool Corporation (NYSE:WHR) by 7.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 47,745 shares of the company’s stock after selling 3,835 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Whirlpool were worth $4,842,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cheviot Value Management LLC bought a new position in shares of Whirlpool during the 1st quarter worth approximately $36,000. Ransom Advisory Ltd purchased a new stake in shares of Whirlpool during the first quarter valued at approximately $38,000. HHM Wealth Advisors LLC increased its position in shares of Whirlpool by 77.2% during the first quarter. HHM Wealth Advisors LLC now owns 560 shares of the company’s stock valued at $50,000 after acquiring an additional 244 shares during the last quarter. Legend Financial Advisors Inc. bought a new stake in Whirlpool during the second quarter worth $51,000. Finally, Bogart Wealth LLC boosted its position in Whirlpool by 80.6% in the second quarter. Bogart Wealth LLC now owns 511 shares of the company’s stock worth $52,000 after purchasing an additional 228 shares during the last quarter. Hedge funds and other institutional investors own 90.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on WHR. Stifel Nicolaus decreased their target price on Whirlpool from $80.00 to $69.00 and set a “hold” rating for the company in a research report on Wednesday, October 29th. Bank of America reissued an “underperform” rating and issued a $70.00 price target (down from $100.00) on shares of Whirlpool in a report on Tuesday, July 29th. Zacks Research upgraded shares of Whirlpool from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 30th. Loop Capital reaffirmed a “hold” rating and issued a $88.00 price objective on shares of Whirlpool in a research report on Monday, August 4th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Whirlpool in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Whirlpool presently has a consensus rating of “Reduce” and an average price target of $86.43.

Whirlpool Trading Down 1.4%

Shares of Whirlpool stock opened at $65.72 on Friday. The stock has a market capitalization of $3.69 billion, a P/E ratio of -19.56 and a beta of 1.18. Whirlpool Corporation has a 52-week low of $65.35 and a 52-week high of $135.49. The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.46 and a current ratio of 0.86. The stock’s 50-day simple moving average is $77.66 and its 200 day simple moving average is $85.22.

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

Whirlpool Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 21st will be issued a dividend of $0.90 per share. The ex-dividend date of this dividend is Friday, November 21st. This represents a $3.60 dividend on an annualized basis and a yield of 5.5%. Whirlpool’s payout ratio is presently -107.14%.

Whirlpool 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.