Police & Firemen s Retirement System of New Jersey Purchases 1,345 Shares of Whirlpool Corporation $WHR

Police & Firemen s Retirement System of New Jersey boosted its position in shares of Whirlpool Corporation (NYSE:WHR) by 7.1% in the second quarter, Holdings Channel reports. The fund owned 20,297 shares of the company’s stock after purchasing an additional 1,345 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in Whirlpool were worth $2,059,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC grew its stake in shares of Whirlpool by 22.9% during the 2nd quarter. GAMMA Investing LLC now owns 784 shares of the company’s stock valued at $80,000 after purchasing an additional 146 shares during the period. Anderson Financial Strategies LLC lifted its stake in shares of Whirlpool by 35.3% in the 1st quarter. Anderson Financial Strategies LLC now owns 644 shares of the company’s stock worth $58,000 after purchasing an additional 168 shares during the period. Voya Investment Management LLC boosted its holdings in shares of Whirlpool by 2.9% in the first quarter. Voya Investment Management LLC now owns 6,613 shares of the company’s stock worth $596,000 after buying an additional 186 shares during the last quarter. UMB Bank n.a. grew its position in Whirlpool by 44.0% during the second quarter. UMB Bank n.a. now owns 645 shares of the company’s stock valued at $65,000 after buying an additional 197 shares during the period. Finally, Advisory Alpha LLC grew its position in Whirlpool by 8.9% during the second quarter. Advisory Alpha LLC now owns 2,454 shares of the company’s stock valued at $249,000 after buying an additional 201 shares during the period. 90.78% of the stock is owned by hedge funds and other institutional investors.

Whirlpool Stock Up 2.1%

WHR opened at $70.15 on Thursday. The stock has a market cap of $3.94 billion, a price-to-earnings ratio of -20.88 and a beta of 1.18. 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 firm’s fifty day moving average is $75.65 and its 200 day moving average is $85.08. Whirlpool Corporation has a fifty-two week low of $65.35 and a fifty-two week high of $135.49.

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

Whirlpool Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 21st will be paid a $0.90 dividend. The ex-dividend date is Friday, November 21st. This represents a $3.60 annualized dividend and a yield of 5.1%. Whirlpool’s payout ratio is presently -107.14%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Bank of America reiterated an “underperform” rating and issued a $70.00 price target (down from $100.00) on shares of Whirlpool in a research report on Tuesday, July 29th. Weiss Ratings restated a “sell (d)” rating on shares of Whirlpool in a research note on Wednesday, October 8th. The Goldman Sachs Group decreased their target price on Whirlpool from $107.00 to $93.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Stifel Nicolaus cut their price target on Whirlpool from $80.00 to $69.00 and set a “hold” rating for the company in a report on Wednesday, October 29th. Finally, Zacks Research upgraded Whirlpool from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 30th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Whirlpool has an average rating of “Reduce” and a consensus target price of $86.43.

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.