Principal Financial Group Inc. Acquires 20,670 Shares of Whirlpool Corporation $WHR

Principal Financial Group Inc. lifted its holdings in Whirlpool Corporation (NYSE:WHR) by 17.1% in the 1st quarter, Holdings Channel.com reports. The firm owned 141,388 shares of the company’s stock after acquiring an additional 20,670 shares during the quarter. Principal Financial Group Inc.’s holdings in Whirlpool were worth $7,624,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Flagship Harbor Advisors LLC bought a new position in Whirlpool in the fourth quarter worth approximately $25,000. Northwestern Mutual Wealth Management Co. boosted its position in Whirlpool by 172.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 389 shares of the company’s stock valued at $28,000 after acquiring an additional 246 shares in the last quarter. Garton & Associates Financial Advisors LLC bought a new stake in Whirlpool during the 4th quarter valued at $35,000. EverSource Wealth Advisors LLC increased its holdings in shares of Whirlpool by 129.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 369 shares of the company’s stock valued at $37,000 after acquiring an additional 208 shares during the period. Finally, SBI Securities Co. Ltd. raised its position in shares of Whirlpool by 113.4% in the 4th quarter. SBI Securities Co. Ltd. now owns 527 shares of the company’s stock worth $38,000 after acquiring an additional 280 shares in the last quarter. 90.78% of the stock is currently owned by institutional investors.

Whirlpool Trading Up 0.0%

Shares of NYSE:WHR opened at $37.28 on Monday. The business’s 50-day moving average is $39.68 and its 200 day moving average is $57.18. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.88 and a quick ratio of 0.48. Whirlpool Corporation has a 1 year low of $35.45 and a 1 year high of $100.49. The firm has a market capitalization of $2.42 billion, a P/E ratio of 12.68, a P/E/G ratio of 32.27 and a beta of 1.16.

Whirlpool (NYSE:WHR) last issued its quarterly earnings results on Wednesday, May 6th. The company reported ($0.56) earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.99). Whirlpool had a return on equity of 7.68% and a net margin of 1.08%.The business had revenue of $3.27 billion during the quarter, compared to analyst estimates of $3.44 billion. During the same period in the prior year, the business posted $1.70 EPS. Whirlpool’s revenue was down 9.6% compared to the same quarter last year. Whirlpool has set its FY 2026 guidance at 3.000-3.500 EPS. On average, research analysts predict that Whirlpool Corporation will post 1.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on WHR shares. Citigroup decreased their price objective on Whirlpool from $50.00 to $42.00 and set a “neutral” rating for the company in a research note on Tuesday, July 14th. Royal Bank Of Canada reduced their target price on shares of Whirlpool from $32.00 to $30.00 and set an “underperform” rating for the company in a report on Tuesday, June 16th. JPMorgan Chase & Co. lowered their price target on shares of Whirlpool from $59.00 to $52.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. Weiss Ratings downgraded shares of Whirlpool from a “hold (c-)” rating to a “sell (d)” rating in a research report on Friday, May 8th. Finally, Stifel Nicolaus reduced their price objective on shares of Whirlpool from $45.00 to $37.00 and set a “hold” rating for the company in a research note on Thursday. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $51.22.

Whirlpool Company Profile

Whirlpool Corporation is a leading global manufacturer and marketer of home appliances, with a product portfolio that spans major categories such as laundry, refrigeration, cooking, dishwashing and small electrics. Headquartered in Benton Harbor, Michigan, the company designs, produces and distributes its appliances through a network of wholly owned manufacturing facilities, joint ventures and third-party partners. Whirlpool serves both retail and professional markets, offering products under its flagship Whirlpool brand as well as several well-known names including Maytag, KitchenAid, JennAir, Amana, Brastemp and Consul.

In its laundry segment, Whirlpool provides top- and front-load washing machines, dryers and combination units designed to balance energy efficiency, capacity and convenience.