State of New Jersey Common Pension Fund D Raises Stake in Whirlpool Corporation $WHR

State of New Jersey Common Pension Fund D grew its stake in shares of Whirlpool Corporation (NYSE:WHR) by 26.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,231 shares of the company’s stock after purchasing an additional 5,096 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Whirlpool were worth $2,458,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in WHR. Nuveen LLC purchased a new stake in shares of Whirlpool during the first quarter valued at $82,461,000. Causeway Capital Management LLC bought a new stake in shares of Whirlpool in the first quarter valued at about $32,788,000. Dimensional Fund Advisors LP raised its holdings in shares of Whirlpool by 25.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,723,612 shares of the company’s stock valued at $155,343,000 after acquiring an additional 350,397 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in shares of Whirlpool in the first quarter valued at about $30,621,000. Finally, Newport Trust Company LLC raised its holdings in shares of Whirlpool by 11.4% in the first quarter. Newport Trust Company LLC now owns 1,806,101 shares of the company’s stock valued at $162,784,000 after acquiring an additional 184,132 shares in the last quarter. 90.78% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on WHR shares. Royal Bank Of Canada decreased their price objective on Whirlpool from $65.00 to $63.00 and set an “underperform” rating for the company in a report on Wednesday, July 30th. Stifel Nicolaus started coverage on Whirlpool in a report on Wednesday, October 8th. They issued a “hold” rating and a $80.00 price objective for the company. Wall Street Zen downgraded Whirlpool from a “hold” rating to a “sell” rating in a report on Saturday, July 26th. Bank of America restated an “underperform” rating and issued a $70.00 price objective (down from $100.00) on shares of Whirlpool in a report on Tuesday, July 29th. Finally, 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. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, Whirlpool presently has an average rating of “Reduce” and a consensus target price of $89.71.

Whirlpool Stock Performance

WHR opened at $77.82 on Wednesday. Whirlpool Corporation has a 52-week low of $71.00 and a 52-week high of $135.49. The company has a quick ratio of 0.46, a current ratio of 0.85 and a debt-to-equity ratio of 2.39. The company has a market cap of $4.35 billion, a P/E ratio of -23.16 and a beta of 1.17. The firm’s 50-day moving average price is $83.16 and its 200-day moving average price is $86.05.

Whirlpool (NYSE:WHR) last posted its quarterly earnings data 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. Whirlpool had a negative net margin of 1.18% and a positive return on equity of 19.25%. The firm had revenue of $4.03 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter in the prior year, the company posted $3.43 earnings per share. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. Whirlpool has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that Whirlpool Corporation will post 9.52 EPS for the current fiscal year.

Whirlpool Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 21st will be given a $0.90 dividend. The ex-dividend date is Friday, November 21st. This represents a $3.60 dividend on an annualized basis and a yield of 4.6%. Whirlpool’s dividend payout ratio is currently -135.85%.

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.