abrdn plc Raises Holdings in Whirlpool Co. (NYSE:WHR)

abrdn plc boosted its stake in Whirlpool Co. (NYSE:WHR) by 35.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 27,898 shares of the company’s stock after buying an additional 7,343 shares during the quarter. abrdn plc owned approximately 0.05% of Whirlpool worth $3,397,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Global Retirement Partners LLC boosted its stake in shares of Whirlpool by 160.0% during the 3rd quarter. Global Retirement Partners LLC now owns 221 shares of the company’s stock worth $28,000 after purchasing an additional 136 shares during the last quarter. Private Trust Co. NA boosted its position in Whirlpool by 190.7% during the fourth quarter. Private Trust Co. NA now owns 282 shares of the company’s stock worth $34,000 after acquiring an additional 185 shares during the last quarter. Sentry Investment Management LLC purchased a new stake in Whirlpool in the 3rd quarter worth approximately $39,000. NBC Securities Inc. acquired a new position in Whirlpool in the 3rd quarter valued at $40,000. Finally, ORG Partners LLC purchased a new position in shares of Whirlpool during the 4th quarter worth $37,000. Institutional investors and hedge funds own 90.78% of the company’s stock.

Analyst Ratings Changes

WHR has been the subject of a number of recent analyst reports. TheStreet raised Whirlpool from a “d+” rating to a “c+” rating in a research report on Monday, January 29th. JPMorgan Chase & Co. cut their price objective on shares of Whirlpool from $120.00 to $111.00 and set a “neutral” rating on the stock in a report on Friday, February 2nd. Royal Bank of Canada lowered their target price on shares of Whirlpool from $85.00 to $79.00 and set an “underperform” rating for the company in a report on Friday. Loop Capital initiated coverage on shares of Whirlpool in a research note on Thursday, February 22nd. They set a “buy” rating and a $140.00 price target on the stock. Finally, StockNews.com cut shares of Whirlpool from a “buy” rating to a “hold” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $113.40.

Whirlpool Trading Down 0.4 %

NYSE WHR opened at $94.60 on Monday. The firm has a market capitalization of $5.17 billion, a price-to-earnings ratio of 13.03 and a beta of 1.48. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.58 and a current ratio of 0.95. Whirlpool Co. has a one year low of $91.90 and a one year high of $160.62. The company’s 50 day moving average price is $109.14 and its 200 day moving average price is $112.57.

Whirlpool (NYSE:WHR) last issued its earnings results on Wednesday, April 24th. The company reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.17. Whirlpool had a net margin of 2.07% and a return on equity of 35.16%. The business had revenue of $4.49 billion for the quarter, compared to the consensus estimate of $4.42 billion. During the same quarter last year, the firm posted $2.66 EPS. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year. On average, sell-side analysts predict that Whirlpool Co. will post 13.3 EPS for the current year.

Whirlpool Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, June 15th. Stockholders of record on Friday, May 17th will be given a $1.75 dividend. This represents a $7.00 annualized dividend and a dividend yield of 7.40%. The ex-dividend date of this dividend is Thursday, May 16th. Whirlpool’s payout ratio is 96.42%.

About Whirlpool

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.