35,000 Shares in Whirlpool Corporation $WHR Purchased by Advent Capital Management DE

Advent Capital Management DE acquired a new stake in Whirlpool Corporation (NYSE:WHR) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 35,000 shares of the company’s stock, valued at approximately $3,550,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Whirlpool in the second quarter valued at approximately $71,595,000. Hsbc Holdings PLC increased its position in Whirlpool by 17.0% in the 2nd quarter. Hsbc Holdings PLC now owns 10,149 shares of the company’s stock valued at $1,028,000 after acquiring an additional 1,475 shares during the period. Quadrant Capital Group LLC raised its stake in Whirlpool by 18.4% during the 2nd quarter. Quadrant Capital Group LLC now owns 7,185 shares of the company’s stock valued at $729,000 after acquiring an additional 1,116 shares in the last quarter. Russell Investments Group Ltd. boosted its position in Whirlpool by 17.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 299,678 shares of the company’s stock worth $30,391,000 after acquiring an additional 45,419 shares during the period. Finally, J.W. Cole Advisors Inc. boosted its position in Whirlpool by 5.3% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 18,622 shares of the company’s stock worth $1,889,000 after acquiring an additional 936 shares during the period. Institutional investors own 90.78% of the company’s stock.

Whirlpool Stock Performance

WHR opened at $77.32 on Friday. The company has a quick ratio of 0.46, a current ratio of 0.86 and a debt-to-equity ratio of 2.33. The firm has a market cap of $4.34 billion, a PE ratio of -23.01 and a beta of 1.18. The business has a fifty day simple moving average of $73.85 and a 200-day simple moving average of $84.89. Whirlpool Corporation has a fifty-two week low of $65.35 and a fifty-two week high of $135.49.

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

Whirlpool Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 21st will be paid a $0.90 dividend. 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 4.7%. Whirlpool’s dividend payout ratio (DPR) is currently -107.14%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Wall Street Zen raised Whirlpool from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Loop Capital reissued a “hold” rating and set a $88.00 target price on shares of Whirlpool in a research note on Monday, August 4th. The Goldman Sachs Group reduced their price target on shares of Whirlpool from $107.00 to $93.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Stifel Nicolaus decreased their price objective on shares of Whirlpool from $80.00 to $69.00 and set a “hold” rating for the company in a report on Wednesday, October 29th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Whirlpool in a report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Whirlpool has an average rating of “Reduce” and an average 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.