Federated Hermes Inc. Buys 54,961 Shares of Whirlpool Corporation $WHR

Federated Hermes Inc. grew its position in shares of Whirlpool Corporation (NYSE:WHR) by 49.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 166,133 shares of the company’s stock after buying an additional 54,961 shares during the quarter. Federated Hermes Inc.’s holdings in Whirlpool were worth $16,849,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Deutsche Bank AG lifted its holdings in Whirlpool by 14.9% in the first quarter. Deutsche Bank AG now owns 7,324 shares of the company’s stock valued at $660,000 after acquiring an additional 952 shares during the period. Invesco Ltd. grew its stake in shares of Whirlpool by 3.6% during the 1st quarter. Invesco Ltd. now owns 222,415 shares of the company’s stock valued at $20,046,000 after purchasing an additional 7,711 shares during the period. Nuveen LLC purchased a new stake in shares of Whirlpool during the 1st quarter valued at about $82,461,000. HighTower Advisors LLC lifted its stake in shares of Whirlpool by 1.3% in the 1st quarter. HighTower Advisors LLC now owns 1,047,645 shares of the company’s stock worth $94,424,000 after purchasing an additional 13,038 shares during the period. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Whirlpool by 12.2% in the first quarter. Russell Investments Group Ltd. now owns 254,259 shares of the company’s stock worth $22,916,000 after buying an additional 27,606 shares during the last quarter. Institutional investors own 90.78% of the company’s stock.

Whirlpool Stock Performance

NYSE WHR opened at $78.10 on Thursday. The firm has a market cap of $4.39 billion, a price-to-earnings ratio of -23.24 and a beta of 1.21. The company has a quick ratio of 0.47, a current ratio of 0.86 and a debt-to-equity ratio of 2.33. The business has a 50-day moving average price of $73.69 and a 200-day moving average price of $84.73. Whirlpool Corporation has a twelve month low of $65.35 and a twelve month high of $135.49.

Whirlpool (NYSE:WHR) last issued its earnings results 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 positive return on equity of 19.49% and a negative net margin of 1.18%.The company had revenue of $4.03 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter last year, the company earned $3.43 EPS. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. As a group, equities research analysts predict that Whirlpool Corporation will post 9.52 EPS for the current fiscal year.

Whirlpool Dividend Announcement

The business 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 dividend of $0.90 per share. The ex-dividend date is Friday, November 21st. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.6%. Whirlpool’s dividend payout ratio is currently -107.14%.

Analyst Ratings Changes

A number of brokerages have commented on WHR. Royal Bank Of Canada reaffirmed an “underperform” rating on shares of Whirlpool in a report on Wednesday, October 29th. 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. Wall Street Zen raised Whirlpool from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Whirlpool in a research note on Wednesday, October 8th. Finally, Zacks Research upgraded Whirlpool from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 30th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Whirlpool presently has a consensus rating of “Reduce” and an average price target 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.