Courier Capital LLC Trims Position in Whirlpool Corporation $WHR

Courier Capital LLC decreased its position in shares of Whirlpool Corporation (NYSE:WHR) by 4.0% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 24,694 shares of the company’s stock after selling 1,034 shares during the quarter. Courier Capital LLC’s holdings in Whirlpool were worth $2,504,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of WHR. Farther Finance Advisors LLC increased its position in Whirlpool by 27.1% during the first quarter. Farther Finance Advisors LLC now owns 4,257 shares of the company’s stock worth $388,000 after purchasing an additional 908 shares during the last quarter. GAMMA Investing LLC increased its position in Whirlpool by 132.0% during the first quarter. GAMMA Investing LLC now owns 638 shares of the company’s stock worth $58,000 after purchasing an additional 363 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in Whirlpool during the first quarter worth approximately $4,378,000. State of Alaska Department of Revenue increased its position in Whirlpool by 3.0% during the first quarter. State of Alaska Department of Revenue now owns 6,487 shares of the company’s stock worth $584,000 after purchasing an additional 190 shares during the last quarter. Finally, PSI Advisors LLC increased its position in Whirlpool by 51.2% during the first quarter. PSI Advisors LLC now owns 6,437 shares of the company’s stock worth $580,000 after purchasing an additional 2,179 shares during the last quarter. Hedge funds and other institutional investors own 90.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on WHR. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Whirlpool in a research report on Wednesday, October 8th. Stifel Nicolaus started coverage on shares of Whirlpool in a research report on Wednesday, October 8th. They issued a “hold” rating and a $80.00 price objective for the company. Longbow Research raised shares of Whirlpool from a “neutral” rating to a “buy” rating and set a $145.00 price objective for the company in a research report on Monday, June 30th. Loop Capital reissued a “hold” rating and issued a $88.00 price objective on shares of Whirlpool in a research report on Monday, August 4th. Finally, Wall Street Zen lowered shares of Whirlpool from a “hold” rating to a “sell” rating in a research report on Saturday, July 26th. 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 stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $89.71.

Whirlpool Price Performance

Shares of WHR stock opened at $71.99 on Tuesday. The firm has a market cap of $4.02 billion, a P/E ratio of -27.17 and a beta of 1.17. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.85 and a quick ratio of 0.46. Whirlpool Corporation has a 1-year low of $71.33 and a 1-year high of $135.49. The firm has a fifty day moving average of $85.90 and a two-hundred day moving average of $86.91.

Whirlpool (NYSE:WHR) last announced its quarterly earnings data on Monday, July 28th. The company reported $1.34 earnings per share for the quarter, missing the consensus estimate of $1.54 by ($0.20). Whirlpool had a positive return on equity of 20.81% and a negative net margin of 0.95%.The company had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.88 billion. During the same period in the prior year, the business earned $2.39 earnings per share. Whirlpool’s revenue was down 5.4% on a year-over-year basis. Whirlpool has set its FY 2025 guidance at 6.000-8.000 EPS. As a group, research analysts anticipate that Whirlpool Corporation will post 9.52 earnings per share for the current fiscal year.

Whirlpool Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were given a $0.90 dividend. The ex-dividend date was Friday, August 29th. This represents a $3.60 annualized dividend and a yield of 5.0%. Whirlpool’s dividend payout ratio (DPR) is currently -135.85%.

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.