Platinum Investment Management Ltd. Buys 363 Shares of Whirlpool Corporation $WHR

Platinum Investment Management Ltd. lifted its stake in Whirlpool Corporation (NYSE:WHR) by 12.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,368 shares of the company’s stock after purchasing an additional 363 shares during the period. Platinum Investment Management Ltd.’s holdings in Whirlpool were worth $342,000 at the end of the most recent quarter.

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

Whirlpool Stock Performance

WHR opened at $78.99 on Thursday. The business’s 50-day moving average price is $87.96 and its two-hundred day moving average price is $87.95. Whirlpool Corporation has a 1 year low of $73.72 and a 1 year high of $135.49. The company has a market capitalization of $4.41 billion, a price-to-earnings ratio of -29.81 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 (NYSE:WHR) last released its quarterly earnings results on Monday, July 28th. The company reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.54 by ($0.20). Whirlpool had a negative net margin of 0.95% and a positive return on equity of 20.81%. The firm had revenue of $3.77 billion during the quarter, compared to analyst estimates of $3.88 billion. During the same period in the prior year, the business earned $2.39 EPS. The business’s revenue for the quarter was down 5.4% compared to the same quarter last year. Whirlpool has set its FY 2025 guidance at 6.000-8.000 EPS. Equities analysts expect that Whirlpool Corporation will post 9.52 EPS for the current fiscal year.

Whirlpool Cuts Dividend

The business also recently announced 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 of this dividend was Friday, August 29th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.6%. Whirlpool’s payout ratio is currently -135.85%.

Analyst Ratings Changes

Several research firms have weighed in on WHR. Royal Bank Of Canada reduced their target price on Whirlpool from $65.00 to $63.00 and set an “underperform” rating on the stock in a report on Wednesday, July 30th. Bank of America reiterated an “underperform” rating and set a $70.00 target price (down from $100.00) on shares of Whirlpool in a report on Tuesday, July 29th. Longbow Research upgraded Whirlpool from a “neutral” rating to a “buy” rating and set a $145.00 target price on the stock in a report on Monday, June 30th. Wall Street Zen lowered Whirlpool from a “hold” rating to a “sell” rating in a report on Saturday, July 26th. Finally, Loop Capital reiterated a “hold” rating and set a $88.00 target price on shares of Whirlpool in a report on Monday, August 4th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $98.83.

Whirlpool Company 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.