Connor Clark & Lunn Investment Management Ltd. Acquires Shares of 624,081 Whirlpool Corporation $WHR

Connor Clark & Lunn Investment Management Ltd. bought a new stake in Whirlpool Corporation (NYSE:WHR) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 624,081 shares of the company’s stock, valued at approximately $24,601,000. Connor Clark & Lunn Investment Management Ltd. owned 0.96% of Whirlpool at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Thrivent Financial for Lutherans grew its holdings in Whirlpool by 0.8% during the 2nd quarter. Thrivent Financial for Lutherans now owns 13,194 shares of the company’s stock valued at $1,338,000 after purchasing an additional 109 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its position in shares of Whirlpool by 0.3% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 52,944 shares of the company’s stock valued at $4,161,000 after buying an additional 144 shares during the period. Gamco Investors INC. ET AL boosted its position in shares of Whirlpool by 3.0% during the second quarter. Gamco Investors INC. ET AL now owns 5,150 shares of the company’s stock valued at $522,000 after buying an additional 150 shares during the period. Abel Hall LLC grew its stake in shares of Whirlpool by 1.4% during the third quarter. Abel Hall LLC now owns 12,044 shares of the company’s stock valued at $947,000 after buying an additional 162 shares during the last quarter. Finally, Equitable Holdings Inc. raised its holdings in shares of Whirlpool by 2.8% in the third quarter. Equitable Holdings Inc. now owns 6,298 shares of the company’s stock worth $495,000 after buying an additional 170 shares during the period. Institutional investors own 90.78% of the company’s stock.

Whirlpool Stock Down 0.5%

Shares of NYSE WHR opened at $40.13 on Tuesday. Whirlpool Corporation has a 12-month low of $35.45 and a 12-month high of $96.57. The stock’s fifty day simple moving average is $39.30 and its two-hundred day simple moving average is $50.86. The stock has a market capitalization of $2.62 billion, a PE ratio of 13.74, a price-to-earnings-growth ratio of 17.93 and a beta of 1.16. The company has a current ratio of 1.15, a quick ratio of 0.71 and a debt-to-equity ratio of 1.74.

Whirlpool (NYSE:WHR) last released its quarterly earnings results on Monday, August 3rd. The company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.15). The company had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $3.55 billion. Whirlpool had a return on equity of 4.18% and a net margin of 1.17%.The company’s revenue was down 6.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.34 earnings per share. Whirlpool has set its FY 2026 guidance at 2.500-3.000 EPS. As a group, analysts expect that Whirlpool Corporation will post 2.25 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on WHR shares. Mizuho cut their price objective on Whirlpool from $45.00 to $40.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 21st. Zacks Research upgraded shares of Whirlpool from a “strong sell” rating to a “hold” rating in a report on Thursday, August 6th. BNP Paribas Exane initiated coverage on shares of Whirlpool in a research note on Monday, July 13th. They issued a “neutral” rating and a $43.00 price target on the stock. Wall Street Zen upgraded shares of Whirlpool from a “strong sell” rating to a “sell” rating in a report on Saturday, August 8th. Finally, Stifel Nicolaus decreased their target price on Whirlpool from $45.00 to $37.00 and set a “hold” rating for the company in a research report on Thursday, July 23rd. One investment analyst has rated the stock with a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $46.33.

Whirlpool Profile

Whirlpool Corporation is a leading global manufacturer and marketer of home appliances, with a product portfolio that spans major categories such as laundry, refrigeration, cooking, dishwashing and small electrics. Headquartered in Benton Harbor, Michigan, the company designs, produces and distributes its appliances through a network of wholly owned manufacturing facilities, joint ventures and third-party partners. Whirlpool serves both retail and professional markets, offering products under its flagship Whirlpool brand as well as several well-known names including Maytag, KitchenAid, JennAir, Amana, Brastemp and Consul.

In its laundry segment, Whirlpool provides top- and front-load washing machines, dryers and combination units designed to balance energy efficiency, capacity and convenience.