3,597,189 Shares in Whirlpool Corporation $WHR Purchased by Primecap Management Co. CA

Primecap Management Co. CA purchased a new stake in shares of Whirlpool Corporation (NYSE:WHR) during the 2nd quarter, HoldingsChannel reports. The firm purchased 3,597,189 shares of the company’s stock, valued at approximately $141,801,000. Primecap Management Co. CA owned approximately 0.06% of Whirlpool as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in WHR. Charles Schwab Investment Management Inc. grew its holdings in shares of Whirlpool by 3.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,429,230 shares of the company’s stock worth $175,245,000 after buying an additional 80,122 shares in the last quarter. RWWM Inc. increased its stake in Whirlpool by 191.6% during the first quarter. RWWM Inc. now owns 2,422,618 shares of the company’s stock worth $130,628,000 after acquiring an additional 1,591,849 shares during the last quarter. Newport Trust Company LLC increased its position in shares of Whirlpool by 10.2% during the 4th quarter. Newport Trust Company LLC now owns 2,391,252 shares of the company’s stock worth $172,505,000 after purchasing an additional 221,564 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of Whirlpool in the 2nd quarter valued at approximately $61,003,000. Finally, Geode Capital Management LLC raised its position in Whirlpool by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 1,279,044 shares of the company’s stock valued at $92,472,000 after purchasing an additional 29,162 shares during the period. 90.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports 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. Royal Bank Of Canada increased their target price on Whirlpool from $30.00 to $32.00 and gave the company an “underperform” rating in a report on Wednesday, August 5th. Citigroup restated a “neutral” rating on shares of Whirlpool in a research note on Thursday, August 6th. Raymond James Financial reaffirmed a “market perform” rating on shares of Whirlpool in a report on Wednesday, August 19th. Finally, Mizuho lowered their price objective on Whirlpool from $45.00 to $40.00 and set a “neutral” rating for the company in a research report on Tuesday, July 21st. One investment analyst has rated the stock with a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Whirlpool currently has an average rating of “Reduce” and an average price target of $46.33.

Whirlpool Price Performance

Shares of WHR opened at $40.81 on Wednesday. Whirlpool Corporation has a 1-year low of $35.45 and a 1-year high of $96.57. The stock has a market cap of $2.66 billion, a PE ratio of 13.98, a price-to-earnings-growth ratio of 17.84 and a beta of 1.16. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.15 and a quick ratio of 0.71. The firm has a fifty day moving average price of $39.32 and a 200 day moving average price of $50.53.

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

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.