Advisors Capital Management LLC Has $23.60 Million Position in Whirlpool Corporation $WHR

Advisors Capital Management LLC grew its stake in Whirlpool Corporation (NYSE:WHR) by 2.7% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 300,276 shares of the company’s stock after buying an additional 7,851 shares during the period. Advisors Capital Management LLC’s holdings in Whirlpool were worth $23,602,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SG Americas Securities LLC boosted its position in Whirlpool by 2,119.5% during the third quarter. SG Americas Securities LLC now owns 52,004 shares of the company’s stock valued at $4,088,000 after acquiring an additional 49,661 shares during the last quarter. Quinn Opportunity Partners LLC lifted its stake in shares of Whirlpool by 30.4% in the 2nd quarter. Quinn Opportunity Partners LLC now owns 77,273 shares of the company’s stock valued at $7,837,000 after purchasing an additional 18,000 shares during the period. Newport Trust Company LLC boosted its position in shares of Whirlpool by 5.5% during the 3rd quarter. Newport Trust Company LLC now owns 2,169,688 shares of the company’s stock valued at $170,537,000 after purchasing an additional 112,579 shares in the last quarter. Geode Capital Management LLC grew its stake in Whirlpool by 4.7% during the second quarter. Geode Capital Management LLC now owns 1,221,838 shares of the company’s stock worth $124,189,000 after purchasing an additional 54,584 shares during the period. Finally, Curi Capital LLC bought a new stake in Whirlpool in the second quarter worth approximately $57,699,000. 90.78% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

WHR has been the topic of a number of research analyst reports. Stifel Nicolaus cut their price target on Whirlpool from $82.00 to $75.00 and set a “hold” rating on the stock in a report on Friday, January 30th. Weiss Ratings upgraded shares of Whirlpool from a “sell (d)” rating to a “hold (c-)” rating in a research report on Thursday, February 12th. JPMorgan Chase & Co. reduced their price target on shares of Whirlpool from $78.00 to $76.00 and set a “neutral” rating for the company in a report on Monday, February 2nd. Wall Street Zen upgraded shares of Whirlpool from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Finally, Royal Bank Of Canada reissued an “underperform” rating on shares of Whirlpool in a research report on Wednesday, October 29th. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $85.43.

Whirlpool Stock Down 1.7%

Whirlpool stock opened at $87.20 on Wednesday. The firm has a market capitalization of $4.93 billion, a price-to-earnings ratio of 15.43, a price-to-earnings-growth ratio of 1.46 and a beta of 1.25. The firm’s fifty day moving average price is $81.08 and its two-hundred day moving average price is $80.48. Whirlpool Corporation has a 1-year low of $65.35 and a 1-year high of $111.96. The company has a current ratio of 0.76, a quick ratio of 0.40 and a debt-to-equity ratio of 2.06.

Whirlpool (NYSE:WHR) last posted its earnings results on Wednesday, January 28th. The company reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.44). Whirlpool had a return on equity of 12.98% and a net margin of 2.04%.The business had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.27 billion. During the same quarter in the prior year, the company earned $4.57 EPS. The company’s revenue was down 1.0% on a year-over-year basis. Whirlpool has set its FY 2026 guidance at 7.000-7.000 EPS. On average, equities research analysts predict that Whirlpool Corporation will post 9.52 earnings per share for the current fiscal year.

Whirlpool Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Friday, February 27th will be issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Friday, February 27th. Whirlpool’s payout ratio is currently 63.72%.

Whirlpool Company 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.