Pinnacle Holdings LLC Purchases Shares of 19,027 Whirlpool Corporation $WHR

Pinnacle Holdings LLC acquired a new position in Whirlpool Corporation (NYSE:WHR) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 19,027 shares of the company’s stock, valued at approximately $750,000.

Several other hedge funds have also modified their holdings of the company. Thrivent Financial for Lutherans grew its holdings in shares of Whirlpool by 0.8% in the second 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 in the last quarter. Hotchkis & Wiley Capital Management LLC raised its stake in 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 purchasing an additional 144 shares in the last quarter. Gamco Investors INC. ET AL lifted its position in 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 purchasing an additional 150 shares during the last quarter. Abel Hall LLC lifted its position in 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 purchasing an additional 162 shares during the last quarter. Finally, Equitable Holdings Inc. grew its stake in shares of Whirlpool by 2.8% in the 3rd quarter. Equitable Holdings Inc. now owns 6,298 shares of the company’s stock worth $495,000 after buying an additional 170 shares in the last quarter. 90.78% of the stock is owned by hedge funds and other institutional investors.

Whirlpool Price Performance

Whirlpool stock opened at $40.39 on Monday. Whirlpool Corporation has a 12-month low of $35.45 and a 12-month high of $96.57. The company has a current ratio of 1.15, a quick ratio of 0.71 and a debt-to-equity ratio of 1.74. The firm has a 50-day moving average price of $39.33 and a 200-day moving average price of $51.18. The firm has a market capitalization of $2.63 billion, a PE ratio of 13.83, a price-to-earnings-growth ratio of 17.93 and a beta of 1.16.

Whirlpool (NYSE:WHR) last issued 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 firm had revenue of $3.52 billion for the quarter, compared to the consensus estimate of $3.55 billion. Whirlpool had a net margin of 1.17% and a return on equity of 4.18%. The business’s revenue for the quarter was down 6.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.34 earnings per share. Whirlpool has set its FY 2026 guidance at 2.500-3.000 EPS. As a group, equities research analysts forecast that Whirlpool Corporation will post 2.25 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on WHR. JPMorgan Chase & Co. lowered their price target on shares of Whirlpool from $59.00 to $52.00 and set a “neutral” rating for the company in a report on Monday, May 11th. Raymond James Financial reissued a “market perform” rating on shares of Whirlpool in a research note on Wednesday. Citigroup restated a “neutral” rating on shares of Whirlpool in a research report on Thursday, August 6th. Zacks Research raised Whirlpool from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 6th. Finally, Mizuho dropped their target price on Whirlpool from $45.00 to $40.00 and set a “neutral” rating for the company in a report on Tuesday, July 21st. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $46.88.

About Whirlpool

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.