The Manufacturers Life Insurance Company Takes $1.72 Million Position in Whirlpool Corporation $WHR

The Manufacturers Life Insurance Company bought a new position in shares of Whirlpool Corporation (NYSE:WHR) in the second quarter, Holdings Channel reports. The institutional investor bought 43,694 shares of the company’s stock, valued at approximately $1,722,000.

Other hedge funds have also recently modified their holdings of the company. Thrivent Financial for Lutherans lifted its stake in Whirlpool by 0.8% in the 2nd quarter. Thrivent Financial for Lutherans now owns 13,194 shares of the company’s stock valued at $1,338,000 after buying an additional 109 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its stake in Whirlpool by 0.3% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 52,944 shares of the company’s stock worth $4,161,000 after buying an additional 144 shares in the last quarter. Gamco Investors INC. ET AL increased its stake in Whirlpool by 3.0% during the 2nd quarter. Gamco Investors INC. ET AL now owns 5,150 shares of the company’s stock worth $522,000 after buying an additional 150 shares in the last quarter. Abel Hall LLC raised its holdings 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 acquiring an additional 162 shares during the last quarter. Finally, Equitable Holdings Inc. raised its holdings in shares of Whirlpool by 2.8% during the third quarter. Equitable Holdings Inc. now owns 6,298 shares of the company’s stock valued at $495,000 after acquiring an additional 170 shares during the last quarter. Institutional investors and hedge funds own 90.78% of the company’s stock.

Whirlpool Stock Down 1.3%

WHR stock opened at $38.41 on Friday. 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 of $39.56 and a two-hundred day moving average of $48.11. Whirlpool Corporation has a 12 month low of $35.45 and a 12 month high of $96.57. The company has a market cap of $2.50 billion, a price-to-earnings ratio of 13.15, a PEG ratio of 17.30 and a beta of 1.18.

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

Analyst Ratings Changes

A number of analysts have recently issued reports on WHR shares. JPMorgan Chase & Co. lowered their price target on Whirlpool from $59.00 to $52.00 and set a “neutral” rating on the stock in a research note on Monday, May 11th. Mizuho reduced their price objective on Whirlpool from $45.00 to $40.00 and set a “neutral” rating for the company in a research note on Tuesday, July 21st. Bank of America decreased their price objective on Whirlpool from $43.00 to $36.00 and set an “underperform” rating on the stock in a report on Monday, June 22nd. Zacks Research raised shares of Whirlpool from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 6th. Finally, Wall Street Zen raised shares of Whirlpool from a “strong sell” rating to a “sell” rating in a report on Saturday, August 8th. 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 company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $46.33.

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.