Bank of New York Mellon Corp Grows Stock Position in Whirlpool Corporation $WHR

Bank of New York Mellon Corp lifted its holdings in Whirlpool Corporation (NYSE:WHR) by 14.1% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 375,932 shares of the company’s stock after purchasing an additional 46,509 shares during the period. Bank of New York Mellon Corp’s holdings in Whirlpool were worth $20,270,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. grew its position in Whirlpool by 3.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,429,230 shares of the company’s stock valued at $175,245,000 after buying an additional 80,122 shares during the period. RWWM Inc. boosted its stake in shares of Whirlpool by 191.6% during the 1st 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 boosted its stake 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 acquiring an additional 221,564 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Whirlpool by 2.3% during the 4th quarter. Geode Capital Management LLC now owns 1,279,044 shares of the company’s stock valued at $92,472,000 after acquiring an additional 29,162 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in shares of Whirlpool by 37.0% in the 4th quarter. Russell Investments Group Ltd. now owns 550,175 shares of the company’s stock worth $39,690,000 after purchasing an additional 148,535 shares in the last quarter. Hedge funds and other institutional investors own 90.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Stifel Nicolaus decreased their target price on Whirlpool from $45.00 to $37.00 and set a “hold” rating on the stock in a report on Thursday, July 23rd. Royal Bank Of Canada reduced their price target on Whirlpool from $32.00 to $30.00 and set an “underperform” rating for the company in a research report on Tuesday, June 16th. BNP Paribas Exane started coverage on Whirlpool in a research note on Monday, July 13th. They issued a “neutral” rating and a $43.00 price objective on the stock. Wall Street Zen raised Whirlpool from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 27th. Finally, Bank of America cut their price objective on Whirlpool from $43.00 to $36.00 and set an “underperform” rating for the company in a research note on Monday, June 22nd. One investment analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Reduce” and an average target price of $51.22.

Whirlpool Stock Down 0.2%

Shares of WHR stock opened at $38.40 on Thursday. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.88 and a quick ratio of 0.48. Whirlpool Corporation has a one year low of $35.45 and a one year high of $96.57. The company’s fifty day moving average price is $39.54 and its 200-day moving average price is $56.31. The company has a market capitalization of $2.49 billion, a price-to-earnings ratio of 13.06, a PEG ratio of 33.32 and a beta of 1.16.

Whirlpool (NYSE:WHR) last issued its earnings results on Wednesday, May 6th. The company reported ($0.56) earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.99). The firm had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $3.44 billion. Whirlpool had a return on equity of 7.68% and a net margin of 1.08%.The company’s quarterly revenue was down 9.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.70 EPS. Whirlpool has set its FY 2026 guidance at 3.000-3.500 EPS. Sell-side analysts expect that Whirlpool Corporation will post 1.15 EPS for the current fiscal 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.