Whirlpool (NYSE:WHR) Hits New 12-Month Low – Here’s What Happened

Whirlpool Corporation (NYSE:WHR) shares reached a new 52-week low on Monday . The stock traded as low as $65.32 and last traded at $65.7420, with a volume of 1820193 shares traded. The stock had previously closed at $68.43.

Wall Street Analyst Weigh In

A number of brokerages recently commented on WHR. Stifel Nicolaus dropped their price target on shares of Whirlpool from $82.00 to $75.00 and set a “hold” rating on the stock in a research note on Friday, January 30th. Zacks Research downgraded Whirlpool from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 9th. Weiss Ratings upgraded Whirlpool from a “sell (d)” rating to a “hold (c-)” rating in a research report on Thursday, February 12th. Finally, JPMorgan Chase & Co. decreased their price objective on Whirlpool from $78.00 to $76.00 and set a “neutral” rating on the stock in a research note on Monday, February 2nd. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $85.43.

Whirlpool Trading Down 6.3%

The company has a debt-to-equity ratio of 2.06, a current ratio of 0.76 and a quick ratio of 0.40. The stock has a market cap of $3.62 billion, a P/E ratio of 11.35 and a beta of 1.27. The firm’s fifty day moving average price is $81.19 and its two-hundred day moving average price is $80.08.

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

Whirlpool Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Friday, February 27th will be issued a dividend of $0.90 per share. The ex-dividend date of this dividend is Friday, February 27th. This represents a $3.60 annualized dividend and a dividend yield of 5.6%. Whirlpool’s dividend payout ratio (DPR) is currently 63.72%.

Institutional Trading of Whirlpool

Several institutional investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. increased its holdings in shares of Whirlpool by 3.4% in 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 during the period. Newport Trust Company LLC grew its position in 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 increased its stake in Whirlpool by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 1,279,044 shares of the company’s stock worth $92,472,000 after purchasing an additional 29,162 shares during the period. Norges Bank bought a new stake in Whirlpool in the second quarter valued at approximately $71,595,000. Finally, Causeway Capital Management LLC lifted its position in Whirlpool by 42.3% in the third quarter. Causeway Capital Management LLC now owns 617,039 shares of the company’s stock valued at $48,499,000 after purchasing an additional 183,496 shares during the last quarter. 90.78% of the stock is currently owned by hedge funds and other institutional investors.

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.