443,013 Shares in Whirlpool Corporation $WHR Acquired by Norges Bank

Norges Bank purchased a new stake in Whirlpool Corporation (NYSE:WHR) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 443,013 shares of the company’s stock, valued at approximately $31,959,000. Norges Bank owned 0.79% of Whirlpool as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Flagship Harbor Advisors LLC acquired a new stake in Whirlpool during the 4th quarter valued at $25,000. EverSource Wealth Advisors LLC grew its stake in Whirlpool by 129.2% in the second quarter. EverSource Wealth Advisors LLC now owns 369 shares of the company’s stock valued at $37,000 after purchasing an additional 208 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Whirlpool by 172.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 389 shares of the company’s stock valued at $28,000 after acquiring an additional 246 shares in the last quarter. SBI Securities Co. Ltd. lifted its stake in shares of Whirlpool by 113.4% in the 4th quarter. SBI Securities Co. Ltd. now owns 527 shares of the company’s stock valued at $38,000 after purchasing an additional 280 shares during the last quarter. Finally, Hara Capital LLC acquired a new position in shares of Whirlpool during the 4th quarter valued at about $40,000. 90.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

WHR has been the subject of a number of analyst reports. Bank of America reduced their price objective on shares of Whirlpool from $60.00 to $50.00 and set an “underperform” rating for the company in a research note on Monday, April 20th. JPMorgan Chase & Co. cut their price target on Whirlpool from $59.00 to $52.00 and set a “neutral” rating for the company in a report on Monday, May 11th. Stifel Nicolaus set a $55.00 price target on shares of Whirlpool in a research report on Monday, May 4th. Mizuho initiated coverage on Whirlpool in a research note on Monday, April 20th. They issued a “neutral” rating and a $55.00 price target on the stock. Finally, Weiss Ratings cut shares of Whirlpool from a “hold (c-)” rating to a “sell (d)” rating in a research report on Friday, May 8th. Two investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Whirlpool currently has an average rating of “Reduce” and an average price target of $68.89.

Whirlpool Stock Up 4.7%

NYSE WHR opened at $41.41 on Wednesday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.48 and a current ratio of 0.88. Whirlpool Corporation has a 52 week low of $38.38 and a 52 week high of $111.96. The stock has a market capitalization of $2.68 billion, a P/E ratio of 14.09, a price-to-earnings-growth ratio of 15.62 and a beta of 1.15. The stock has a fifty day moving average of $48.96 and a 200-day moving average of $65.75.

Whirlpool (NYSE:WHR) last released its earnings results on Wednesday, May 6th. The company reported ($0.56) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.99). Whirlpool had a net margin of 1.08% and a return on equity of 7.68%. The business had revenue of $3.27 billion for the quarter, compared to analyst estimates of $3.44 billion. During the same quarter in the previous year, the company posted $1.70 earnings per share. The business’s revenue for the quarter was down 9.6% on a year-over-year basis. Whirlpool has set its FY 2026 guidance at 3.000-3.500 EPS. On average, equities research analysts forecast that Whirlpool Corporation will post 2.53 EPS for the current year.

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.