Louisiana State Employees Retirement System Takes $992,000 Position in Whirlpool Corporation $WHR

Louisiana State Employees Retirement System purchased a new stake in Whirlpool Corporation (NYSE:WHR) in the first quarter, HoldingsChannel reports. The fund purchased 18,400 shares of the company’s stock, valued at approximately $992,000.

Other large investors also recently added to or reduced their stakes in the company. NewEdge Advisors LLC boosted its stake in shares of Whirlpool by 56.7% during the 1st quarter. NewEdge Advisors LLC now owns 3,120 shares of the company’s stock worth $281,000 after purchasing an additional 1,129 shares during the period. Empowered Funds LLC raised its holdings in shares of Whirlpool by 206.5% in the first quarter. Empowered Funds LLC now owns 8,528 shares of the company’s stock worth $769,000 after buying an additional 5,746 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of Whirlpool by 15.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 214,918 shares of the company’s stock worth $19,371,000 after acquiring an additional 27,995 shares during the last quarter. Invesco Ltd. boosted its holdings in Whirlpool by 3.2% during the 2nd quarter. Invesco Ltd. now owns 229,566 shares of the company’s stock valued at $23,283,000 after acquiring an additional 7,151 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in Whirlpool by 129.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 369 shares of the company’s stock valued at $37,000 after acquiring an additional 208 shares during the period. 90.78% of the stock is owned by institutional investors.

Analysts Set New Price Targets

WHR has been the topic of a number of recent analyst reports. Bank of America reduced their target price on Whirlpool from $43.00 to $36.00 and set an “underperform” rating on the stock in a research note on Monday, June 22nd. BNP Paribas Exane upgraded shares of Whirlpool to a “neutral” rating in a report on Monday, March 16th. Stifel Nicolaus set a $55.00 target price on shares of Whirlpool in a research note on Monday, May 4th. Wall Street Zen raised shares of Whirlpool from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 27th. Finally, Royal Bank Of Canada reduced their price objective on Whirlpool from $32.00 to $30.00 and set an “underperform” rating on the stock in a report on Tuesday, June 16th. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, Whirlpool has an average rating of “Reduce” and a consensus price target of $57.38.

Whirlpool Stock Performance

Shares of NYSE:WHR opened at $38.09 on Friday. The firm has a 50 day moving average of $43.06 and a 200 day moving average of $61.05. The company has a quick ratio of 0.48, a current ratio of 0.88 and a debt-to-equity ratio of 1.48. The company has a market capitalization of $2.47 billion, a price-to-earnings ratio of 12.95, a price-to-earnings-growth ratio of 22.02 and a beta of 1.16. Whirlpool Corporation has a 52 week low of $36.06 and a 52 week high of $111.96.

Whirlpool (NYSE:WHR) last announced its earnings results on Wednesday, May 6th. The company reported ($0.56) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.99). The company had revenue of $3.27 billion for the quarter, compared to the consensus estimate of $3.44 billion. Whirlpool had a net margin of 1.08% and a return on equity of 7.68%. The firm’s revenue was down 9.6% compared to the same quarter last year. During the same period last year, the business posted $1.70 EPS. Whirlpool has set its FY 2026 guidance at 3.000-3.500 EPS. On average, sell-side analysts predict that Whirlpool Corporation will post 1.73 earnings per share for the current fiscal 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.