SummitTX Capital L.P. Invests $4.41 Million in Whirlpool Corporation $WHR

SummitTX Capital L.P. bought a new position in Whirlpool Corporation (NYSE:WHR) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 81,716 shares of the company’s stock, valued at approximately $4,406,000. SummitTX Capital L.P. owned approximately 0.13% of Whirlpool at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Thrivent Financial for Lutherans boosted its position in shares of Whirlpool by 0.8% during the 2nd quarter. Thrivent Financial for Lutherans now owns 13,194 shares of the company’s stock valued at $1,338,000 after acquiring an additional 109 shares during the last quarter. Old North State Wealth Management LLC lifted its position in Whirlpool by 5.2% during the fourth quarter. Old North State Wealth Management LLC now owns 2,889 shares of the company’s stock valued at $209,000 after purchasing an additional 143 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its stake in shares of Whirlpool by 0.3% in 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 holdings in shares of Whirlpool by 3.0% in 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 during the last quarter. Finally, Abel Hall LLC increased its holdings in shares of Whirlpool by 1.4% in the 3rd quarter. Abel Hall LLC now owns 12,044 shares of the company’s stock worth $947,000 after buying an additional 162 shares during the last quarter. Institutional investors own 90.78% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. BNP Paribas Exane initiated coverage on shares of Whirlpool in a report on Monday, July 13th. They issued a “neutral” rating and a $43.00 price target for the company. Wall Street Zen raised Whirlpool from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 27th. Mizuho cut their target price on Whirlpool from $45.00 to $40.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 21st. Citigroup decreased their price target on Whirlpool from $50.00 to $42.00 and set a “neutral” rating on the stock in a report on Tuesday, July 14th. Finally, JPMorgan Chase & Co. lowered their price target on Whirlpool from $59.00 to $52.00 and set a “neutral” rating for the company in a research report on Monday, May 11th. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, Whirlpool presently has a consensus rating of “Reduce” and a consensus target price of $51.22.

Whirlpool Price Performance

WHR opened at $37.62 on Tuesday. The business has a fifty day moving average of $39.64 and a 200 day moving average of $56.89. Whirlpool Corporation has a 52-week low of $35.45 and a 52-week high of $100.49. 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 stock has a market cap of $2.44 billion, a P/E ratio of 12.80, a PEG ratio of 32.27 and a beta of 1.16.

Whirlpool (NYSE:WHR) last released its earnings results on Wednesday, May 6th. The company reported ($0.56) earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.99). Whirlpool had a return on equity of 7.68% and a net margin of 1.08%.The business had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $3.44 billion. During the same quarter in the previous year, the business earned $1.70 EPS. 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. As a group, sell-side analysts anticipate that Whirlpool Corporation will post 1.15 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.