Pinnacle Holdings LLC Invests $750,000 in Whirlpool Corporation $WHR

Pinnacle Holdings LLC bought a new stake in shares of Whirlpool Corporation (NYSE:WHR) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 19,027 shares of the company’s stock, valued at approximately $750,000.

Other hedge funds have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its stake in Whirlpool by 3.4% in the 4th 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. RWWM Inc. grew its stake in Whirlpool by 191.6% in 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 in the last quarter. Newport Trust Company LLC grew its stake in Whirlpool by 10.2% in 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 in the last quarter. Geode Capital Management LLC increased its position in shares of Whirlpool by 2.3% during the fourth quarter. Geode Capital Management LLC now owns 1,279,044 shares of the company’s stock worth $92,472,000 after acquiring an additional 29,162 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in shares of Whirlpool by 37.0% during the fourth quarter. Russell Investments Group Ltd. now owns 550,175 shares of the company’s stock valued at $39,690,000 after acquiring an additional 148,535 shares in the last quarter. 90.78% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on WHR. Weiss Ratings reiterated a “sell (d)” rating on shares of Whirlpool in a report on Wednesday, August 5th. JPMorgan Chase & Co. reduced their price objective on Whirlpool from $59.00 to $52.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. Wall Street Zen upgraded Whirlpool from a “strong sell” rating to a “sell” rating in a report on Saturday, August 8th. Royal Bank Of Canada increased their price target on Whirlpool from $30.00 to $32.00 and gave the stock an “underperform” rating in a research report on Wednesday, August 5th. Finally, Bank of America cut their price target on Whirlpool from $43.00 to $36.00 and set an “underperform” rating on the stock in a research note on Monday, June 22nd. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $46.88.

Whirlpool Trading Up 0.1%

NYSE:WHR opened at $40.39 on Monday. The firm has a 50-day simple moving average of $39.33 and a 200-day simple moving average of $51.18. Whirlpool Corporation has a one year low of $35.45 and a one year high of $96.57. The firm has a market cap of $2.63 billion, a P/E ratio of 13.83, a P/E/G ratio of 17.93 and a beta of 1.16. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.71 and a current ratio of 1.15.

Whirlpool (NYSE:WHR) last released its quarterly earnings data on Monday, August 3rd. The company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.15). The business had revenue of $3.52 billion for the quarter, compared to the consensus estimate of $3.55 billion. Whirlpool had a net margin of 1.17% and a return on equity of 4.18%. Whirlpool’s revenue for the quarter was down 6.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.34 earnings per share. Whirlpool has set its FY 2026 guidance at 2.500-3.000 EPS. Equities analysts anticipate that Whirlpool Corporation will post 2.25 EPS 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.