Whirlpool slides as investors digest $800M equity-linked capital raise

Whirlpool Corporation (WHR) is down 13.9% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is dilution concerns after Whirlpool announced a sizable equity and equity-linked financing plan. While the company framed the transaction as a balance-sheet and investment initiative, the immediate impact for existing shareholders is typically negative because new shares (and future conversion into shares) increase supply.

Details:

Whirlpool announced concurrent underwritten public offerings of common stock and depositary shares tied to newly issued Series A mandatory convertible preferred stock, targeting about $800 million of aggregate proceeds.

The company said it expects to use net proceeds primarily to repay amounts outstanding under its revolving credit facility and for general corporate purposes, including investments in vertical integration and automation.

In the preliminary prospectus materials for the depositary shares, Whirlpool described the security as a mandatory convertible structure, meaning it is designed to convert into common shares around 2029, which can add to future share dilution.

Broader market coverage of the session highlighted Whirlpool’s drop as being linked to the newly announced offerings.

Sources:

Whirlpool Investor Relations / PRNewswire, U.S. Securities and Exchange Commission (SEC), Barron’s

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$WHR Hedge Fund Activity

We have seen 213 institutional investors add shares of $WHR stock to their portfolio, and 345 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

APPALOOSA LP removed 1,590,000 shares (-28.9%) from their portfolio in Q4 2025, for an estimated $114,702,600
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 525,362 shares (-75.1%) from their portfolio in Q4 2025, for an estimated $37,899,614
FMR LLC added 494,600 shares (+15.5%) to their portfolio in Q4 2025, for an estimated $35,680,444
PRIMECAP MANAGEMENT CO/CA/ removed 493,810 shares (-11.5%) from their portfolio in Q4 2025, for an estimated $35,623,453
COOPER CREEK PARTNERS MANAGEMENT LLC added 443,215 shares (+inf%) to their portfolio in Q4 2025, for an estimated $31,973,530
SLATE PATH CAPITAL LP removed 396,300 shares (-47.7%) from their portfolio in Q4 2025, for an estimated $28,589,082
MILLENNIUM MANAGEMENT LLC added 375,235 shares (+295.5%) to their portfolio in Q4 2025, for an estimated $27,069,452

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

$WHR Government Contracts

We have seen $10,089 of award payments to $WHR over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

BSB| FAC| ICASS| BSB + BHZ RESIDENTIAL WATER DISPENSERS: $10,089

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard.

$WHR Analyst Ratings

Wall Street analysts have issued reports on $WHR in the last several months. We have seen 0 firms issue buy ratings on the stock, and 1 firms issue sell ratings.

Here are some recent analyst ratings:

RBC Capital issued a "Underperform" rating on 10/29/2025

To track analyst ratings and price targets for $WHR, check out Quiver Quantitative's $WHR forecast page.

$WHR Price Targets

Multiple analysts have issued price targets for $WHR recently. We have seen 4 analysts offer price targets for $WHR in the last 6 months, with a median target of $75.5.

Here are some recent targets:

Michael Rehaut from JP Morgan set a target price of $76.0 on 02/02/2026
W. Andrew Carter from Stifel set a target price of $75.0 on 01/30/2026
Mike Dahl from RBC Capital set a target price of $51.0 on 10/29/2025
Samuel Eisner from Goldman Sachs set a target price of $93.0 on 10/13/2025

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.