A number of other research firms have also weighed in on WHR. Goldman Sachs Group assumed coverage on shares of Whirlpool in a research note on Tuesday, October 2nd. They set a sell rating and a $107.00 target price on the stock. Zacks Investment Research raised Whirlpool from a sell rating to a hold rating in a report on Sunday, July 15th. JPMorgan Chase & Co. downgraded Whirlpool from an overweight rating to a neutral rating in a report on Tuesday. Royal Bank of Canada downgraded Whirlpool from an outperform rating to a sector perform rating in a report on Wednesday, July 25th. Finally, Longbow Research downgraded Whirlpool from a buy rating to a neutral rating and set a $185.00 price target for the company. in a report on Tuesday, July 24th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $171.88.
WHR stock opened at $103.85 on Wednesday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.59 and a current ratio of 0.92. Whirlpool has a fifty-two week low of $102.85 and a fifty-two week high of $187.47. The company has a market cap of $7.67 billion, a P/E ratio of 7.56, a PEG ratio of 0.90 and a beta of 1.54.
Whirlpool (NYSE:WHR) last released its earnings results on Monday, July 23rd. The company reported $3.20 earnings per share for the quarter, missing the Zacks’ consensus estimate of $3.63 by ($0.43). Whirlpool had a positive return on equity of 20.73% and a negative net margin of 2.62%. The firm had revenue of $5.14 billion for the quarter, compared to analysts’ expectations of $5.29 billion. During the same quarter in the previous year, the company posted $3.35 earnings per share. The firm’s quarterly revenue was down 3.9% on a year-over-year basis. Analysts anticipate that Whirlpool will post 14.2 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Saturday, September 15th. Investors of record on Friday, August 31st were issued a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a yield of 4.43%. The ex-dividend date of this dividend was Thursday, August 30th. Whirlpool’s dividend payout ratio (DPR) is 33.48%.
In other Whirlpool news, Director Diane M. Dietz purchased 1,600 shares of the stock in a transaction that occurred on Thursday, July 26th. The stock was purchased at an average cost of $124.26 per share, with a total value of $198,816.00. Following the completion of the acquisition, the director now directly owns 8,339 shares of the company’s stock, valued at approximately $1,036,204.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.83% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. Trust Co. of Oklahoma boosted its holdings in shares of Whirlpool by 69.4% in the third quarter. Trust Co. of Oklahoma now owns 4,295 shares of the company’s stock valued at $510,000 after acquiring an additional 1,760 shares during the period. Bank of Montreal Can boosted its holdings in shares of Whirlpool by 8.0% in the third quarter. Bank of Montreal Can now owns 69,179 shares of the company’s stock valued at $8,215,000 after acquiring an additional 5,118 shares during the period. LFA Lugano Financial Advisors SA boosted its holdings in shares of Whirlpool by 167.6% in the third quarter. LFA Lugano Financial Advisors SA now owns 1,600 shares of the company’s stock valued at $190,000 after acquiring an additional 1,002 shares during the period. Manning & Napier Group LLC boosted its holdings in shares of Whirlpool by 15.2% in the third quarter. Manning & Napier Group LLC now owns 15,306 shares of the company’s stock valued at $1,817,000 after acquiring an additional 2,023 shares during the period. Finally, Banced Corp acquired a new stake in shares of Whirlpool in the third quarter valued at approximately $344,000. 93.15% of the stock is owned by institutional investors and hedge funds.
Whirlpool Company Profile
Whirlpool Corporation manufactures and markets home appliances and related products. It operates through four segments: North America; Europe, Middle East and Africa; Latin America; and Asia. The company's principal products include laundry appliances, refrigerators and freezers, cooking appliances, dishwashers, mixers, and other small domestic appliances.
Featured Story: Diversification in Your Portfolio
Receive News & Ratings for Whirlpool Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Whirlpool and related companies with MarketBeat.com's FREE daily email newsletter.