Whirlpool (NYSE:WHR) Stock Price Down 1.8% – Here’s Why

Whirlpool Co. (NYSE:WHR) shares fell 1.8% during mid-day trading on Monday . The company traded as low as $80.25 and last traded at $81.15. 161,452 shares changed hands during trading, a decline of 85% from the average session volume of 1,044,014 shares. The stock had previously closed at $82.67.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on WHR. JPMorgan Chase & Co. dropped their price target on shares of Whirlpool from $109.00 to $89.00 and set a “neutral” rating for the company in a research note on Monday, April 28th. StockNews.com lowered shares of Whirlpool from a “hold” rating to a “sell” rating in a research note on Friday, April 25th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $101.00.

Whirlpool Trading Down 0.6%

The company has a fifty day simple moving average of $83.90 and a 200-day simple moving average of $102.21. The company has a current ratio of 0.72, a quick ratio of 0.44 and a debt-to-equity ratio of 1.62. The stock has a market cap of $4.57 billion, a price-to-earnings ratio of -14.03 and a beta of 1.20.

Whirlpool (NYSE:WHR) last posted its quarterly earnings data on Wednesday, April 23rd. The company reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.03. Whirlpool had a positive return on equity of 21.89% and a negative net margin of 1.95%. The firm had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.67 billion. During the same quarter in the previous year, the company earned $1.78 EPS. The business’s revenue for the quarter was down 19.4% compared to the same quarter last year. On average, research analysts forecast that Whirlpool Co. will post 9.52 earnings per share for the current fiscal year.

Whirlpool Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, June 15th. Investors of record on Friday, May 16th will be paid a $1.75 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $7.00 annualized dividend and a dividend yield of 8.51%. Whirlpool’s payout ratio is 5,000.00%.

Institutional Investors Weigh In On Whirlpool

Large investors have recently made changes to their positions in the company. Brown Lisle Cummings Inc. bought a new stake in Whirlpool during the fourth quarter worth approximately $27,000. SBI Securities Co. Ltd. acquired a new position in shares of Whirlpool in the fourth quarter valued at $30,000. Nemes Rush Group LLC raised its stake in shares of Whirlpool by 79.1% in the fourth quarter. Nemes Rush Group LLC now owns 274 shares of the company’s stock valued at $31,000 after purchasing an additional 121 shares in the last quarter. Bogart Wealth LLC raised its stake in Whirlpool by 113.6% during the fourth quarter. Bogart Wealth LLC now owns 282 shares of the company’s stock worth $32,000 after acquiring an additional 150 shares in the last quarter. Finally, HHM Wealth Advisors LLC grew its holdings in shares of Whirlpool by 216.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 316 shares of the company’s stock worth $36,000 after purchasing an additional 216 shares during the last quarter. Institutional investors own 90.78% of the company’s stock.

Whirlpool Company Profile

Whirlpool Corporation manufactures and markets home appliances and related products and services in the North America, Europe, the Middle East, Africa, Latin America, and Asia. The company's principal products include refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances, and commercial laundry products and related laundry accessories; cooking and other small domestic appliances; and dishwasher appliances and related accessories, as well as mixers.