Whirlpool (NYSE:WHR – Get Free Report) was upgraded by analysts at Wells Fargo & Company to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.
Several other equities research analysts also recently issued reports on the company. Mizuho cut their price target on Whirlpool from $45.00 to $40.00 and set a “neutral” rating for the company in a report on Tuesday, July 21st. Raymond James Financial reiterated a “market perform” rating on shares of Whirlpool in a report on Wednesday, August 19th. Stifel Nicolaus cut their target price on shares of Whirlpool from $45.00 to $37.00 and set a “hold” rating for the company in a research note on Thursday, July 23rd. Wall Street Zen raised shares of Whirlpool from a “strong sell” rating to a “sell” rating in a report on Saturday, August 8th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Whirlpool in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, Whirlpool has a consensus rating of “Reduce” and a consensus price target of $46.33.
Read Our Latest Stock Report on Whirlpool
Whirlpool Trading Down 0.5%
Whirlpool (NYSE:WHR – Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The company reported ($0.21) earnings per share 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 analyst estimates of $3.55 billion. Whirlpool had a return on equity of 4.18% and a net margin of 1.17%.Whirlpool’s quarterly revenue was down 6.8% compared to the same quarter last year. During the same period last year, the firm earned $1.34 EPS. Whirlpool has set its FY 2026 guidance at 2.500-3.000 EPS. Sell-side analysts forecast that Whirlpool will post 2.25 earnings per share for the current year.
Institutional Investors Weigh In On Whirlpool
A number of hedge funds and other institutional investors have recently modified their holdings of WHR. Primecap Management Co. CA acquired a new position in shares of Whirlpool in the second quarter valued at about $141,801,000. California State Teachers Retirement System raised its stake in Whirlpool by 3,928.1% in the 2nd quarter. California State Teachers Retirement System now owns 2,626,121 shares of the company’s stock worth $103,522,000 after purchasing an additional 2,560,926 shares in the last quarter. Charles Schwab Investment Management Inc. raised 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 purchasing an additional 80,122 shares in the last quarter. RWWM Inc. boosted its holdings in Whirlpool by 191.6% in the 1st quarter. RWWM Inc. now owns 2,422,618 shares of the company’s stock valued at $130,628,000 after purchasing an additional 1,591,849 shares during the period. Finally, Newport Trust Company LLC boosted its holdings in Whirlpool by 10.2% in the 4th quarter. Newport Trust Company LLC now owns 2,391,252 shares of the company’s stock valued at $172,505,000 after purchasing an additional 221,564 shares during the period. Institutional investors and hedge funds own 90.78% of the company’s stock.
About Whirlpool
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.
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