Whirlpool Co. (NYSE:WHR) Receives $106.50 Consensus PT from Analysts

Whirlpool Co. (NYSE:WHR) has received a consensus rating of “Reduce” from the four ratings firms that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $106.50.

A number of research firms recently issued reports on WHR. Royal Bank of Canada reduced their price objective on Whirlpool from $76.00 to $74.00 and set an “underperform” rating for the company in a research report on Friday, October 25th. Bank of America boosted their price target on shares of Whirlpool from $101.00 to $103.00 and gave the company an “underperform” rating in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Whirlpool from $103.00 to $109.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th.

Whirlpool Stock Performance

Shares of WHR opened at $115.17 on Wednesday. The stock has a market capitalization of $6.35 billion, a PE ratio of 11.36 and a beta of 1.46. The business’s fifty day moving average price is $111.94 and its 200 day moving average price is $104.14. The company has a debt-to-equity ratio of 1.94, a current ratio of 0.94 and a quick ratio of 0.55. Whirlpool has a 12-month low of $84.18 and a 12-month high of $126.30.

Whirlpool (NYSE:WHR) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $3.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.99 by $0.44. Whirlpool had a net margin of 3.19% and a return on equity of 21.41%. The company had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same period last year, the firm posted $5.45 EPS. The company’s revenue for the quarter was down 18.9% on a year-over-year basis. Equities research analysts forecast that Whirlpool will post 12.27 EPS for the current year.

Whirlpool Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, December 15th. Stockholders of record on Friday, November 15th were paid a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a dividend yield of 6.08%. The ex-dividend date of this dividend was Friday, November 15th. Whirlpool’s dividend payout ratio is currently 69.03%.

Insider Activity

In related news, CFO James W. Peters sold 6,000 shares of Whirlpool stock in a transaction on Monday, October 28th. The stock was sold at an average price of $104.48, for a total value of $626,880.00. Following the transaction, the chief financial officer now directly owns 41,570 shares in the company, valued at $4,343,233.60. The trade was a 12.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.05% of the stock is owned by insiders.

Institutional Trading of Whirlpool

Institutional investors and hedge funds have recently bought and sold shares of the stock. SouthState Corp purchased a new position in shares of Whirlpool in the second quarter worth approximately $28,000. Ashton Thomas Private Wealth LLC purchased a new position in Whirlpool during the 2nd quarter worth approximately $32,000. Altshuler Shaham Ltd acquired a new stake in Whirlpool during the 2nd quarter valued at $32,000. True Wealth Design LLC boosted its position in shares of Whirlpool by 545.5% in the third quarter. True Wealth Design LLC now owns 355 shares of the company’s stock worth $38,000 after buying an additional 300 shares during the period. Finally, EverSource Wealth Advisors LLC grew its holdings in shares of Whirlpool by 1,010.5% during the second quarter. EverSource Wealth Advisors LLC now owns 422 shares of the company’s stock valued at $43,000 after buying an additional 384 shares in the last quarter. Institutional investors and hedge funds own 90.78% of the company’s stock.

About Whirlpool

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.