Whirlpool Corporation (NYSE:WHR) has received an average rating of “Hold” from the nine analysts that are currently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $192.17.
A number of analysts have recently commented on WHR shares. ValuEngine raised Whirlpool Corporation from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Credit Suisse Group started coverage on Whirlpool Corporation in a research report on Thursday, June 22nd. They issued a “neutral” rating and a $208.00 price target on the stock. Royal Bank Of Canada reissued a “buy” rating and issued a $209.00 price target on shares of Whirlpool Corporation in a research report on Tuesday, October 10th. MKM Partners set a $177.00 price target on Whirlpool Corporation and gave the stock a “hold” rating in a research report on Friday, October 6th. Finally, BidaskClub cut Whirlpool Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd.
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In related news, Director William D. Perez bought 1,000 shares of the firm’s stock in a transaction on Monday, July 31st. The stock was acquired at an average cost of $176.93 per share, for a total transaction of $176,930.00. Following the purchase, the director now owns 7,239 shares in the company, valued at $1,280,796.27. The acquisition was disclosed in a filing with the SEC, which is available through this link. 2.69% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Dupont Capital Management Corp purchased a new stake in Whirlpool Corporation during the 2nd quarter valued at $100,000. Sun Life Financial INC raised its stake in Whirlpool Corporation by 7,628.6% during the 2nd quarter. Sun Life Financial INC now owns 541 shares of the company’s stock valued at $104,000 after buying an additional 534 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in Whirlpool Corporation by 26.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 644 shares of the company’s stock valued at $123,000 after buying an additional 135 shares during the last quarter. Westwood Holdings Group Inc. purchased a new stake in Whirlpool Corporation during the 2nd quarter valued at $153,000. Finally, Global X Management Co. LLC raised its stake in Whirlpool Corporation by 33.1% during the 1st quarter. Global X Management Co. LLC now owns 989 shares of the company’s stock valued at $169,000 after buying an additional 246 shares during the last quarter. Institutional investors and hedge funds own 91.44% of the company’s stock.
Shares of Whirlpool Corporation (WHR) traded down 0.31% on Thursday, reaching $176.22. The company’s stock had a trading volume of 570,157 shares. Whirlpool Corporation has a 12-month low of $145.91 and a 12-month high of $202.99. The company’s 50 day moving average price is $176.02 and its 200 day moving average price is $180.73. The company has a market cap of $12.86 billion, a P/E ratio of 17.64 and a beta of 1.76.
Whirlpool Corporation (NYSE:WHR) last issued its quarterly earnings results on Wednesday, July 26th. The company reported $3.35 EPS for the quarter, missing analysts’ consensus estimates of $3.54 by ($0.19). Whirlpool Corporation had a return on equity of 18.17% and a net margin of 3.61%. The company had revenue of $5.35 billion during the quarter, compared to the consensus estimate of $5.35 billion. During the same period in the prior year, the firm earned $3.50 earnings per share. The business’s revenue for the quarter was up 2.9% compared to the same quarter last year. Analysts forecast that Whirlpool Corporation will post $14.64 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 17th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 2.49%. Whirlpool Corporation’s payout ratio is currently 44.04%.
Whirlpool Corporation declared that its Board of Directors has authorized a share repurchase program on Wednesday, July 26th that permits the company to repurchase $2.35 billion in shares. This repurchase authorization permits the company to repurchase up to 16.7% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.
Whirlpool Corporation Company Profile
Whirlpool Corporation is a manufacturer and marketer of home appliances. The Company’s segments include North America; Europe, Middle East and Africa (EMEA); Latin America, and Asia. In North America, the Company markets and distributes home appliances and small domestic appliances under a range of brand names.
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