Bank of America Corporation lowered shares of Whirlpool Corporation (NYSE:WHR) from a buy rating to a neutral rating in a research note released on Tuesday, October 24th, MarketBeat Ratings reports. They currently have $183.00 price objective on the stock.
Several other equities research analysts have also recently weighed in on the company. MKM Partners set a $177.00 target price on Whirlpool Corporation and gave the stock a hold rating in a research note on Friday, October 6th. Zacks Investment Research cut Whirlpool Corporation from a hold rating to a sell rating in a research note on Wednesday, October 18th. Royal Bank of Canada restated a buy rating and set a $209.00 target price on shares of Whirlpool Corporation in a research note on Tuesday, October 10th. ValuEngine cut Whirlpool Corporation from a buy rating to a hold rating in a research note on Friday, September 1st. Finally, BidaskClub cut Whirlpool Corporation from a strong-buy rating to a buy rating in a research note on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. The company has an average rating of Hold and a consensus price target of $184.67.
Shares of Whirlpool Corporation (WHR) traded down $0.69 during mid-day trading on Tuesday, hitting $162.05. The company had a trading volume of 704,500 shares, compared to its average volume of 849,805. The company has a current ratio of 0.90, a quick ratio of 0.55 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $11,694.95, a PE ratio of 11.62, a P/E/G ratio of 1.58 and a beta of 1.87. Whirlpool Corporation has a fifty-two week low of $159.71 and a fifty-two week high of $202.99.
Whirlpool Corporation (NYSE:WHR) last issued its quarterly earnings results on Monday, October 23rd. The company reported $3.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.90 by ($0.07). Whirlpool Corporation had a net margin of 3.76% and a return on equity of 18.45%. The company had revenue of $5.42 billion during the quarter, compared to the consensus estimate of $5.50 billion. During the same quarter last year, the firm posted $3.66 earnings per share. The company’s quarterly revenue was up 3.2% on a year-over-year basis. equities research analysts predict that Whirlpool Corporation will post 13.7 earnings per share for the current fiscal year.
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The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 17th will be issued a dividend of $1.10 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $4.40 annualized dividend and a dividend yield of 2.72%. Whirlpool Corporation’s dividend payout ratio (DPR) is presently 41.47%.
Whirlpool Corporation declared that its Board of Directors has initiated a stock repurchase program on Wednesday, July 26th that authorizes the company to buyback $2.35 billion in shares. This buyback authorization authorizes the company to purchase up to 16.7% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.
Several large investors have recently made changes to their positions in WHR. Dupont Capital Management Corp acquired a new position in shares of Whirlpool Corporation during the second quarter worth $100,000. Sun Life Financial INC increased its holdings in shares of Whirlpool Corporation by 7,628.6% during the second quarter. Sun Life Financial INC now owns 541 shares of the company’s stock worth $104,000 after buying an additional 534 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Whirlpool Corporation by 26.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 644 shares of the company’s stock worth $123,000 after buying an additional 135 shares in the last quarter. Westwood Holdings Group Inc. acquired a new position in shares of Whirlpool Corporation during the second quarter worth $153,000. Finally, Global X Management Co. LLC increased its holdings in shares of Whirlpool Corporation by 33.1% during the first quarter. Global X Management Co. LLC now owns 989 shares of the company’s stock worth $169,000 after buying an additional 246 shares in the last quarter. Institutional investors own 93.18% of the company’s stock.
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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