Whirlpool Corp. (WHR) Lowered to “Neutral” at MKM Partners
Whirlpool Corp. (NYSE:WHR) was downgraded by equities research analysts at MKM Partners from a “buy” rating to a “neutral” rating in a note issued to investors on Monday. They currently have a $176.00 target price on the stock, down from their prior target price of $215.00. MKM Partners’ target price suggests a potential upside of 9.49% from the company’s current price.
WHR has been the subject of several other research reports. Gabelli cut shares of Whirlpool Corp. from a “buy” rating to a “hold” rating in a research note on Monday, September 12th. Zacks Investment Research cut shares of Whirlpool Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, September 29th. Raymond James Financial Inc. upgraded shares of Whirlpool Corp. from a “market perform” rating to a “strong-buy” rating and set a $185.00 target price for the company in a research note on Monday, July 25th. Finally, Bank of America Corp. restated a “buy” rating on shares of Whirlpool Corp. in a research note on Wednesday, June 29th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $193.63.
Whirlpool Corp. (NYSE:WHR) traded up 0.54% during trading on Monday, reaching $161.62. 187,737 shares of the company were exchanged. Whirlpool Corp. has a 12 month low of $123.60 and a 12 month high of $194.10. The stock has a 50 day moving average price of $167.14 and a 200 day moving average price of $175.80. The firm has a market capitalization of $12.19 billion, a PE ratio of 14.32 and a beta of 1.61.
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Whirlpool Corp. (NYSE:WHR) last released its earnings results on Friday, July 22nd. The company reported $3.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.37 by $0.13. Whirlpool Corp. had a net margin of 4.29% and a return on equity of 18.68%. The company earned $5.21 billion during the quarter, compared to analysts’ expectations of $5.13 billion. During the same quarter last year, the business earned $2.70 EPS. The business’s revenue was down .2% on a year-over-year basis. On average, analysts expect that Whirlpool Corp. will post $14.69 EPS for the current fiscal year.
In other Whirlpool Corp. news, Chairman Jeff M. Fettig sold 91,000 shares of the firm’s stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $189.42, for a total transaction of $17,237,220.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Joao Carlos Brega sold 14,166 shares of the firm’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $193.43, for a total transaction of $2,740,129.38. Following the transaction, the insider now owns 29,043 shares of the company’s stock, valued at $5,617,787.49. The disclosure for this sale can be found here. Company insiders own 2.62% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the stock. Kanaly Trust Co increased its position in Whirlpool Corp. by 0.3% in the second quarter. Kanaly Trust Co now owns 1,147 shares of the company’s stock valued at $191,000 after buying an additional 4 shares during the period. Advisor Partners LLC increased its stake in shares of Whirlpool Corp. by 0.5% in the second quarter. Advisor Partners LLC now owns 1,515 shares of the company’s stock worth $252,000 after buying an additional 8 shares during the period. Bollard Group LLC increased its stake in shares of Whirlpool Corp. by 0.6% in the second quarter. Bollard Group LLC now owns 2,121 shares of the company’s stock worth $353,000 after buying an additional 12 shares during the period. Norinchukin Bank The increased its stake in shares of Whirlpool Corp. by 0.6% in the second quarter. Norinchukin Bank The now owns 3,985 shares of the company’s stock worth $664,000 after buying an additional 22 shares during the period. Finally, Somerset Trust Co increased its stake in shares of Whirlpool Corp. by 0.3% in the second quarter. Somerset Trust Co now owns 12,743 shares of the company’s stock worth $2,123,000 after buying an additional 33 shares during the period. Hedge funds and other institutional investors own 89.55% of the company’s stock.
About Whirlpool Corp.
Whirlpool Corporation is a manufacturer and marketer of home appliances. The Company manufactures products in approximately 15 countries and markets products around the world under brand names, such as Whirlpool, KitchenAid, Maytag, Consul, Brastemp, Amana, Bauknecht, Jenn-Air and Indesit. The Company’s segments include North America, Latin America, EMEA (Europe, Middle East and Africa) and Asia.
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