Whirlpool Corporation (NYSE:WHR) has been assigned a $177.00 target price by equities researchers at MKM Partners in a research note issued to investors on Friday. The brokerage currently has a “hold” rating on the stock. MKM Partners’ price target would suggest a potential downside of 3.51% from the company’s previous close.

A number of other brokerages have also issued reports on WHR. ValuEngine raised shares of Whirlpool Corporation from a “hold” rating to a “buy” rating in a report on Monday. BidaskClub lowered shares of Whirlpool Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Zacks Investment Research raised shares of Whirlpool Corporation from a “sell” rating to a “hold” rating in a report on Thursday. Credit Suisse Group AG started coverage on shares of Whirlpool Corporation in a report on Thursday, June 22nd. They set a “neutral” rating and a $208.00 price objective for the company. Finally, Royal Bank Of Canada reaffirmed a “top pick” rating and set a $216.00 price objective (down from $226.00) on shares of Whirlpool Corporation in a report on Tuesday, June 20th. Five analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $193.33.

Shares of Whirlpool Corporation (NYSE:WHR) traded down 0.848% during midday trading on Friday, reaching $181.885. 242,407 shares of the company’s stock traded hands. The stock’s 50-day moving average price is $174.18 and its 200 day moving average price is $180.25. Whirlpool Corporation has a one year low of $145.91 and a one year high of $202.99. The firm has a market capitalization of $13.27 billion, a PE ratio of 18.205 and a beta of 1.76.

Whirlpool Corporation (NYSE:WHR) last announced its quarterly earnings data on Wednesday, July 26th. The company reported $3.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.54 by ($0.19). Whirlpool Corporation had a net margin of 3.61% and a return on equity of 18.17%. The company had revenue of $5.35 billion for the quarter, compared to analysts’ expectations of $5.35 billion. During the same period last year, the business earned $3.50 earnings per share. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. On average, equities research analysts expect that Whirlpool Corporation will post $14.64 earnings per share for the current fiscal year.

Whirlpool Corporation announced that its Board of Directors has initiated a share repurchase program on Wednesday, July 26th that authorizes the company to repurchase $2.35 billion in shares. This repurchase authorization authorizes the company to repurchase up to 16.7% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

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In related news, Director William D. Perez purchased 1,000 shares of the stock in a transaction that occurred on Monday, July 31st. The stock was bought at an average cost of $176.93 per share, for a total transaction of $176,930.00. Following the completion of the transaction, the director now directly owns 7,239 shares in the company, valued at $1,280,796.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.69% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Dupont Capital Management Corp bought a new stake in Whirlpool Corporation in the second quarter worth $100,000. Sun Life Financial INC lifted its position in Whirlpool Corporation by 7,628.6% in 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 during the last quarter. IFP Advisors Inc lifted its position in Whirlpool Corporation by 6.2% in the first quarter. IFP Advisors Inc now owns 619 shares of the company’s stock worth $112,000 after buying an additional 36 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Whirlpool Corporation by 26.5% in 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 during the last quarter. Finally, FineMark National Bank & Trust lifted its position in Whirlpool Corporation by 65.8% in the second quarter. FineMark National Bank & Trust now owns 645 shares of the company’s stock worth $108,000 after buying an additional 256 shares during the last quarter. Institutional investors own 91.47% 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.

Analyst Recommendations for Whirlpool Corporation (NYSE:WHR)

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