Whirlpool Corporation (WHR) Given Average Recommendation of “Hold” by Analysts
Whirlpool Corporation (NYSE:WHR) has earned a consensus recommendation of “Hold” from the nine analysts that are currently covering the company, Marketbeat.com reports. Five investment 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 brokers that have updated their coverage on the stock in the last year is $192.17.
WHR has been the topic of a number of recent analyst reports. Credit Suisse Group started coverage on shares of Whirlpool Corporation in a research note on Thursday, June 22nd. They set a “neutral” rating and a $208.00 price target on the stock. MKM Partners set a $177.00 price target on shares of Whirlpool Corporation and gave the stock a “hold” rating in a research note on Friday, October 6th. ValuEngine raised shares of Whirlpool Corporation from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Royal Bank Of Canada reissued a “buy” rating and set a $209.00 price target on shares of Whirlpool Corporation in a research note on Tuesday. Finally, BidaskClub downgraded shares of Whirlpool Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd.
Whirlpool Corporation (NYSE:WHR) traded up 0.11% on Thursday, hitting $177.10. The company’s stock had a trading volume of 703,202 shares. The company has a market capitalization of $12.92 billion, a P/E ratio of 17.73 and a beta of 1.76. The company has a 50 day moving average price of $175.23 and a 200-day moving average price of $180.54. Whirlpool Corporation has a 1-year low of $145.91 and a 1-year high of $202.99.
Whirlpool Corporation (NYSE:WHR) last released its quarterly earnings data 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 net margin of 3.61% and a return on equity of 18.17%. The firm had revenue of $5.35 billion during the quarter, compared to the consensus estimate of $5.35 billion. During the same quarter last year, the business posted $3.50 earnings per share. Whirlpool Corporation’s revenue was up 2.9% compared to the same quarter last year. On average, equities analysts forecast that Whirlpool Corporation will post $14.64 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, August 25th were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 2.48%. The ex-dividend date was Wednesday, August 23rd. Whirlpool Corporation’s dividend payout ratio (DPR) is currently 44.04%.
Whirlpool Corporation announced that its board has authorized a stock repurchase plan on Wednesday, July 26th that authorizes the company to repurchase $2.35 billion in outstanding shares. This repurchase authorization authorizes the company to buy up to 16.7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.
In other Whirlpool Corporation news, Director William D. Perez bought 1,000 shares of the company’s stock in a transaction dated Monday, July 31st. The shares were purchased at an average price of $176.93 per share, for a total transaction of $176,930.00. Following the acquisition, the director now owns 7,239 shares in the company, valued at approximately $1,280,796.27. The purchase was disclosed in a filing with the SEC, which is available at this link. Insiders own 2.69% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of WHR. Dupont Capital Management Corp purchased a new position in Whirlpool Corporation in the 2nd quarter worth about $100,000. Sun Life Financial INC raised its position in Whirlpool Corporation by 7,628.6% in the 2nd 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. Northwestern Mutual Wealth Management Co. raised its position in Whirlpool Corporation by 26.5% in the 2nd 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. Westwood Holdings Group Inc. purchased a new position in Whirlpool Corporation in the 2nd quarter worth about $153,000. Finally, Global X Management Co. LLC raised its position in Whirlpool Corporation by 33.1% in the 1st quarter. Global X Management Co. LLC now owns 989 shares of the company’s stock worth $169,000 after buying an additional 246 shares during the last quarter. 91.47% of the stock is owned by hedge funds and other institutional investors.
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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