Whirlpool Corp. (WHR) Reaches New 12-Month High at $193.59
Whirlpool Corp. (NYSE:WHR) shares hit a new 52-week high during trading on Friday . The company traded as high as $193.59 and last traded at $193.42, with a volume of 516,973 shares trading hands. The stock had previously closed at $192.38.
WHR has been the topic of a number of recent research reports. MKM Partners increased their price target on shares of Whirlpool Corp. from $175.00 to $204.00 and gave the company a “buy” rating in a research report on Friday, April 1st. Bank of America Corp. restated a “buy” rating and issued a $230.00 target price on shares of Whirlpool Corp. in a report on Friday, April 1st. Royal Bank Of Canada raised their target price on shares of Whirlpool Corp. from $169.00 to $209.00 in a report on Tuesday, April 12th. Zacks Investment Research upgraded shares of Whirlpool Corp. from a “hold” rating to a “buy” rating and set a $173.00 target price on the stock in a report on Wednesday, June 29th. Finally, 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 on the stock in a report on Monday. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $198.50.
The company has a market cap of $14.51 billion and a price-to-earnings ratio of 17.05. The firm’s 50 day moving average is $175.30 and its 200-day moving average is $165.90.
Whirlpool Corp. (NYSE:WHR) last posted its quarterly earnings results on Friday, July 22nd. The company reported $3.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.37 by $0.13. The business earned $5.21 billion during the quarter, compared to the consensus estimate of $5.13 billion. During the same quarter in the previous year, the company earned $2.70 earnings per share. The company’s revenue for the quarter was down .2% compared to the same quarter last year. On average, equities analysts expect that Whirlpool Corp. will post $14.68 EPS for the current year.
In other news, Director Michael D. White acquired 2,700 shares of the firm’s stock in a transaction dated Wednesday, May 11th. The shares were acquired at an average cost of $172.78 per share, with a total value of $466,506.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Larry M. Venturelli sold 20,428 shares of the company’s stock in a transaction that occurred on Tuesday, May 10th. The stock was sold at an average price of $176.21, for a total value of $3,599,617.88. The disclosure for this sale can be found here.
Other hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Whirlpool Corp. by 3.1% in the fourth quarter. Vanguard Group Inc. now owns 6,467,441 shares of the company’s stock valued at $949,874,000 after buying an additional 192,149 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Whirlpool Corp. by 21.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 633,243 shares of the company’s stock valued at $93,012,000 after buying an additional 112,858 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Whirlpool Corp. by 5.5% in the fourth quarter. Wells Fargo & Company MN now owns 562,303 shares of the company’s stock valued at $82,586,000 after buying an additional 29,264 shares during the period. BlackRock Advisors LLC boosted its stake in shares of Whirlpool Corp. by 70.9% in the fourth quarter. BlackRock Advisors LLC now owns 532,222 shares of the company’s stock valued at $78,168,000 after buying an additional 220,746 shares during the period. Finally, Levin Capital Strategies L.P. purchased a new stake in shares of Whirlpool Corp. during the fourth quarter valued at about $22,328,000.
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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