Whirlpool Corp. (WHR) Shares Gap Up to $183.76
Whirlpool Corp. (NYSE:WHR) shares gapped up before the market opened on Tuesday . The stock had previously closed at $183.16, but opened at $183.76. Whirlpool Corp. shares last traded at $186.25, with a volume of 240,101 shares.
A number of research firms have commented on WHR. Bank of America Corp. reaffirmed a “buy” rating on shares of Whirlpool Corp. in a report on Wednesday, June 29th. MKM Partners raised their price target on Whirlpool Corp. from $204.00 to $215.00 and gave the stock a “buy” rating in a report on Monday, July 25th. Zacks Investment Research raised Whirlpool Corp. from a “hold” rating to a “buy” rating and set a $173.00 price target on the stock in a report on Wednesday, June 29th. Finally, Raymond James Financial Inc. raised Whirlpool Corp. from a “market perform” rating to a “strong-buy” rating and set a $185.00 price target on the stock in a report on Monday, July 25th. One 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 stock. The stock currently has an average rating of “Buy” and an average target price of $198.50.
The company’s 50 day moving average is $182.80 and its 200-day moving average is $173.15. The firm has a market cap of $14.05 billion and a PE ratio of 16.50.
Whirlpool Corp. (NYSE:WHR) last announced its earnings results on Friday, July 22nd. The company reported $3.50 EPS for the quarter, topping the consensus estimate of $3.37 by $0.13. The business earned $5.21 billion during the quarter, compared to analyst estimates of $5.13 billion. During the same period in the previous year, the firm earned $2.70 earnings per share. The firm’s revenue was down .2% compared to the same quarter last year. On average, equities analysts anticipate that Whirlpool Corp. will post $14.68 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Friday, August 26th will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 2.15%. The ex-dividend date is Wednesday, August 24th.
In other news, Chairman Jeff M. Fettig sold 91,000 shares of the business’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $189.42, for a total value of $17,237,220.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Joao Carlos Brega sold 14,166 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $193.43, for a total value of $2,740,129.38. Following the completion of the transaction, the insider now directly owns 29,043 shares in the company, valued at $5,617,787.49. The disclosure for this sale can be found here.
Several hedge funds and institutional investors have made changes to their positions in the company. Victory Capital Management Inc. increased its position in shares of Whirlpool Corp. by 28.1% in the fourth quarter. Victory Capital Management Inc. now owns 23,857 shares of the company’s stock valued at $3,504,000 after buying an additional 5,238 shares during the last quarter. Marshall Wace LLP increased its position in Whirlpool Corp. by 182.6% in the fourth quarter. Marshall Wace LLP now owns 15,532 shares of the company’s stock valued at $2,281,000 after buying an additional 10,035 shares in the last quarter. Utah Retirement Systems increased its position in Whirlpool Corp. by 0.7% in the fourth quarter. Utah Retirement Systems now owns 14,159 shares of the company’s stock valued at $2,079,000 after buying an additional 100 shares in the last quarter. BlackRock Advisors LLC increased its position in 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 in the last quarter. Finally, American International Group Inc. increased its position in Whirlpool Corp. by 3.2% in the fourth quarter. American International Group Inc. now owns 37,074 shares of the company’s stock valued at $5,445,000 after buying an additional 1,149 shares in the last quarter.
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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