Whirlpool Corp. (WHR) Shares Gap Up to $183.76
Whirlpool Corp. (NYSE:WHR)’s share price 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 equities analysts have issued reports on the stock. Bank of America Corp. reaffirmed a “buy” rating on shares of Whirlpool Corp. in a report on Wednesday, June 29th. MKM Partners lifted their target price on Whirlpool Corp. from $204.00 to $215.00 and gave the stock a “buy” rating in a research note on Monday, July 25th. Zacks Investment Research upgraded Whirlpool Corp. from a “hold” rating to a “buy” rating and set a $173.00 target price on the stock in a research note on Wednesday, June 29th. Finally, Raymond James Financial Inc. upgraded Whirlpool Corp. from a “market perform” rating to a “strong-buy” rating and set a $185.00 target price on the stock in a research note on Monday, July 25th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Whirlpool Corp. has an average rating of “Buy” and an average price target of $198.50.
The stock has a market cap of $13.70 billion and a price-to-earnings ratio of 16.09. The stock’s 50 day moving average price is $183.29 and its 200 day moving average price is $173.21.
Whirlpool Corp. (NYSE:WHR) last posted its quarterly earnings data on Friday, July 22nd. The company reported $3.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.37 by $0.13. The firm earned $5.21 billion during the quarter, compared to the consensus estimate of $5.13 billion. Whirlpool Corp.’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter last year, the company posted $2.70 EPS. On average, equities analysts anticipate that Whirlpool Corp. will post $14.68 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Friday, August 26th will be issued a $1.00 dividend. The ex-dividend date is Wednesday, August 24th. This represents a $4.00 dividend on an annualized basis and a yield of 2.20%.
In other news, Chairman Jeff M. Fettig sold 91,000 shares of the stock in a transaction 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Joao Carlos Brega sold 14,166 shares of the stock in a transaction 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 sale, 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 large investors recently added to or reduced their stakes in the company. King Luther Capital Management Corp boosted its stake in Whirlpool Corp. by 6.2% in the fourth quarter. King Luther Capital Management Corp now owns 191,915 shares of the company’s stock worth $28,187,000 after buying an additional 11,130 shares in the last quarter. American International Group Inc. boosted its stake in Whirlpool Corp. by 3.2% in the fourth quarter. American International Group Inc. now owns 37,074 shares of the company’s stock worth $5,445,000 after buying an additional 1,149 shares in the last quarter. Utah Retirement Systems boosted its stake in Whirlpool Corp. by 0.7% in the fourth quarter. Utah Retirement Systems now owns 14,159 shares of the company’s stock worth $2,079,000 after buying an additional 100 shares in the last quarter. Finally, Marshall Wace LLP boosted its stake in Whirlpool Corp. by 182.6% in the fourth quarter. Marshall Wace LLP now owns 15,532 shares of the company’s stock worth $2,281,000 after buying an additional 10,035 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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