Whirlpool Corp. (WHR) Given Consensus Recommendation of “Buy” by Brokerages
Shares of Whirlpool Corp. (NYSE:WHR) have been assigned a consensus recommendation of “Hold” from the eight analysts that are presently covering the firm. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $200.75.
A number of equities analysts recently weighed in on WHR shares. Bank of America Corp. reissued a “buy” rating on shares of Whirlpool Corp. in a research note on Wednesday, June 29th. Zacks Investment Research raised shares of Whirlpool Corp. from a “hold” rating to a “buy” rating and set a $173.00 target price for the company in a research note on Wednesday, June 29th. MKM Partners lifted their target price on shares of Whirlpool Corp. from $204.00 to $215.00 and gave the stock a “buy” rating in a research note on Monday, July 25th. Raymond James Financial Inc. downgraded shares of Whirlpool Corp. from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 25th. Finally, Gabelli downgraded shares of Whirlpool Corp. from a “buy” rating to a “hold” rating in a research note on Monday, September 12th.
In other news, insider Marc R. Bitzer sold 1,012 shares of the business’s stock in a transaction dated Tuesday, August 2nd. The shares were sold at an average price of $190.00, for a total transaction of $192,280.00. Following the completion of the sale, the insider now directly owns 1,012 shares of the company’s stock, valued at $192,280. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Jeff M. Fettig sold 91,000 shares of the business’s stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $189.42, for a total transaction of $17,237,220.00. The disclosure for this sale can be found here. 2.62% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the company. FineMark National Bank & Trust increased its stake in Whirlpool Corp. by 65.8% in the second quarter. FineMark National Bank & Trust now owns 645 shares of the company’s stock valued at $108,000 after buying an additional 256 shares during the last quarter. IFP Advisors Inc boosted its position in Whirlpool Corp. by 6.2% in the first quarter. IFP Advisors Inc now owns 619 shares of the company’s stock valued at $112,000 after buying an additional 36 shares during the period. Winslow Evans & Crocker Inc. boosted its position in Whirlpool Corp. by 12.1% in the second quarter. Winslow Evans & Crocker Inc. now owns 704 shares of the company’s stock valued at $117,000 after buying an additional 76 shares during the period. Barnett & Company Inc. purchased a new position in Whirlpool Corp. during the first quarter valued at $126,000. Finally, First Manhattan Co. boosted its position in Whirlpool Corp. by 80.0% in the second quarter. First Manhattan Co. now owns 810 shares of the company’s stock valued at $134,000 after buying an additional 360 shares during the period. 89.59% of the stock is owned by institutional investors.
Whirlpool Corp. (NYSE:WHR) traded down 0.17% during trading on Wednesday, hitting $160.75. 292,520 shares of the stock were exchanged. The firm has a market cap of $12.13 billion, a PE ratio of 14.25 and a beta of 1.61. Whirlpool Corp. has a 52 week low of $123.60 and a 52 week high of $194.10. The firm’s 50-day moving average is $169.03 and its 200 day moving average is $176.14.
Whirlpool Corp. (NYSE:WHR) last announced its earnings results on Friday, July 22nd. The company reported $3.50 earnings per share for the quarter, topping analysts’ consensus estimates of $3.37 by $0.13. Whirlpool Corp. had a net margin of 4.29% and a return on equity of 18.68%. The business earned $5.21 billion during the quarter, compared to the consensus estimate of $5.13 billion. During the same quarter last year, the firm earned $2.70 earnings per share. Whirlpool Corp.’s quarterly revenue was down .2% on a year-over-year basis. Analysts expect that Whirlpool Corp. will post $14.69 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Friday, August 26th were paid a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 2.48%. The ex-dividend date of this dividend was Wednesday, August 24th. Whirlpool Corp.’s dividend payout ratio (DPR) is currently 35.40%.
About Whirlpool Corp.
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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