Whirlpool Co. (WHR) Given Consensus Recommendation of “Hold” by Brokerages
Whirlpool Co. (NYSE:WHR) has been assigned an average recommendation of “Hold” from the eight analysts that are presently covering the firm. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $183.75.
A number of research firms recently commented on WHR. Zacks Investment Research upgraded shares of Whirlpool from a “sell” rating to a “hold” rating in a research report on Tuesday, December 27th. Goldman Sachs Group Inc cut shares of Whirlpool from a “buy” rating to a “neutral” rating and set a $187.00 price objective for the company. in a research report on Friday, January 27th.
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In other news, Director Greg Creed bought 1,000 shares of the stock in a transaction on Tuesday, February 21st. The stock was purchased at an average price of $179.35 per share, for a total transaction of $179,350.00. Following the acquisition, the director now owns 1,000 shares in the company, valued at $179,350. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman Jeff M. Fettig sold 120,700 shares of the stock in a transaction dated Friday, February 24th. The stock was sold at an average price of $180.16, for a total value of $21,745,312.00. Following the transaction, the chairman now owns 54,983 shares of the company’s stock, valued at approximately $9,905,737.28. The disclosure for this sale can be found here. In the last 90 days, insiders sold 129,921 shares of company stock valued at $23,378,785. 2.62% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in WHR. Global X Management Co. LLC boosted its position in Whirlpool by 93.8% in the third quarter. Global X Management Co. LLC now owns 661 shares of the company’s stock worth $107,000 after buying an additional 320 shares during the period. Financial Architects Inc boosted its position in Whirlpool by 142.4% in the third quarter. Financial Architects Inc now owns 737 shares of the company’s stock worth $120,000 after buying an additional 433 shares during the period. Norway Savings Bank purchased a new position in Whirlpool during the fourth quarter worth about $164,000. Essex Financial Services Inc. purchased a new position in Whirlpool during the fourth quarter worth about $202,000. Finally, Wetherby Asset Management Inc. purchased a new position in Whirlpool during the fourth quarter worth about $210,000. Hedge funds and other institutional investors own 91.76% of the company’s stock.
Shares of Whirlpool (NYSE:WHR) traded down 0.2072% during midday trading on Tuesday, reaching $168.5999. 576,439 shares of the company were exchanged. The stock has a 50-day moving average price of $172.54 and a 200 day moving average price of $171.20. The company has a market capitalization of $12.56 billion, a P/E ratio of 14.6609 and a beta of 1.91. Whirlpool has a 52-week low of $145.91 and a 52-week high of $194.10.
Whirlpool (NYSE:WHR) last released its quarterly earnings data on Thursday, January 26th. The company reported $4.33 EPS for the quarter, missing the Zacks’ consensus estimate of $4.39 by $0.06. Whirlpool had a net margin of 4.29% and a return on equity of 18.69%. The firm earned $5.70 billion during the quarter, compared to the consensus estimate of $5.61 billion. During the same quarter in the prior year, the company earned $4.10 EPS. Whirlpool’s quarterly revenue was up 1.7% on a year-over-year basis. Equities research analysts expect that Whirlpool will post $15.60 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Friday, May 19th will be given a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.60%. This is a boost from Whirlpool’s previous quarterly dividend of $1.00. Whirlpool’s dividend payout ratio is currently 34.69%.
Whirlpool 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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