Whirlpool Co. (NYSE:WHR) Receives $114.60 Average Price Target from Brokerages

Whirlpool Co. (NYSE:WHR) has been assigned an average rating of “Hold” from the five analysts that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $114.60.

Several research firms have weighed in on WHR. Loop Capital started coverage on shares of Whirlpool in a report on Thursday, February 22nd. They set a “buy” rating and a $140.00 price objective on the stock. StockNews.com upgraded shares of Whirlpool from a “hold” rating to a “buy” rating in a report on Tuesday, February 27th. Royal Bank of Canada dropped their price target on shares of Whirlpool from $92.00 to $85.00 and set an “underperform” rating on the stock in a research report on Wednesday, January 31st. JPMorgan Chase & Co. decreased their price objective on Whirlpool from $120.00 to $111.00 and set a “neutral” rating for the company in a report on Friday, February 2nd. Finally, TheStreet upgraded Whirlpool from a “d+” rating to a “c+” rating in a report on Monday, January 29th.

Hedge Funds Weigh In On Whirlpool

Several institutional investors have recently modified their holdings of the business. Global Retirement Partners LLC boosted its position in Whirlpool by 160.0% in the third quarter. Global Retirement Partners LLC now owns 221 shares of the company’s stock worth $28,000 after purchasing an additional 136 shares during the last quarter. Park Place Capital Corp bought a new position in Whirlpool during the third quarter valued at about $29,000. Private Trust Co. NA increased its holdings in Whirlpool by 190.7% during the fourth quarter. Private Trust Co. NA now owns 282 shares of the company’s stock worth $34,000 after buying an additional 185 shares during the last quarter. ORG Partners LLC bought a new stake in Whirlpool in the fourth quarter worth about $37,000. Finally, Sentry Investment Management LLC purchased a new position in Whirlpool in the third quarter valued at about $39,000. 90.78% of the stock is owned by institutional investors.

Whirlpool Stock Down 10.1 %

WHR stock opened at $94.96 on Friday. The stock’s 50 day simple moving average is $109.41 and its 200 day simple moving average is $113.00. The company has a market cap of $5.19 billion, a P/E ratio of 13.08 and a beta of 1.48. The company has a debt-to-equity ratio of 2.53, a quick ratio of 0.57 and a current ratio of 0.89. Whirlpool has a fifty-two week low of $92.54 and a fifty-two week high of $160.62.

Whirlpool (NYSE:WHR) last released its quarterly earnings data on Wednesday, April 24th. The company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.61 by $0.17. Whirlpool had a return on equity of 36.24% and a net margin of 2.07%. The firm had revenue of $4.49 billion during the quarter, compared to the consensus estimate of $4.42 billion. During the same quarter in the previous year, the company posted $2.66 earnings per share. The company’s quarterly revenue was down 3.4% on a year-over-year basis. On average, research analysts expect that Whirlpool will post 12.85 earnings per share for the current fiscal year.

Whirlpool Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, June 15th. Shareholders of record on Friday, May 17th will be given a dividend of $1.75 per share. The ex-dividend date is Thursday, May 16th. This represents a $7.00 annualized dividend and a dividend yield of 7.37%. Whirlpool’s dividend payout ratio is currently 96.42%.

Whirlpool Company Profile

Whirlpool Corporation manufactures and markets home appliances and related products and services in the North America, Europe, the Middle East, Africa, Latin America, and Asia. The company's principal products include refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances, and commercial laundry products and related laundry accessories; cooking and other small domestic appliances; and dishwasher appliances and related accessories, as well as mixers.