Analysts Set Whirlpool Co. (NYSE:WHR) Price Target at $111.00

Shares of Whirlpool Co. (NYSE:WHR) have received an average recommendation of “Hold” from the five analysts that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $111.00.

A number of equities research analysts have weighed in on WHR shares. Royal Bank of Canada lowered their price objective on Whirlpool from $85.00 to $79.00 and set an “underperform” rating on the stock in a report on Friday, April 26th. Bank of America raised their price target on Whirlpool from $63.00 to $75.00 in a report on Friday, May 17th. Finally, StockNews.com lowered Whirlpool from a “buy” rating to a “hold” rating in a report on Friday, April 26th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Private Trust Co. NA raised its position 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 acquiring an additional 185 shares during the last quarter. ORG Partners LLC acquired a new position in shares of Whirlpool during the 4th quarter worth approximately $37,000. Salem Investment Counselors Inc. purchased a new stake in Whirlpool in the 1st quarter valued at approximately $45,000. Parallel Advisors LLC grew its holdings in Whirlpool by 82.5% during the 4th quarter. Parallel Advisors LLC now owns 407 shares of the company’s stock valued at $50,000 after buying an additional 184 shares during the last quarter. Finally, Federated Hermes Inc. increased its position in Whirlpool by 79.4% during the fourth quarter. Federated Hermes Inc. now owns 436 shares of the company’s stock worth $53,000 after buying an additional 193 shares in the last quarter. Institutional investors and hedge funds own 90.78% of the company’s stock.

Whirlpool Trading Down 1.5 %

Shares of WHR stock opened at $101.33 on Wednesday. Whirlpool has a twelve month low of $84.18 and a twelve month high of $160.62. The company has a current ratio of 0.95, a quick ratio of 0.58 and a debt-to-equity ratio of 2.56. The business’s 50 day moving average is $93.05 and its two-hundred day moving average is $105.03. The company has a market capitalization of $5.54 billion, a P/E ratio of 13.96 and a beta of 1.44.

Whirlpool (NYSE:WHR) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.17. Whirlpool had a net margin of 2.07% and a return on equity of 35.16%. The company had revenue of $4.49 billion for the quarter, compared to analysts’ expectations of $4.42 billion. During the same period in the previous year, the company posted $2.66 EPS. Whirlpool’s revenue was down 3.4% compared to the same quarter last year. Equities analysts forecast that Whirlpool will post 12.37 EPS for the current year.

Whirlpool Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, June 15th. Shareholders of record on Friday, May 17th were given a dividend of $1.75 per share. The ex-dividend date was Thursday, May 16th. This represents a $7.00 dividend on an annualized basis and a yield of 6.91%. Whirlpool’s payout ratio is 96.42%.

About Whirlpool

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.