Analysts Set Whirlpool Co. (NYSE:WHR) Target Price at $103.75

Shares of Whirlpool Co. (NYSE:WHR) have been assigned a consensus rating of “Reduce” from the five brokerages that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $103.75.

A number of research analysts have recently issued reports on the company. Royal Bank of Canada lowered their price target on Whirlpool from $79.00 to $76.00 and set an “underperform” rating on the stock in a report on Friday, July 26th. Bank of America assumed coverage on shares of Whirlpool in a research note on Tuesday, July 30th. They set an “underperform” rating and a $88.00 target price on the stock.

Insiders Place Their Bets

In other news, EVP Juan Carlos Puente sold 3,266 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $100.00, for a total transaction of $326,600.00. Following the completion of the sale, the executive vice president now owns 19,070 shares of the company’s stock, valued at $1,907,000. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 2.05% of the company’s stock.

Institutional Investors Weigh In On Whirlpool

A number of hedge funds have recently modified their holdings of the business. SouthState Corp bought a new stake in Whirlpool during the second quarter valued at about $28,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Whirlpool during the 2nd quarter valued at about $32,000. Altshuler Shaham Ltd bought a new position in shares of Whirlpool during the 2nd quarter valued at approximately $32,000. EverSource Wealth Advisors LLC increased its holdings in Whirlpool by 1,010.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 422 shares of the company’s stock worth $43,000 after acquiring an additional 384 shares in the last quarter. Finally, UMB Bank n.a. raised its stake in Whirlpool by 80.6% during the 2nd quarter. UMB Bank n.a. now owns 428 shares of the company’s stock worth $44,000 after acquiring an additional 191 shares during the period. Institutional investors own 90.78% of the company’s stock.

Whirlpool Stock Down 1.1 %

NYSE:WHR opened at $103.06 on Friday. The firm has a 50-day simple moving average of $100.28 and a two-hundred day simple moving average of $99.27. The firm has a market cap of $5.63 billion, a P/E ratio of 14.20 and a beta of 1.44. Whirlpool has a fifty-two week low of $84.18 and a fifty-two week high of $132.31. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.58 and a current ratio of 0.96.

Whirlpool (NYSE:WHR) last announced its quarterly earnings data on Wednesday, July 24th. The company reported $2.39 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.39. The company had revenue of $3.99 billion during the quarter, compared to analyst estimates of $3.96 billion. Whirlpool had a net margin of 2.89% and a return on equity of 27.67%. The firm’s revenue for the quarter was down 16.8% on a year-over-year basis. During the same period in the previous year, the business earned $4.21 EPS. Analysts predict that Whirlpool will post 11.31 earnings per share for the current fiscal year.

Whirlpool Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Friday, November 15th will be given a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a yield of 6.79%. Whirlpool’s dividend payout ratio (DPR) is presently 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.