Whirlpool Co. (NYSE:WHR) Receives $122.17 Average PT from Brokerages

Whirlpool Co. (NYSE:WHR) has been assigned an average recommendation of “Hold” from the six ratings firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $122.17.

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

Institutional Trading of Whirlpool

A number of large investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its position in Whirlpool by 19.6% during the third quarter. Envestnet Asset Management Inc. now owns 90,465 shares of the company’s stock valued at $12,095,000 after purchasing an additional 14,851 shares in the last quarter. Gilman Hill Asset Management LLC lifted its position in shares of Whirlpool by 47.0% during the 4th quarter. Gilman Hill Asset Management LLC now owns 79,926 shares of the company’s stock worth $9,733,000 after buying an additional 25,541 shares during the last quarter. BlackRock Inc. boosted its stake in Whirlpool by 2.3% in the second quarter. BlackRock Inc. now owns 6,139,973 shares of the company’s stock valued at $913,567,000 after buying an additional 138,322 shares in the last quarter. Deutsche Bank AG grew its position in Whirlpool by 4.7% in the third quarter. Deutsche Bank AG now owns 428,220 shares of the company’s stock valued at $57,253,000 after acquiring an additional 19,036 shares during the last quarter. Finally, Mariner LLC lifted its holdings in shares of Whirlpool by 62.2% in the third quarter. Mariner LLC now owns 8,190 shares of the company’s stock worth $1,095,000 after acquiring an additional 3,141 shares during the last quarter. Institutional investors and hedge funds own 90.78% of the company’s stock.

Whirlpool Stock Up 5.0 %

Shares of Whirlpool stock opened at $117.88 on Monday. The company has a debt-to-equity ratio of 2.53, a current ratio of 0.89 and a quick ratio of 0.57. The business has a 50-day moving average of $109.73 and a two-hundred day moving average of $116.15. Whirlpool has a 1 year low of $98.40 and a 1 year high of $160.62. The company has a market capitalization of $6.44 billion, a P/E ratio of 13.53 and a beta of 1.47.

Whirlpool (NYSE:WHR) last released its quarterly earnings results on Tuesday, January 30th. The company reported $3.85 earnings per share for the quarter, beating the consensus estimate of $3.53 by $0.32. Whirlpool had a net margin of 2.47% and a return on equity of 38.67%. The company had revenue of $5.09 billion during the quarter, compared to analysts’ expectations of $4.98 billion. During the same quarter in the prior year, the company earned $3.89 earnings per share. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. As a group, equities analysts predict that Whirlpool will post 13.64 EPS for the current year.

Whirlpool Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were issued a dividend of $1.75 per share. The ex-dividend date was Thursday, February 29th. This represents a $7.00 dividend on an annualized basis and a yield of 5.94%. Whirlpool’s payout ratio is 80.37%.

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.