Analysts Set Whirlpool Co. (WHR) PT at $183.75
Whirlpool Co. (NYSE:WHR) has been assigned an average recommendation of “Hold” from the eight analysts that are currently covering the stock. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $183.75.
A number of equities research analysts have issued reports on WHR shares. Zacks Investment Research upgraded Whirlpool from a “hold” rating to a “buy” rating and set a $204.00 price objective on the stock in a research report on Tuesday, January 3rd. Goldman Sachs Group Inc downgraded Whirlpool from a “buy” rating to a “neutral” rating and set a $187.00 price objective on the stock. in a research report on Friday, January 27th.
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Whirlpool (NYSE:WHR) traded down 0.08% during mid-day trading on Tuesday, hitting $171.51. The company’s stock had a trading volume of 991,112 shares. The company’s 50 day moving average is $171.80 and its 200-day moving average is $171.24. Whirlpool has a 52-week low of $145.91 and a 52-week high of $194.10. The stock has a market cap of $12.77 billion, a P/E ratio of 14.91 and a beta of 1.91.
Whirlpool (NYSE:WHR) last issued its quarterly earnings data on Thursday, January 26th. The company reported $4.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.39 by $0.06. Whirlpool had a net margin of 4.29% and a return on equity of 18.69%. The company had revenue of $5.70 billion for the quarter, compared to analysts’ expectations of $5.61 billion. During the same quarter last year, the company earned $4.10 earnings per share. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. On average, equities analysts predict that Whirlpool will post $15.48 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Friday, May 19th will be paid a dividend of $1.10 per share. This is a boost from Whirlpool’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Wednesday, May 17th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.57%. Whirlpool’s dividend payout ratio is currently 34.69%.
In other Whirlpool news, Director Greg Creed bought 1,000 shares of the business’s stock in a transaction dated Tuesday, February 21st. The shares were purchased at an average price of $179.35 per share, with a total value of $179,350.00. Following the completion of the purchase, the director now owns 1,000 shares in the company, valued at approximately $179,350. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Jeff M. Fettig sold 120,700 shares of the company’s stock in a transaction that occurred on Friday, February 24th. The shares were sold at an average price of $180.16, for a total value of $21,745,312.00. Following the transaction, the chairman now directly owns 54,983 shares in the company, valued at approximately $9,905,737.28. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 129,921 shares of company stock worth $23,378,785. Insiders own 2.62% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. 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 in the last quarter. 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 in the last quarter. Norway Savings Bank acquired a new position in Whirlpool during the fourth quarter worth approximately $164,000. Essex Financial Services Inc. acquired a new position in Whirlpool during the fourth quarter worth approximately $202,000. Finally, State of Alaska Department of Revenue acquired a new position in Whirlpool during the first quarter worth approximately $196,000. 91.76% of the stock is currently owned by hedge funds and other institutional investors.
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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