Shares of Whirlpool Co. (NYSE:WHR) have earned an average recommendation of “Hold” from the eight analysts that are currently covering the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $183.75.
Several equities research analysts have commented on the stock. Zacks Investment Research lowered shares of Whirlpool from a “hold” rating to a “sell” rating in a research note on Wednesday. Goldman Sachs Group Inc lowered shares of Whirlpool from a “buy” rating to a “neutral” rating and set a $187.00 price target on the stock. in a research note on Friday, January 27th.
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Whirlpool (NYSE:WHR) traded up 0.88% on Friday, hitting $171.64. The stock had a trading volume of 901,635 shares. The company has a market cap of $12.78 billion, a P/E ratio of 14.93 and a beta of 1.91. The firm’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.
Whirlpool (NYSE:WHR) last announced its quarterly earnings results on Thursday, January 26th. The company reported $4.33 EPS for the quarter, missing the consensus estimate of $4.39 by $0.06. Whirlpool had a net margin of 4.29% and a return on equity of 18.69%. The firm earned $5.70 billion during the quarter, compared to analyst estimates of $5.61 billion. During the same quarter in the previous year, the business posted $4.10 EPS. Whirlpool’s revenue for the quarter was up 1.7% compared to the same quarter last year. Equities research analysts anticipate that Whirlpool will post $15.48 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Stockholders of record on Friday, May 19th will be issued a $1.10 dividend. The ex-dividend date of this dividend is Wednesday, May 17th. This is a boost from Whirlpool’s previous quarterly dividend of $1.00. This represents a $4.40 annualized dividend and a dividend yield of 2.56%. Whirlpool’s dividend payout ratio (DPR) is 34.69%.
In other Whirlpool news, Director Greg Creed bought 1,000 shares of Whirlpool stock in a transaction that occurred on Tuesday, February 21st. The stock was purchased at an average cost of $179.35 per share, for a total transaction of $179,350.00. Following the completion of the acquisition, the director now owns 1,000 shares of the company’s stock, valued at approximately $179,350. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Esther F. Berrozpe sold 6,234 shares of the firm’s stock in a transaction that occurred on Friday, February 17th. The stock was sold at an average price of $176.84, for a total transaction of $1,102,420.56. Following the sale, the executive vice president now owns 9,950 shares of the company’s stock, valued at $1,759,558. The disclosure for this sale can be found here. Insiders sold 129,921 shares of company stock valued at $23,378,785 over the last quarter. Insiders own 2.62% of the company’s stock.
A number of hedge funds have recently modified their holdings of WHR. Municipal Employees Retirement System of Michigan boosted its stake in shares of Whirlpool by 0.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 3,980 shares of the company’s stock worth $645,000 after buying an additional 10 shares during the last quarter. Bollard Group LLC boosted its stake in shares of Whirlpool by 0.6% in the first quarter. Bollard Group LLC now owns 2,158 shares of the company’s stock worth $370,000 after buying an additional 12 shares during the last quarter. Savant Capital LLC boosted its stake in shares of Whirlpool by 0.7% in the third quarter. Savant Capital LLC now owns 2,690 shares of the company’s stock worth $436,000 after buying an additional 20 shares during the last quarter. Ontario Teachers Pension Plan Board boosted its stake in shares of Whirlpool by 1.5% in the third quarter. Ontario Teachers Pension Plan Board now owns 2,064 shares of the company’s stock worth $335,000 after buying an additional 31 shares during the last quarter. Finally, Intrust Bank NA boosted its stake in shares of Whirlpool by 0.7% in the third quarter. Intrust Bank NA now owns 6,250 shares of the company’s stock worth $1,013,000 after buying an additional 42 shares during the last quarter. Hedge funds and other institutional investors own 91.76% of the company’s stock.
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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