Whirlpool Corp. (WHR) Receives $200.75 Average Target Price from Brokerages
Whirlpool Corp. (NYSE:WHR) has been assigned a consensus recommendation of “Hold” from the eight analysts that are presently covering the firm. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $200.75.
A number of research firms recently issued reports on WHR. Raymond James Financial Inc. cut shares of Whirlpool Corp. from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 25th. Zacks Investment Research upgraded shares of Whirlpool Corp. from a “hold” rating to a “buy” rating and set a $173.00 price objective for the company in a research report on Wednesday, June 29th. MKM Partners boosted their target price on shares of Whirlpool Corp. from $204.00 to $215.00 and gave the stock a “buy” rating in a report on Monday, July 25th. Bank of America Corp. reissued a “buy” rating on shares of Whirlpool Corp. in a report on Wednesday, June 29th. Finally, Gabelli lowered shares of Whirlpool Corp. from a “buy” rating to a “hold” rating in a report on Monday, September 12th.
In other news, insider David T. Szczupak sold 10,307 shares of the company’s stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $181.33, for a total value of $1,868,968.31. Following the sale, the insider now directly owns 4,807 shares of the company’s stock, valued at approximately $871,653.31. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Jeff M. Fettig sold 91,000 shares of the company’s stock in a transaction on Monday, August 8th. The shares were sold at an average price of $189.42, for a total transaction of $17,237,220.00. The disclosure for this sale can be found here. 2.62% of the stock is currently owned by insiders.
Several large investors have recently bought and sold shares of the stock. National Pension Service increased its position in Whirlpool Corp. by 9.5% in the third quarter. National Pension Service now owns 61,795 shares of the company’s stock worth $10,021,000 after buying an additional 5,345 shares during the last quarter. Private Trust Co. NA bought a new position in Whirlpool Corp. during the third quarter worth about $775,000. Highland Capital Management LLC increased its position in Whirlpool Corp. by 1.1% in the third quarter. Highland Capital Management LLC now owns 9,586 shares of the company’s stock worth $1,554,000 after buying an additional 106 shares during the last quarter. AT Bancorp increased its position in Whirlpool Corp. by 45.8% in the third quarter. AT Bancorp now owns 21,635 shares of the company’s stock worth $3,508,000 after buying an additional 6,798 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its position in Whirlpool Corp. by 0.7% in the third quarter. Nisa Investment Advisors LLC now owns 30,727 shares of the company’s stock worth $4,983,000 after buying an additional 200 shares during the last quarter. 89.59% of the stock is currently owned by institutional investors.
Shares of Whirlpool Corp. (NYSE:WHR) opened at 160.75 on Wednesday. Whirlpool Corp. has a 12-month low of $123.60 and a 12-month high of $194.10. The firm has a market capitalization of $12.13 billion, a price-to-earnings ratio of 14.25 and a beta of 1.61. The firm has a 50-day moving average of $167.14 and a 200 day moving average of $175.80.
Whirlpool Corp. (NYSE:WHR) last released its quarterly earnings data on Friday, July 22nd. The company reported $3.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.37 by $0.13. The business earned $5.21 billion during the quarter, compared to analysts’ expectations of $5.13 billion. Whirlpool Corp. had a net margin of 4.29% and a return on equity of 18.68%. The firm’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the company earned $2.70 EPS. On average, equities research analysts expect that Whirlpool Corp. will post $14.69 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Friday, August 26th were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date of this dividend was Wednesday, August 24th. Whirlpool Corp.’s dividend payout ratio is currently 35.40%.
Whirlpool Corp. Company Profile
Whirlpool Corporation is a manufacturer and marketer of home appliances. The Company manufactures products in approximately 15 countries and markets products around the world under brand names, such as Whirlpool, KitchenAid, Maytag, Consul, Brastemp, Amana, Bauknecht, Jenn-Air and Indesit. The Company’s segments include North America, Latin America, EMEA (Europe, Middle East and Africa) and Asia.
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