Whirlpool Corp. (WHR) Stock Rating Lowered by MKM Partners
Whirlpool Corp. (NYSE:WHR) was downgraded by stock analysts at MKM Partners from a “buy” rating to a “neutral” rating in a research report issued on Monday. They currently have a $176.00 price target on the stock, down from their previous price target of $215.00. MKM Partners’ price target suggests a potential upside of 8.45% from the company’s current price.
WHR has been the subject of a number of other research reports. Gabelli downgraded shares of Whirlpool Corp. from a “buy” rating to a “hold” rating in a report on Monday, September 12th. Zacks Investment Research downgraded shares of Whirlpool Corp. from a “hold” rating to a “sell” rating in a report on Thursday, September 29th. Raymond James Financial Inc. raised shares of Whirlpool Corp. from a “market perform” rating to a “strong-buy” rating and set a $185.00 price target for the company in a report on Monday, July 25th. Finally, Bank of America Corp. reaffirmed a “buy” rating on shares of Whirlpool Corp. in a report on Wednesday, June 29th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $193.63.
Whirlpool Corp. (NYSE:WHR) opened at 162.29 on Monday. The stock has a market cap of $12.24 billion, a P/E ratio of 14.38 and a beta of 1.61. Whirlpool Corp. has a 12-month low of $123.60 and a 12-month high of $194.10. The firm’s 50 day moving average price is $166.08 and its 200-day moving average price is $175.51.
Whirlpool Corp. (NYSE:WHR) last announced its quarterly earnings results on Friday, July 22nd. The company reported $3.50 EPS for the quarter, beating the Zacks’ consensus estimate of $3.37 by $0.13. Whirlpool Corp. had a net margin of 4.29% and a return on equity of 18.68%. The firm earned $5.21 billion during the quarter, compared to the consensus estimate of $5.13 billion. During the same quarter last year, the firm earned $2.70 EPS. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. Equities research analysts anticipate that Whirlpool Corp. will post $14.69 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Friday, November 18th will be given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.46%. Whirlpool Corp.’s dividend payout ratio is presently 35.40%.
In other Whirlpool Corp. news, insider David T. Szczupak sold 10,307 shares of the stock in a transaction that occurred 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 sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Marc R. Bitzer sold 1,012 shares of the stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $190.00, for a total transaction of $192,280.00. Following the completion of the sale, the insider now directly owns 1,012 shares in the company, valued at $192,280. The disclosure for this sale can be found here. 2.62% of the stock is currently owned by company insiders.
Large investors have recently made changes to their positions in the stock. Kanaly Trust Co increased its stake in shares of Whirlpool Corp. by 0.3% in the second quarter. Kanaly Trust Co now owns 1,147 shares of the company’s stock worth $191,000 after buying an additional 4 shares in the last quarter. Advisor Partners LLC increased its stake in shares of Whirlpool Corp. by 0.5% in the second quarter. Advisor Partners LLC now owns 1,515 shares of the company’s stock worth $252,000 after buying an additional 8 shares in the last quarter. Bollard Group LLC increased its stake in shares of Whirlpool Corp. by 0.6% in the second quarter. Bollard Group LLC now owns 2,121 shares of the company’s stock worth $353,000 after buying an additional 12 shares in the last quarter. Norinchukin Bank The increased its stake in shares of Whirlpool Corp. by 0.6% in the second quarter. Norinchukin Bank The now owns 3,985 shares of the company’s stock worth $664,000 after buying an additional 22 shares in the last quarter. Finally, Somerset Trust Co increased its stake in shares of Whirlpool Corp. by 0.3% in the second quarter. Somerset Trust Co now owns 12,743 shares of the company’s stock worth $2,123,000 after buying an additional 33 shares in the last quarter. 89.55% of the stock is currently owned by institutional investors.
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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