Brokerages Set Whirlpool Corp. (WHR) Target Price at $185.25
Shares of Whirlpool Corp. (NYSE:WHR) have been given an average rating of “Hold” by the eight brokerages that are currently covering the stock. Four analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $185.25.
Several analysts have commented on WHR shares. JPMorgan Chase & Co. reiterated a “buy” rating and set a $182.00 target price on shares of Whirlpool Corp. in a research report on Thursday, October 27th. Zacks Investment Research upgraded shares of Whirlpool Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, October 26th. MKM Partners cut shares of Whirlpool Corp. from a “buy” rating to a “neutral” rating and dropped their target price for the company from $215.00 to $176.00 in a research report on Monday, October 17th. Gabelli cut shares of Whirlpool Corp. from a “buy” rating to a “hold” rating in a research report on Monday, September 12th. Finally, 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.
Shares of Whirlpool Corp. (NYSE:WHR) opened at 161.05 on Wednesday. The firm has a market cap of $12.10 billion, a PE ratio of 14.08 and a beta of 1.94. The company’s 50-day moving average price is $159.78 and its 200-day moving average price is $171.53. Whirlpool Corp. has a 52-week low of $123.60 and a 52-week high of $194.10.
Whirlpool Corp. (NYSE:WHR) last posted its quarterly earnings data on Tuesday, October 25th. The company reported $3.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.88 by $0.22. Whirlpool Corp. had a return on equity of 18.64% and a net margin of 4.31%. The firm had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.34 billion. During the same period in the prior year, the company posted $3.45 EPS. The firm’s quarterly revenue was down .5% compared to the same quarter last year. Equities analysts expect that Whirlpool Corp. will post $14.14 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Investors 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 2.48%. The ex-dividend date is Wednesday, November 16th. Whirlpool Corp.’s dividend payout ratio is currently 34.93%.
In related 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 completion of the sale, the insider now owns 4,807 shares in the company, valued at approximately $871,653.31. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.62% of the stock is currently owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the stock. LVM Capital Management Ltd. MI raised its position in shares of Whirlpool Corp. by 6.2% in the third quarter. LVM Capital Management Ltd. MI now owns 1,725 shares of the company’s stock worth $240,000 after buying an additional 100 shares during the last quarter. RDL Financial Inc. bought a new position in shares of Whirlpool Corp. during the second quarter worth $443,000. Cooke & Bieler LP raised its position in shares of Whirlpool Corp. by 11.8% in the second quarter. Cooke & Bieler LP now owns 330,200 shares of the company’s stock worth $55,025,000 after buying an additional 34,940 shares during the last quarter. CI Investments Inc. bought a new position in shares of Whirlpool Corp. during the second quarter worth $81,358,000. Finally, Nordea Investment Management AB raised its position in shares of Whirlpool Corp. by 2.3% in the second quarter. Nordea Investment Management AB now owns 3,177 shares of the company’s stock worth $529,000 after buying an additional 70 shares during the last quarter. Institutional investors and hedge funds own 90.44% of the company’s stock.
About Whirlpool Corp.
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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