Whirlpool Corp. (WHR) Price Target Cut to $190.00 by Analysts at KeyCorp
Whirlpool Corp. (NYSE:WHR) had its price objective trimmed by KeyCorp from $205.00 to $190.00 in a research report released on Tuesday morning. The brokerage currently has an overweight rating on the stock.
WHR has been the topic of several other research reports. Zacks Investment Research cut shares of Whirlpool Corp. from a hold rating to a sell rating in a research note on Thursday, September 29th. Gabelli cut shares of Whirlpool Corp. from a buy rating to a hold rating in a research note on Monday, September 12th. MKM Partners cut shares of Whirlpool Corp. from a buy rating to a neutral rating and lowered their price objective for the stock from $215.00 to $176.00 in a research note on Monday, October 17th. Finally, JPMorgan Chase & Co. reaffirmed a buy rating and issued a $182.00 price objective on shares of Whirlpool Corp. in a research note on Thursday, October 27th. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $189.88.
Whirlpool Corp. (NYSE:WHR) opened at 163.58 on Tuesday. The company’s 50 day moving average is $159.77 and its 200 day moving average is $171.05. The stock has a market cap of $12.29 billion, a P/E ratio of 14.30 and a beta of 1.94. Whirlpool Corp. has a 52 week low of $123.60 and a 52 week high of $194.10.
Whirlpool Corp. (NYSE:WHR) last released its earnings results on Tuesday, October 25th. The company reported $3.66 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.88 by $0.22. The company had revenue of $5.20 billion for the quarter, compared to analyst estimates of $5.34 billion. Whirlpool Corp. had a net margin of 4.31% and a return on equity of 18.64%. The firm’s quarterly revenue was down .5% on a year-over-year basis. During the same period in the previous year, the business posted $3.45 EPS. Equities analysts predict that Whirlpool Corp. will post $14.14 earnings per share for the current year.
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The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Friday, November 18th will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 2.45%. The ex-dividend date is Wednesday, November 16th. Whirlpool Corp.’s dividend payout ratio is currently 34.93%.
In other Whirlpool Corp. news, insider David T. Szczupak sold 10,307 shares of Whirlpool Corp. 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 completion of the sale, the insider now directly owns 4,807 shares in the company, valued at $871,653.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.62% of the company’s stock.
A number of hedge funds have recently bought and sold shares of WHR. SevenBridge Financial Group LLC boosted its stake in Whirlpool Corp. by 229.6% in the third quarter. SevenBridge Financial Group LLC now owns 2,993 shares of the company’s stock worth $481,000 after buying an additional 2,085 shares during the period. Delphi Management Inc. MA boosted its stake in Whirlpool Corp. by 46.8% in the third quarter. Delphi Management Inc. MA now owns 13,123 shares of the company’s stock worth $2,128,000 after buying an additional 4,186 shares during the period. LPL Financial LLC boosted its stake in Whirlpool Corp. by 7.1% in the third quarter. LPL Financial LLC now owns 7,250 shares of the company’s stock worth $1,176,000 after buying an additional 480 shares during the period. Credit Suisse AG boosted its stake in Whirlpool Corp. by 40.8% in the third quarter. Credit Suisse AG now owns 136,207 shares of the company’s stock worth $22,086,000 after buying an additional 39,494 shares during the period. Finally, Verition Fund Management LLC boosted its stake in Whirlpool Corp. by 51.9% in the third quarter. Verition Fund Management LLC now owns 2,751 shares of the company’s stock worth $446,000 after buying an additional 940 shares during the period. Hedge funds and other institutional investors own 89.98% of the company’s stock.
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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