Whirlpool Corporation (NYSE:WHR – Get Free Report)’s share price traded up 5.3% during mid-day trading on Friday . The company traded as high as $38.99 and last traded at $39.8590. 355,455 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 2,684,760 shares. The stock had previously closed at $37.86.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on WHR. Wall Street Zen raised shares of Whirlpool from a “strong sell” rating to a “sell” rating in a report on Saturday, June 27th. Citigroup decreased their target price on shares of Whirlpool from $60.00 to $50.00 and set a “neutral” rating on the stock in a research note on Monday, May 11th. JPMorgan Chase & Co. cut their price objective on Whirlpool from $59.00 to $52.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. Raymond James Financial reiterated a “market perform” rating on shares of Whirlpool in a report on Monday, March 16th. Finally, Mizuho assumed coverage on Whirlpool in a research report on Monday, April 20th. They set a “neutral” rating and a $55.00 price objective for the company. One research analyst has rated the stock with a Buy rating, seven have given a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $57.38.
View Our Latest Stock Analysis on Whirlpool
Whirlpool Stock Performance
Whirlpool (NYSE:WHR – Get Free Report) last announced its earnings results on Wednesday, May 6th. The company reported ($0.56) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.99). Whirlpool had a return on equity of 7.68% and a net margin of 1.08%.The firm had revenue of $3.27 billion during the quarter, compared to analysts’ expectations of $3.44 billion. During the same period in the previous year, the business posted $1.70 earnings per share. The company’s revenue for the quarter was down 9.6% on a year-over-year basis. Whirlpool has set its FY 2026 guidance at 3.000-3.500 EPS. Research analysts expect that Whirlpool Corporation will post 1.73 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Whirlpool
A number of institutional investors and hedge funds have recently bought and sold shares of WHR. Flagship Harbor Advisors LLC purchased a new stake in Whirlpool in the 4th quarter worth $25,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Whirlpool by 172.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 389 shares of the company’s stock worth $28,000 after acquiring an additional 246 shares during the last quarter. Garton & Associates Financial Advisors LLC purchased a new stake in shares of Whirlpool during the fourth quarter valued at $35,000. EverSource Wealth Advisors LLC grew its stake in Whirlpool by 129.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 369 shares of the company’s stock worth $37,000 after acquiring an additional 208 shares in the last quarter. Finally, SBI Securities Co. Ltd. increased its holdings in Whirlpool by 113.4% during the 4th quarter. SBI Securities Co. Ltd. now owns 527 shares of the company’s stock worth $38,000 after purchasing an additional 280 shares during the period. 90.78% of the stock is owned by institutional investors.
Whirlpool Company Profile
Whirlpool Corporation is a leading global manufacturer and marketer of home appliances, with a product portfolio that spans major categories such as laundry, refrigeration, cooking, dishwashing and small electrics. Headquartered in Benton Harbor, Michigan, the company designs, produces and distributes its appliances through a network of wholly owned manufacturing facilities, joint ventures and third-party partners. Whirlpool serves both retail and professional markets, offering products under its flagship Whirlpool brand as well as several well-known names including Maytag, KitchenAid, JennAir, Amana, Brastemp and Consul.
In its laundry segment, Whirlpool provides top- and front-load washing machines, dryers and combination units designed to balance energy efficiency, capacity and convenience.
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