Whirlpool (NYSE:WHR – Get Free Report) had its price target reduced by stock analysts at Stifel Nicolaus from $45.00 to $37.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Stifel Nicolaus’ price objective suggests a potential upside of 1.71% from the stock’s previous close.
Several other equities research analysts have also recently issued reports on the stock. Bank of America cut their price objective on shares of Whirlpool from $43.00 to $36.00 and set an “underperform” rating for the company in a research report on Monday, June 22nd. Wall Street Zen upgraded Whirlpool from a “strong sell” rating to a “sell” rating in a report on Saturday, June 27th. Mizuho lowered their price objective on Whirlpool from $45.00 to $40.00 and set a “neutral” rating for the company in a research report on Tuesday. Citigroup reduced their target price on Whirlpool from $50.00 to $42.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 14th. Finally, Weiss Ratings downgraded Whirlpool from a “hold (c-)” rating to a “sell (d)” rating in a research report on Friday, May 8th. One analyst has rated the stock with a Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, Whirlpool currently has a consensus rating of “Reduce” and an average target price of $51.22.
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Whirlpool Trading Down 2.0%
Whirlpool (NYSE:WHR – Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The company reported ($0.56) EPS for the quarter, missing the consensus estimate of $0.43 by ($0.99). The company had revenue of $3.27 billion during the quarter, compared to analyst estimates of $3.44 billion. Whirlpool had a net margin of 1.08% and a return on equity of 7.68%. Whirlpool’s revenue for the quarter was down 9.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.70 EPS. Whirlpool has set its FY 2026 guidance at 3.000-3.500 EPS. Analysts expect that Whirlpool will post 1.15 EPS for the current fiscal year.
Institutional Trading of Whirlpool
Several hedge funds and other institutional investors have recently made changes to their positions in WHR. RWWM Inc. raised its holdings in Whirlpool by 191.6% during the first quarter. RWWM Inc. now owns 2,422,618 shares of the company’s stock worth $130,628,000 after purchasing an additional 1,591,849 shares during the last quarter. Norges Bank purchased a new position in Whirlpool during the fourth quarter worth about $31,959,000. Freestone Grove Partners LP acquired a new stake in shares of Whirlpool in the fourth quarter worth approximately $22,729,000. Orion Porfolio Solutions LLC increased its holdings in shares of Whirlpool by 2,795.1% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 234,564 shares of the company’s stock worth $23,789,000 after buying an additional 226,462 shares during the last quarter. Finally, Newport Trust Company LLC lifted its stake in shares of Whirlpool by 10.2% in the 4th quarter. Newport Trust Company LLC now owns 2,391,252 shares of the company’s stock valued at $172,505,000 after purchasing an additional 221,564 shares in the last quarter. Institutional investors and hedge funds own 90.78% of the company’s stock.
About Whirlpool
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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