Whirlpool (NYSE:WHR) Rating Increased to Hold at Wells Fargo & Company

Key Points

• Wells Fargo upgraded Whirlpool to “hold”, while other analysts largely maintained neutral or bearish views. The stock has a consensus “Reduce” rating and an average price target of $46.33.
• Whirlpool shares opened at $40.13, near their 52-week low of $35.45 and well below the 52-week high of $96.57. The company has a market capitalization of approximately $2.62 billion.
• Whirlpool’s latest quarterly results missed expectations, with an adjusted loss of $0.21 per share versus the projected $0.06 loss and revenue of $3.52 billion, down 6.8% year over year.

Whirlpool (NYSE:WHR - Get Free Report) was upgraded by equities researchers at Wells Fargo & Company to a "hold" rating in a research note issued to investors on Monday,Zacks.com reports.

Several other research analysts have also issued reports on the stock. Zacks Research raised shares of Whirlpool from a "strong sell" rating to a "hold" rating in a research note on Thursday, August 6th. Mizuho reduced their price target on Whirlpool from $45.00 to $40.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 21st. BNP Paribas Exane assumed coverage on Whirlpool in a research note on Monday, July 13th. They set a "neutral" rating and a $43.00 price objective for the company. Stifel Nicolaus dropped their price objective on Whirlpool from $45.00 to $37.00 and set a "hold" rating for the company in a report on Thursday, July 23rd. Finally, Wall Street Zen upgraded Whirlpool from a "strong sell" rating to a "sell" rating in a report on Saturday, August 8th. One investment analyst has rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Whirlpool currently has an average rating of "Reduce" and a consensus target price of $46.33.

Whirlpool Stock Performance

WHR stock opened at $40.13 on Monday. The company has a 50 day moving average price of $39.30 and a 200 day moving average price of $50.86. Whirlpool has a fifty-two week low of $35.45 and a fifty-two week high of $96.57. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.15 and a quick ratio of 0.71. The stock has a market capitalization of $2.62 billion, a PE ratio of 13.74, a price-to-earnings-growth ratio of 17.93 and a beta of 1.16.

Whirlpool (NYSE:WHR - Get Free Report) last announced its quarterly earnings data on Monday, August 3rd. The company reported ($0.21) EPS for the quarter, missing analysts' consensus estimates of ($0.06) by ($0.15). The firm had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $3.55 billion. Whirlpool had a net margin of 1.17% and a return on equity of 4.18%. The firm's quarterly revenue was down 6.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.34 earnings per share. Whirlpool has set its FY 2026 guidance at 2.500-3.000 EPS. Analysts forecast that Whirlpool will post 2.25 EPS for the current year.

Institutional Investors Weigh In On Whirlpool

Several large investors have recently made changes to their positions in WHR. NewEdge Advisors LLC raised its holdings in shares of Whirlpool by 56.7% in the first quarter. NewEdge Advisors LLC now owns 3,120 shares of the company's stock valued at $281,000 after purchasing an additional 1,129 shares during the last quarter. Empowered Funds LLC increased its stake in Whirlpool by 206.5% in the 1st quarter. Empowered Funds LLC now owns 8,528 shares of the company's stock valued at $769,000 after buying an additional 5,746 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Whirlpool by 15.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 214,918 shares of the company's stock worth $19,371,000 after buying an additional 27,995 shares in the last quarter. Invesco Ltd. lifted its position in Whirlpool by 3.2% during the 2nd quarter. Invesco Ltd. now owns 229,566 shares of the company's stock worth $23,283,000 after buying an additional 7,151 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Whirlpool by 129.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 369 shares of the company's stock worth $37,000 after buying an additional 208 shares during the last quarter. Institutional investors 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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