Whirlpool (NYSE:WHR) Reaches New 12-Month Low at $95.21

Whirlpool Co. (NYSE:WHR - Get Free Report) shares reached a new 52-week low during trading on Thursday . The stock traded as low as $95.21 and last traded at $96.20, with a volume of 1840550 shares traded. The stock had previously closed at $105.68.

Analyst Ratings Changes

Several research analysts recently commented on WHR shares. JPMorgan Chase & Co. dropped their price target on Whirlpool from $120.00 to $111.00 and set a "neutral" rating for the company in a research report on Friday, February 2nd. Loop Capital started coverage on Whirlpool in a research report on Thursday, February 22nd. They issued a "buy" rating and a $140.00 price target for the company. TheStreet upgraded Whirlpool from a "d+" rating to a "c+" rating in a research report on Monday, January 29th. StockNews.com upgraded Whirlpool from a "hold" rating to a "buy" rating in a research report on Tuesday, February 27th. Finally, Royal Bank of Canada dropped their target price on Whirlpool from $92.00 to $85.00 and set an "underperform" rating for the company in a research report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $114.60.

Whirlpool Stock Down 10.1 %

The company has a debt-to-equity ratio of 2.53, a current ratio of 0.89 and a quick ratio of 0.57. The stock has a market cap of $5.19 billion, a PE ratio of 10.90 and a beta of 1.48. The business has a fifty day moving average of $109.41 and a 200-day moving average of $113.00.

Whirlpool (NYSE:WHR - Get Free Report) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $1.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.61 by $0.17. The firm had revenue of $4.49 billion during the quarter, compared to analyst estimates of $4.42 billion. Whirlpool had a return on equity of 38.67% and a net margin of 2.47%. Whirlpool's quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.66 earnings per share. Equities research analysts anticipate that Whirlpool Co. will post 12.85 earnings per share for the current year.

Whirlpool Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, June 15th. Shareholders of record on Friday, May 17th will be issued a dividend of $1.75 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $7.00 dividend on an annualized basis and a yield of 7.37%. Whirlpool's dividend payout ratio is currently 80.37%.

Hedge Funds Weigh In On Whirlpool

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Whirlpool by 0.4% during the third quarter. Vanguard Group Inc. now owns 6,536,414 shares of the company's stock worth $873,919,000 after purchasing an additional 25,740 shares in the last quarter. Primecap Management Co. CA increased its position in shares of Whirlpool by 0.6% in the 4th quarter. Primecap Management Co. CA now owns 4,729,936 shares of the company's stock valued at $575,964,000 after acquiring an additional 26,630 shares during the period. Boston Partners increased its position in shares of Whirlpool by 59.7% in the 3rd quarter. Boston Partners now owns 2,473,047 shares of the company's stock valued at $328,804,000 after acquiring an additional 924,128 shares during the period. Invesco Ltd. increased its position in shares of Whirlpool by 38.3% in the 3rd quarter. Invesco Ltd. now owns 1,954,344 shares of the company's stock valued at $261,296,000 after acquiring an additional 541,219 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Whirlpool by 1.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,425,552 shares of the company's stock valued at $173,589,000 after acquiring an additional 14,826 shares during the period. 90.78% of the stock is owned by institutional investors and hedge funds.

About Whirlpool

Whirlpool Corporation manufactures and markets home appliances and related products and services in the North America, Europe, the Middle East, Africa, Latin America, and Asia. The company's principal products include refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances, and commercial laundry products and related laundry accessories; cooking and other small domestic appliances; and dishwasher appliances and related accessories, as well as mixers.