Whirlpool Co. (NYSE:WHR) Receives $114.60 Consensus Price Target from Analysts

Shares of Whirlpool Co. (NYSE:WHR - Get Free Report) have received a consensus recommendation of "Hold" from the five analysts that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $114.60.

WHR has been the subject of a number of research analyst reports. Royal Bank of Canada dropped their price target on Whirlpool from $92.00 to $85.00 and set an "underperform" rating for the company in a research note on Wednesday, January 31st. JPMorgan Chase & Co. lowered their price objective on Whirlpool from $120.00 to $111.00 and set a "neutral" rating for the company in a research report on Friday, February 2nd. TheStreet raised Whirlpool from a "d+" rating to a "c+" rating in a research report on Monday, January 29th. StockNews.com raised Whirlpool from a "hold" rating to a "buy" rating in a research report on Tuesday, February 27th. Finally, Loop Capital started coverage on Whirlpool in a research report on Thursday, February 22nd. They set a "buy" rating and a $140.00 price objective for the company.

Whirlpool Trading Up 0.5 %

Shares of NYSE:WHR traded up $0.56 during trading on Friday, reaching $104.67. 1,009,876 shares of the company traded hands, compared to its average volume of 1,286,390. The firm has a market capitalization of $5.72 billion, a price-to-earnings ratio of 12.02 and a beta of 1.48. Whirlpool has a 52-week low of $98.40 and a 52-week high of $160.62. The company has a current ratio of 0.89, a quick ratio of 0.57 and a debt-to-equity ratio of 2.53. The business's fifty day moving average is $109.94 and its 200-day moving average is $113.67.

Whirlpool (NYSE:WHR - Get Free Report) last released its quarterly earnings data on Tuesday, January 30th. The company reported $3.85 earnings per share for the quarter, beating analysts' consensus estimates of $3.53 by $0.32. Whirlpool had a return on equity of 38.67% and a net margin of 2.47%. The firm had revenue of $5.09 billion during the quarter, compared to analyst estimates of $4.98 billion. During the same quarter in the prior year, the firm posted $3.89 earnings per share. The business's quarterly revenue was up 3.4% compared to the same quarter last year. As a group, analysts forecast that Whirlpool will post 13.64 EPS for the current year.

Whirlpool Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, June 15th. Stockholders 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 annualized dividend and a dividend yield of 6.69%. Whirlpool's payout ratio is presently 80.37%.

Hedge Funds Weigh In On Whirlpool

Several institutional investors and hedge funds have recently modified their holdings of WHR. BlackRock Inc. increased its holdings in Whirlpool by 30.1% in the 1st quarter. BlackRock Inc. now owns 6,001,651 shares of the company's stock worth $792,338,000 after buying an additional 1,389,657 shares in the last quarter. International Assets Investment Management LLC boosted its position in Whirlpool by 3,554.4% in the fourth quarter. International Assets Investment Management LLC now owns 1,382,430 shares of the company's stock worth $168,339,000 after purchasing an additional 1,344,601 shares during the last quarter. Boston Partners boosted its position in Whirlpool by 59.7% in the third quarter. Boston Partners now owns 2,473,047 shares of the company's stock worth $328,804,000 after purchasing an additional 924,128 shares during the last quarter. State Street Corp boosted its position in Whirlpool by 21.8% in the third quarter. State Street Corp now owns 3,122,210 shares of the company's stock worth $420,905,000 after purchasing an additional 558,391 shares during the last quarter. Finally, Invesco Ltd. boosted its position in Whirlpool by 38.3% in the third quarter. Invesco Ltd. now owns 1,954,344 shares of the company's stock worth $261,296,000 after purchasing an additional 541,219 shares during the last quarter. 90.78% of the stock is currently owned by institutional investors.

Whirlpool Company Profile

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.