Whirlpool Corporation (NYSE:WHR) Given Consensus Rating of "Reduce" by Brokerages

Whirlpool Corporation (NYSE:WHR - Get Free Report) has received an average rating of "Reduce" from the eight analysts that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $98.8333.

Several analysts have recently issued reports on WHR shares. Bank of America reissued an "underperform" rating and set a $70.00 price target (down previously from $100.00) on shares of Whirlpool in a research report on Tuesday, July 29th. Zacks Research upgraded shares of Whirlpool from a "strong sell" rating to a "hold" rating in a report on Tuesday, September 30th. Longbow Research upgraded Whirlpool from a "neutral" rating to a "buy" rating and set a $145.00 price objective on the stock in a research note on Monday, June 30th. Weiss Ratings reiterated a "sell (d)" rating on shares of Whirlpool in a research note on Saturday, September 27th. Finally, Loop Capital reiterated a "hold" rating and issued a $88.00 price objective on shares of Whirlpool in a research note on Monday, August 4th.

Institutional Trading of Whirlpool

Hedge funds and other institutional investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. raised its position in shares of Whirlpool by 5.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,235,977 shares of the company's stock worth $201,529,000 after acquiring an additional 117,964 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Whirlpool by 13.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 44,934 shares of the company's stock worth $4,022,000 after acquiring an additional 5,202 shares in the last quarter. First City Capital Management Inc. acquired a new stake in shares of Whirlpool during the 2nd quarter worth about $409,000. CCM Investment Group LLC acquired a new stake in Whirlpool during the first quarter worth approximately $628,000. Finally, HighTower Advisors LLC raised its holdings in Whirlpool by 1.3% during the first quarter. HighTower Advisors LLC now owns 1,047,645 shares of the company's stock worth $94,424,000 after purchasing an additional 13,038 shares in the last quarter. 90.78% of the stock is currently owned by institutional investors and hedge funds.

Whirlpool Stock Down 3.4%

NYSE:WHR opened at $76.64 on Wednesday. The company has a quick ratio of 0.46, a current ratio of 0.85 and a debt-to-equity ratio of 2.39. The stock's fifty day moving average is $86.66 and its two-hundred day moving average is $87.49. Whirlpool has a 52 week low of $73.72 and a 52 week high of $135.49. The stock has a market capitalization of $4.28 billion, a price-to-earnings ratio of -28.92 and a beta of 1.17.

Whirlpool (NYSE:WHR - Get Free Report) last posted its earnings results on Monday, July 28th. The company reported $1.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.54 by ($0.20). Whirlpool had a positive return on equity of 20.81% and a negative net margin of 0.95%.The firm had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.88 billion. During the same period in the previous year, the company posted $2.39 EPS. Whirlpool's revenue was down 5.4% on a year-over-year basis. Whirlpool has set its FY 2025 guidance at 6.000-8.000 EPS. Research analysts anticipate that Whirlpool will post 9.52 EPS for the current year.

Whirlpool Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date was Friday, August 29th. Whirlpool's dividend payout ratio (DPR) is presently -135.85%.

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.

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