Brokerages Set Whirlpool Corporation (NYSE:WHR) Price Target at $98.83

Key Points

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Shares of Whirlpool Corporation (NYSE:WHR - Get Free Report) have earned an average recommendation of "Hold" from the six analysts that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $98.8333.

Several analysts have issued reports on the stock. Loop Capital reaffirmed a "hold" rating and issued a $88.00 price target on shares of Whirlpool in a report on Monday, August 4th. Royal Bank Of Canada reduced their target price on shares of Whirlpool from $65.00 to $63.00 and set an "underperform" rating on the stock in a report on Wednesday, July 30th. Longbow Research upgraded shares of Whirlpool from a "neutral" rating to a "buy" rating and set a $145.00 target price on the stock in a report on Monday, June 30th. JPMorgan Chase & Co. reduced their target price on shares of Whirlpool from $109.00 to $89.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Finally, Bank of America restated an "underperform" rating and issued a $70.00 target price (down from $100.00) on shares of Whirlpool in a report on Tuesday, July 29th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. TD Waterhouse Canada Inc. grew its position in Whirlpool by 120.7% in the fourth quarter. TD Waterhouse Canada Inc. now owns 320 shares of the company's stock valued at $37,000 after acquiring an additional 175 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Whirlpool by 129.2% in the second quarter. EverSource Wealth Advisors LLC now owns 369 shares of the company's stock valued at $37,000 after acquiring an additional 208 shares in the last quarter. Cheviot Value Management LLC acquired a new stake in Whirlpool in the first quarter valued at approximately $36,000. Ransom Advisory Ltd acquired a new stake in Whirlpool in the first quarter valued at approximately $38,000. Finally, UMB Bank n.a. grew its position in Whirlpool by 40.4% in the first quarter. UMB Bank n.a. now owns 448 shares of the company's stock valued at $40,000 after acquiring an additional 129 shares in the last quarter. Hedge funds and other institutional investors own 90.78% of the company's stock.

Whirlpool Stock Up 6.2%

Shares of NYSE:WHR traded up $5.4480 during trading on Tuesday, hitting $93.6580. 1,395,527 shares of the company were exchanged, compared to its average volume of 1,341,731. The stock has a market capitalization of $5.23 billion, a P/E ratio of -35.34 and a beta of 1.17. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.85 and a quick ratio of 0.46. Whirlpool has a 12-month low of $73.72 and a 12-month high of $135.49. The firm's 50 day moving average price is $94.48 and its 200-day moving average price is $90.15.

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

Whirlpool Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be issued a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 3.8%. Whirlpool's payout ratio is -264.15%.

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.