Whirlpool Corporation (NYSE:WHR) Receives Consensus Recommendation of "Hold" from Brokerages

Whirlpool Corporation (NYSE:WHR - Get Free Report) has been assigned an average rating of "Hold" from the five analysts that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $108.40.

A number of equities research analysts have weighed in on WHR shares. Royal Bank Of Canada cut their price target on shares of Whirlpool from $81.00 to $65.00 and set an "underperform" rating for the company in a report on Friday, April 25th. Bank of America raised shares of Whirlpool from an "underperform" rating to a "neutral" rating and increased their target price for the company from $68.00 to $94.00 in a research note on Friday, June 13th. Longbow Research upgraded shares of Whirlpool from a "neutral" rating to a "buy" rating and set a $145.00 target price for the company in a report on Monday. Wall Street Zen raised Whirlpool from a "sell" rating to a "hold" rating in a report on Sunday, June 22nd. Finally, JPMorgan Chase & Co. reduced their price objective on Whirlpool from $109.00 to $89.00 and set a "neutral" rating for the company in a research note on Monday, April 28th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. HM Payson & Co. raised its holdings in shares of Whirlpool by 2.9% in the 4th quarter. HM Payson & Co. now owns 3,523 shares of the company's stock worth $403,000 after buying an additional 100 shares in the last quarter. State of Michigan Retirement System grew its position in Whirlpool by 0.8% in the fourth quarter. State of Michigan Retirement System now owns 13,100 shares of the company's stock valued at $1,500,000 after acquiring an additional 100 shares during the period. Oregon Public Employees Retirement Fund grew its position in Whirlpool by 1.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 11,266 shares of the company's stock valued at $1,290,000 after acquiring an additional 116 shares during the period. Nemes Rush Group LLC raised its stake in Whirlpool by 79.1% during the fourth quarter. Nemes Rush Group LLC now owns 274 shares of the company's stock worth $31,000 after acquiring an additional 121 shares in the last quarter. Finally, Bessemer Group Inc. lifted its holdings in shares of Whirlpool by 0.4% during the fourth quarter. Bessemer Group Inc. now owns 32,674 shares of the company's stock valued at $3,740,000 after acquiring an additional 121 shares during the period. Institutional investors and hedge funds own 90.78% of the company's stock.

Whirlpool Stock Performance

NYSE:WHR opened at $96.16 on Monday. The firm's fifty day simple moving average is $82.99 and its 200 day simple moving average is $96.58. The firm has a market capitalization of $5.35 billion, a price-to-earnings ratio of 686.88 and a beta of 1.18. Whirlpool has a twelve month low of $73.72 and a twelve month high of $135.49. The company has a current ratio of 0.72, a quick ratio of 0.40 and a debt-to-equity ratio of 1.71.

Whirlpool (NYSE:WHR - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The company reported $1.70 EPS for the quarter, topping analysts' consensus estimates of $1.67 by $0.03. The business had revenue of $3.62 billion for the quarter, compared to analysts' expectations of $3.67 billion. Whirlpool had a net margin of 0.04% and a return on equity of 21.38%. The business's revenue for the quarter was down 19.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.78 earnings per share. As a group, equities research analysts expect that Whirlpool will post 9.52 earnings per share for the current fiscal year.

Whirlpool Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, June 15th. Stockholders of record on Friday, May 16th were issued a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a dividend yield of 7.28%. The ex-dividend date of this dividend was Friday, May 16th. Whirlpool's payout ratio is 5,000.00%.

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.

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