Traders bought shares of Whirlpool Corporation (NYSE:WHR) on weakness during trading hours on Tuesday. $63.41 million flowed into the stock on the tick-up and $42.94 million flowed out of the stock on the tick-down, for a money net flow of $20.47 million into the stock. Of all equities tracked, Whirlpool Corporation had the 26th highest net in-flow for the day. Whirlpool Corporation traded down ($2.78) for the day and closed at $177.18

WHR has been the topic of several recent analyst reports. Credit Suisse Group initiated coverage on Whirlpool Corporation in a report on Thursday, June 22nd. They set a “neutral” rating and a $208.00 target price on the stock. ValuEngine lowered Whirlpool Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research lowered Whirlpool Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. BidaskClub lowered Whirlpool Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Finally, Royal Bank Of Canada restated a “top pick” rating and issued a $216.00 price target (down from $226.00) on shares of Whirlpool Corporation in a report on Tuesday, June 20th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $192.17.

The firm has a market cap of $12.91 billion, a PE ratio of 17.71 and a beta of 1.76. The firm has a 50-day moving average price of $175.23 and a 200 day moving average price of $180.54.

Whirlpool Corporation (NYSE:WHR) last posted its earnings results on Wednesday, July 26th. The company reported $3.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $3.54 by ($0.19). Whirlpool Corporation had a return on equity of 18.17% and a net margin of 3.61%. The firm had revenue of $5.35 billion for the quarter, compared to the consensus estimate of $5.35 billion. During the same period in the prior year, the business earned $3.50 EPS. Whirlpool Corporation’s quarterly revenue was up 2.9% compared to the same quarter last year. On average, analysts forecast that Whirlpool Corporation will post $14.64 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, August 25th were given a dividend of $1.10 per share. The ex-dividend date was Wednesday, August 23rd. This represents a $4.40 annualized dividend and a dividend yield of 2.49%. Whirlpool Corporation’s dividend payout ratio is currently 44.04%.

Whirlpool Corporation announced that its Board of Directors has initiated a stock buyback program on Wednesday, July 26th that authorizes the company to buyback $2.35 billion in shares. This buyback authorization authorizes the company to buy up to 16.7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

In related news, Director William D. Perez purchased 1,000 shares of the firm’s stock in a transaction dated Monday, July 31st. The stock was bought at an average price of $176.93 per share, for a total transaction of $176,930.00. Following the purchase, the director now directly owns 7,239 shares in the company, valued at approximately $1,280,796.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.69% of the company’s stock.

Several hedge funds have recently modified their holdings of WHR. BlackRock Inc. increased its stake in shares of Whirlpool Corporation by 3,484.6% during the 1st quarter. BlackRock Inc. now owns 4,983,869 shares of the company’s stock worth $853,885,000 after purchasing an additional 4,844,832 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Whirlpool Corporation by 17.2% during the 1st quarter. Bank of America Corp DE now owns 1,787,659 shares of the company’s stock worth $306,280,000 after purchasing an additional 262,246 shares during the last quarter. Morgan Stanley increased its stake in shares of Whirlpool Corporation by 52.0% during the 1st quarter. Morgan Stanley now owns 719,572 shares of the company’s stock worth $123,284,000 after purchasing an additional 246,103 shares during the last quarter. Harris Associates L P increased its stake in shares of Whirlpool Corporation by 12.5% during the 2nd quarter. Harris Associates L P now owns 2,180,839 shares of the company’s stock worth $417,892,000 after purchasing an additional 241,659 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of Whirlpool Corporation by 136.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 405,351 shares of the company’s stock worth $77,673,000 after purchasing an additional 233,661 shares during the last quarter. Institutional investors own 91.47% of the company’s stock.

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Whirlpool Corporation Company Profile

Whirlpool Corporation is a manufacturer and marketer of home appliances. The Company’s segments include North America; Europe, Middle East and Africa (EMEA); Latin America, and Asia. In North America, the Company markets and distributes home appliances and small domestic appliances under a range of brand names.

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