Whirlpool Co. (NYSE:WHR) Receives $144.00 Consensus PT from Analysts

Posted by Lindsey Winhoffer on Mar 19th, 2023

Whirlpool Co. (NYSE:WHR – Get Rating) has earned an average rating of “Reduce” from the eight research firms that are presently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $144.00.

A number of equities analysts have issued reports on WHR shares. StockNews.com lowered shares of Whirlpool from a “hold” rating to a “sell” rating in a research report on Friday, March 10th. Credit Suisse Group lifted their target price on shares of Whirlpool from $140.00 to $150.00 and gave the company a “neutral” rating in a report on Thursday, February 2nd. Royal Bank of Canada lifted their target price on shares of Whirlpool from $108.00 to $118.00 and gave the company an “underperform” rating in a report on Wednesday, February 1st. Finally, JPMorgan Chase & Co. cut their target price on shares of Whirlpool from $145.00 to $137.00 and set a “neutral” rating for the company in a report on Tuesday, December 20th.

Insider Transactions at Whirlpool

In other news, VP Christopher S. Conley sold 1,535 shares of the business’s stock in a transaction dated Tuesday, February 14th. The stock was sold at an average price of $147.20, for a total transaction of $225,952.00. Following the completion of the transaction, the vice president now directly owns 2,384 shares of the company’s stock, valued at $350,924.80. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.33% of the company’s stock.

Institutional Investors Weigh In On Whirlpool

Large investors have recently modified their holdings of the company. Meiji Yasuda Asset Management Co Ltd. raised its position in Whirlpool by 3.6% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 1,719 shares of the company’s stock worth $266,000 after acquiring an additional 60 shares in the last quarter. Rowland & Co. Investment Counsel ADV raised its position in Whirlpool by 3.3% in the third quarter. Rowland & Co. Investment Counsel ADV now owns 2,210 shares of the company’s stock worth $298,000 after acquiring an additional 70 shares in the last quarter. Procyon Advisors LLC raised its position in Whirlpool by 1.9% in the fourth quarter. Procyon Advisors LLC now owns 3,702 shares of the company’s stock worth $524,000 after acquiring an additional 70 shares in the last quarter. Itau Unibanco Holding S.A. increased its position in shares of Whirlpool by 1.6% in the fourth quarter. Itau Unibanco Holding S.A. now owns 4,735 shares of the company’s stock valued at $678,000 after buying an additional 75 shares in the last quarter. Finally, New York Life Investment Management LLC increased its position in shares of Whirlpool by 0.9% in the fourth quarter. New York Life Investment Management LLC now owns 8,973 shares of the company’s stock valued at $1,269,000 after buying an additional 76 shares in the last quarter. 92.14% of the stock is owned by institutional investors and hedge funds.

Whirlpool Stock Down 0.8 %

Shares of Whirlpool stock opened at $128.45 on Thursday. The company has a debt-to-equity ratio of 2.94, a current ratio of 1.08 and a quick ratio of 0.73. Whirlpool has a 1 year low of $124.43 and a 1 year high of $199.07. The firm’s 50-day moving average is $144.99 and its two-hundred day moving average is $144.18. The stock has a market cap of $7.00 billion, a price-to-earnings ratio of -4.58 and a beta of 1.50.

Whirlpool (NYSE:WHR – Get Rating) last released its quarterly earnings results on Tuesday, January 31st. The company reported $3.89 earnings per share for the quarter, beating analysts’ consensus estimates of $3.29 by $0.60. Whirlpool had a negative net margin of 7.71% and a positive return on equity of 27.98%. The business had revenue of $4.92 billion for the quarter, compared to analysts’ expectations of $4.92 billion. During the same period last year, the business earned $6.14 EPS. The company’s revenue was down 15.3% compared to the same quarter last year. As a group, research analysts expect that Whirlpool will post 16.68 earnings per share for the current fiscal year.

Whirlpool Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 15th. Shareholders of record on Friday, March 3rd were paid a dividend of $1.75 per share. The ex-dividend date was Thursday, March 2nd. This represents a $7.00 dividend on an annualized basis and a yield of 5.45%. Whirlpool’s dividend payout ratio (DPR) is presently -24.96%.

About Whirlpool

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Whirlpool Corp. engages in the manufacturing and marketing of home appliances. Its products include home laundry appliances, refrigerators and freezers, cooking appliances, home dishwashers, and room air-conditioning equipment, mixers, and portable household appliances. The firm’s brands include Whirlpool, KitchenAid, Maytag, Consul, Brastemp, Amana, Bauknecht, JennAir, and Indesit.