Whirlpool Corporation (NYSE:WHR) was downgraded by research analysts at Royal Bank Of Canada from a “top pick” rating to a “sector perform” rating in a research note issued to investors on Tuesday. They currently have a $184.00 target price on the stock, down from their prior target price of $209.00. Royal Bank Of Canada’s price objective suggests a potential upside of 0.82% from the stock’s current price.

Several other brokerages have also issued reports on WHR. BidaskClub lowered Whirlpool Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Zacks Investment Research raised Whirlpool Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, October 5th. ValuEngine raised Whirlpool Corporation from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. MKM Partners set a $177.00 price target on Whirlpool Corporation and gave the stock a “hold” rating in a research note on Friday, October 6th. Finally, Bank of America Corporation lowered Whirlpool Corporation from a “buy” rating to a “neutral” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $188.00.

Whirlpool Corporation (NYSE:WHR) opened at 182.50 on Tuesday. The firm has a market cap of $13.32 billion, a PE ratio of 18.27 and a beta of 1.76. The firm has a 50-day moving average price of $177.35 and a 200-day moving average price of $181.18. Whirlpool Corporation has a one year low of $145.91 and a one year high of $202.99.

Whirlpool Corporation (NYSE:WHR) last issued its quarterly earnings results on Monday, October 23rd. The company reported $3.83 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.93 by ($0.10). Whirlpool Corporation had a return on equity of 18.17% and a net margin of 3.61%. The firm had revenue of $5.42 billion for the quarter, compared to the consensus estimate of $5.50 billion. During the same period last year, the firm earned $3.66 EPS. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. On average, equities analysts expect that Whirlpool Corporation will post $14.62 EPS for the current fiscal year.

Whirlpool Corporation declared that its board has approved a stock buyback program on Wednesday, July 26th that authorizes the company to repurchase $2.35 billion in outstanding shares. This repurchase authorization authorizes the company to buy up to 16.7% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

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In related news, Director William D. Perez acquired 1,000 shares of the firm’s stock in a transaction dated Monday, July 31st. The shares were purchased at an average price of $176.93 per share, for a total transaction of $176,930.00. Following the completion of the acquisition, the director now owns 7,239 shares in the company, valued at $1,280,796.27. The purchase was disclosed in a filing with the SEC, which is available at this link. 2.69% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System increased its holdings in shares of Whirlpool Corporation by 0.9% in the second quarter. State Board of Administration of Florida Retirement System now owns 112,378 shares of the company’s stock worth $21,534,000 after buying an additional 1,038 shares during the period. Homrich & Berg increased its holdings in shares of Whirlpool Corporation by 16.6% in the second quarter. Homrich & Berg now owns 3,131 shares of the company’s stock worth $600,000 after buying an additional 446 shares during the period. BT Investment Management Ltd purchased a new position in shares of Whirlpool Corporation in the second quarter worth about $2,065,000. Greenhaven Associates Inc. increased its holdings in shares of Whirlpool Corporation by 0.6% in the second quarter. Greenhaven Associates Inc. now owns 2,737,150 shares of the company’s stock worth $524,493,000 after buying an additional 17,280 shares during the period. Finally, Swiss National Bank increased its holdings in shares of Whirlpool Corporation by 2.1% in the second quarter. Swiss National Bank now owns 271,865 shares of the company’s stock worth $52,095,000 after buying an additional 5,700 shares during the period. Hedge funds and other institutional investors own 91.52% of the company’s stock.

About Whirlpool Corporation

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.

Analyst Recommendations for Whirlpool Corporation (NYSE:WHR)

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