Whirlpool Corporation (WHR) Receives Consensus Rating of “Hold” from Analysts
Whirlpool Corporation (NYSE:WHR) has received an average rating of “Hold” from the nine brokerages that are currently covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $193.17.
A number of equities analysts have weighed in on the stock. BidaskClub downgraded shares of Whirlpool Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Royal Bank Of Canada reaffirmed a “top pick” rating and issued a $216.00 target price (down from $226.00) on shares of Whirlpool Corporation in a research note on Tuesday, June 20th. Zacks Investment Research downgraded shares of Whirlpool Corporation from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. ValuEngine downgraded shares of Whirlpool Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Credit Suisse Group assumed coverage on shares of Whirlpool Corporation in a research note on Thursday, June 22nd. They issued a “neutral” rating and a $208.00 target price for the company.
In other Whirlpool Corporation news, Director William D. Perez purchased 1,000 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The stock was acquired at an average cost of $176.93 per share, with a total value of $176,930.00. Following the completion of the purchase, the director now directly owns 7,239 shares in the company, valued at approximately $1,280,796.27. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.69% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Atlantic Trust LLC raised its stake in shares of Whirlpool Corporation by 55.4% during the second quarter. Atlantic Trust LLC now owns 1,554 shares of the company’s stock worth $279,000 after buying an additional 554 shares during the last quarter. Toronto Dominion Bank raised its stake in shares of Whirlpool Corporation by 18.7% during the second quarter. Toronto Dominion Bank now owns 26,000 shares of the company’s stock worth $4,982,000 after buying an additional 4,101 shares during the last quarter. Afam Capital Inc. raised its stake in shares of Whirlpool Corporation by 2.6% during the second quarter. Afam Capital Inc. now owns 34,987 shares of the company’s stock worth $6,704,000 after buying an additional 889 shares during the last quarter. WINTON GROUP Ltd raised its stake in shares of Whirlpool Corporation by 31.0% during the second quarter. WINTON GROUP Ltd now owns 43,710 shares of the company’s stock worth $8,376,000 after buying an additional 10,351 shares during the last quarter. Finally, Westwood Holdings Group Inc. bought a new stake in shares of Whirlpool Corporation during the second quarter worth approximately $153,000. 91.47% of the stock is owned by institutional investors and hedge funds.
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Whirlpool Corporation (NYSE WHR) traded up 1.45% on Friday, hitting $175.19. 750,951 shares of the company were exchanged. The firm has a market cap of $12.79 billion, a price-to-earnings ratio of 17.53 and a beta of 1.77. The stock has a 50 day moving average price of $172.40 and a 200 day moving average price of $179.94. Whirlpool Corporation has a one year low of $145.91 and a one year high of $202.99.
Whirlpool Corporation (NYSE:WHR) last released its quarterly earnings results on Wednesday, July 26th. The company reported $3.35 EPS for the quarter, missing the Zacks’ consensus estimate of $3.54 by ($0.19). The firm had revenue of $5.35 billion during the quarter, compared to analyst estimates of $5.35 billion. Whirlpool Corporation had a net margin of 3.61% and a return on equity of 18.17%. Whirlpool Corporation’s quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the firm earned $3.50 earnings per share. On average, equities research analysts forecast that Whirlpool Corporation will post $14.63 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, August 25th were paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date of this dividend was Wednesday, August 23rd. Whirlpool Corporation’s dividend payout ratio is presently 44.04%.
Whirlpool Corporation announced that its board has authorized a share buyback program on Wednesday, July 26th that allows the company to buyback $2.35 billion in shares. This buyback authorization allows the company to purchase up to 16.7% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.
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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