Shares of Whirlpool Corporation (NYSE:WHR – Get Free Report) hit a new 52-week low during trading on Friday . The company traded as low as $51.95 and last traded at $52.2990, with a volume of 1115831 shares traded. The stock had previously closed at $53.61.
Wall Street Analyst Weigh In
WHR has been the subject of several recent research reports. BNP Paribas Exane raised Whirlpool to a “neutral” rating in a report on Monday, March 16th. Weiss Ratings upgraded shares of Whirlpool from a “sell (d)” rating to a “hold (c-)” rating in a research report on Thursday, February 12th. JPMorgan Chase & Co. dropped their price target on shares of Whirlpool from $76.00 to $59.00 and set a “neutral” rating for the company in a research note on Friday, March 13th. Stifel Nicolaus cut their price objective on shares of Whirlpool from $75.00 to $68.00 and set a “hold” rating on the stock in a report on Monday, March 2nd. Finally, Raymond James Financial reaffirmed a “market perform” rating on shares of Whirlpool in a research note on Monday, March 16th. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Whirlpool has a consensus rating of “Reduce” and a consensus price target of $82.00.
Check Out Our Latest Stock Analysis on Whirlpool
Whirlpool Stock Down 3.1%
Whirlpool (NYSE:WHR – Get Free Report) last posted its earnings results on Wednesday, January 28th. The company reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.54 by ($0.44). The company had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.27 billion. Whirlpool had a return on equity of 12.98% and a net margin of 2.04%.Whirlpool’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.57 earnings per share. Whirlpool has set its FY 2026 guidance at 7.000-7.000 EPS. As a group, sell-side analysts expect that Whirlpool Corporation will post 9.52 EPS for the current year.
Whirlpool Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Friday, February 27th were issued a dividend of $0.90 per share. The ex-dividend date was Friday, February 27th. This represents a $3.60 dividend on an annualized basis and a yield of 6.9%. Whirlpool’s payout ratio is currently 63.72%.
Institutional Investors Weigh In On Whirlpool
Hedge funds have recently bought and sold shares of the company. Flagship Harbor Advisors LLC acquired a new position in shares of Whirlpool in the 4th quarter valued at $25,000. Northwestern Mutual Wealth Management Co. raised its stake in Whirlpool by 172.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 389 shares of the company’s stock worth $28,000 after buying an additional 246 shares during the period. Garton & Associates Financial Advisors LLC bought a new position in Whirlpool during the fourth quarter worth about $35,000. EverSource Wealth Advisors LLC lifted its holdings in Whirlpool by 129.2% during the second quarter. EverSource Wealth Advisors LLC now owns 369 shares of the company’s stock worth $37,000 after acquiring an additional 208 shares in the last quarter. Finally, SBI Securities Co. Ltd. grew its stake in Whirlpool by 113.4% in the fourth quarter. SBI Securities Co. Ltd. now owns 527 shares of the company’s stock valued at $38,000 after acquiring an additional 280 shares during the period. 90.78% of the stock is currently owned by institutional investors and hedge funds.
Whirlpool Company Profile
Whirlpool Corporation is a leading global manufacturer and marketer of home appliances, with a product portfolio that spans major categories such as laundry, refrigeration, cooking, dishwashing and small electrics. Headquartered in Benton Harbor, Michigan, the company designs, produces and distributes its appliances through a network of wholly owned manufacturing facilities, joint ventures and third-party partners. Whirlpool serves both retail and professional markets, offering products under its flagship Whirlpool brand as well as several well-known names including Maytag, KitchenAid, JennAir, Amana, Brastemp and Consul.
In its laundry segment, Whirlpool provides top- and front-load washing machines, dryers and combination units designed to balance energy efficiency, capacity and convenience.
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