Trading Report: The Whirlpool Corp. (WHR) Receives $200.75 Average Target Price from Brokerages

The Whirlpool Corp. (WHR) Receives $200.75 Average Target Price from Brokerages

Shares of Whirlpool Corp. (NYSE:WHR) have been assigned a consensus rating of “Hold” from the eight ratings firms that are currently covering the firm. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $200.75.

A number of equities research analysts recently weighed in on WHR shares. Bank of America Corp. reaffirmed a “buy” rating on shares of Whirlpool Corp. in a research report on Wednesday, June 29th. Zacks Investment Research raised Whirlpool Corp. from a “hold” rating to a “buy” rating and set a $173.00 price objective on the stock in a research report on Wednesday, June 29th. MKM Partners raised their price objective on Whirlpool Corp. from $204.00 to $215.00 and gave the company a “buy” rating in a research report on Monday, July 25th. Raymond James Financial Inc. downgraded Whirlpool Corp. from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 25th. Finally, Gabelli downgraded Whirlpool Corp. from a “buy” rating to a “hold” rating in a research report on Monday, September 12th.

In other news, Chairman Jeff M. Fettig sold 91,000 shares of the firm’s stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $189.42, for a total value of $17,237,220.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David T. Szczupak sold 10,307 shares of the firm’s stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $181.33, for a total value of $1,868,968.31. Following the completion of the transaction, the insider now owns 4,807 shares of the company’s stock, valued at $871,653.31. The disclosure for this sale can be found here. 2.62% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Fairpointe Capital LLC purchased a new position in shares of Whirlpool Corp. during the first quarter valued at about $88,525,000. CI Investments Inc. purchased a new position in shares of Whirlpool Corp. during the second quarter valued at about $81,358,000. Eaton Vance Management boosted its position in shares of Whirlpool Corp. by 4,441.1% in the second quarter. Eaton Vance Management now owns 388,988 shares of the company’s stock valued at $64,821,000 after buying an additional 380,422 shares during the last quarter. Neuberger Berman Group LLC boosted its position in shares of Whirlpool Corp. by 68.9% in the second quarter. Neuberger Berman Group LLC now owns 804,176 shares of the company’s stock valued at $134,008,000 after buying an additional 327,929 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA purchased a new position in shares of Whirlpool Corp. during the second quarter valued at about $37,388,000. Hedge funds and other institutional investors own 89.59% of the company’s stock.

Shares of Whirlpool Corp. (NYSE:WHR) opened at 160.75 on Wednesday. Whirlpool Corp. has a one year low of $123.60 and a one year high of $194.10. The stock has a market cap of $12.13 billion, a P/E ratio of 14.25 and a beta of 1.61. The stock has a 50 day moving average of $167.14 and a 200 day moving average of $175.80.

Whirlpool Corp. (NYSE:WHR) last posted its quarterly earnings results on Friday, July 22nd. The company reported $3.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.37 by $0.13. Whirlpool Corp. had a return on equity of 18.68% and a net margin of 4.29%. The business had revenue of $5.21 billion for the quarter, compared to the consensus estimate of $5.13 billion. During the same quarter in the prior year, the company earned $2.70 EPS. The business’s revenue was down .2% compared to the same quarter last year. On average, analysts forecast that Whirlpool Corp. will post $14.69 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Friday, August 26th were paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 2.49%. The ex-dividend date was Wednesday, August 24th. Whirlpool Corp.’s payout ratio is 35.40%.

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