Whirlpool Co. (NYSE:WHR) Receives Average Rating of "Reduce" from Analysts

Whirlpool Co. (NYSE:WHR - Get Free Report) has earned an average recommendation of "Reduce" from the five research firms that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $103.75.

Several research firms recently commented on WHR. Bank of America started coverage on shares of Whirlpool in a report on Tuesday, July 30th. They set an "underperform" rating and a $88.00 price target for the company. Royal Bank of Canada reduced their price objective on Whirlpool from $79.00 to $76.00 and set an "underperform" rating for the company in a research report on Friday, July 26th.

Whirlpool Trading Up 1.8 %

Shares of NYSE:WHR traded up $1.87 during midday trading on Friday, reaching $105.08. The company had a trading volume of 799,785 shares, compared to its average volume of 1,207,380. The company has a fifty day simple moving average of $99.68 and a two-hundred day simple moving average of $99.77. The company has a debt-to-equity ratio of 1.88, a quick ratio of 0.58 and a current ratio of 0.96. The firm has a market cap of $5.77 billion, a price-to-earnings ratio of 10.89 and a beta of 1.44. Whirlpool has a 1-year low of $84.18 and a 1-year high of $132.31.

Whirlpool (NYSE:WHR - Get Free Report) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $2.39 earnings per share for the quarter, hitting the consensus estimate of $2.39. Whirlpool had a net margin of 2.89% and a return on equity of 27.67%. The firm had revenue of $3.99 billion for the quarter, compared to analysts' expectations of $3.96 billion. During the same period in the previous year, the company posted $4.21 EPS. The company's quarterly revenue was down 16.8% compared to the same quarter last year. Research analysts predict that Whirlpool will post 11.31 earnings per share for the current year.

Whirlpool Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, September 15th. Stockholders of record on Friday, August 30th were given a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a dividend yield of 6.66%. The ex-dividend date was Friday, August 30th. Whirlpool's dividend payout ratio is 72.39%.

Insider Activity at Whirlpool

In other Whirlpool news, EVP Juan Carlos Puente sold 3,266 shares of the business's stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $100.00, for a total transaction of $326,600.00. Following the completion of the transaction, the executive vice president now owns 19,070 shares of the company's stock, valued at $1,907,000. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.05% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Whirlpool

Hedge funds have recently modified their holdings of the business. SouthState Corp bought a new stake in Whirlpool in the 2nd quarter valued at $28,000. Ashton Thomas Private Wealth LLC acquired a new stake in Whirlpool during the second quarter worth about $32,000. Altshuler Shaham Ltd acquired a new position in Whirlpool in the 2nd quarter valued at approximately $32,000. EverSource Wealth Advisors LLC lifted its position in shares of Whirlpool by 1,010.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 422 shares of the company's stock worth $43,000 after acquiring an additional 384 shares during the period. Finally, UMB Bank n.a. grew its holdings in shares of Whirlpool by 80.6% during the 2nd quarter. UMB Bank n.a. now owns 428 shares of the company's stock worth $44,000 after purchasing an additional 191 shares in the last quarter. 90.78% of the stock is owned by institutional investors.

About Whirlpool

Whirlpool Corporation manufactures and markets home appliances and related products and services in the North America, Europe, the Middle East, Africa, Latin America, and Asia. The company's principal products include refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances, and commercial laundry products and related laundry accessories; cooking and other small domestic appliances; and dishwasher appliances and related accessories, as well as mixers.