Brokerages Set Whirlpool Co. (NYSE:WHR) Price Target at $106.50

Shares of Whirlpool Co. (NYSE:WHR - Get Free Report) have been given a consensus rating of "Reduce" by the four ratings firms that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $106.50.

WHR has been the topic of a number of recent research reports. Royal Bank of Canada cut their price target on shares of Whirlpool from $76.00 to $74.00 and set an "underperform" rating on the stock in a report on Friday, October 25th. Bank of America raised their price target on shares of Whirlpool from $101.00 to $103.00 and gave the company an "underperform" rating in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. raised their price target on shares of Whirlpool from $103.00 to $109.00 and gave the company a "neutral" rating in a report on Tuesday, October 29th.

Insider Activity at Whirlpool

In other Whirlpool news, EVP Juan Carlos Puente sold 3,266 shares of the business's stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $100.00, for a total value of $326,600.00. Following the completion of the transaction, the executive vice president now directly owns 19,070 shares of the company's stock, valued at approximately $1,907,000. The trade was a 14.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO James W. Peters sold 6,000 shares of the business's stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $104.48, for a total transaction of $626,880.00. Following the sale, the chief financial officer now directly owns 41,570 shares of the company's stock, valued at approximately $4,343,233.60. This trade represents a 12.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.05% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Whirlpool

A number of institutional investors and hedge funds have recently modified their holdings of WHR. Westside Investment Management Inc. increased its position in shares of Whirlpool by 4.5% during the third quarter. Westside Investment Management Inc. now owns 2,345 shares of the company's stock worth $251,000 after acquiring an additional 100 shares in the last quarter. Tidal Investments LLC boosted its holdings in Whirlpool by 4.2% during the third quarter. Tidal Investments LLC now owns 3,151 shares of the company's stock worth $337,000 after purchasing an additional 128 shares during the last quarter. Sigma Planning Corp boosted its holdings in Whirlpool by 6.4% during the third quarter. Sigma Planning Corp now owns 2,170 shares of the company's stock worth $232,000 after purchasing an additional 130 shares during the last quarter. Dakota Wealth Management boosted its holdings in Whirlpool by 2.0% during the third quarter. Dakota Wealth Management now owns 7,395 shares of the company's stock worth $791,000 after purchasing an additional 145 shares during the last quarter. Finally, Moors & Cabot Inc. boosted its holdings in Whirlpool by 2.2% during the third quarter. Moors & Cabot Inc. now owns 6,979 shares of the company's stock worth $747,000 after purchasing an additional 150 shares during the last quarter. 90.78% of the stock is owned by institutional investors.

Whirlpool Stock Down 0.3 %

WHR stock traded down $0.38 during midday trading on Friday, reaching $111.42. The company had a trading volume of 286,774 shares, compared to its average volume of 664,332. Whirlpool has a 1 year low of $84.18 and a 1 year high of $125.68. The company has a current ratio of 0.94, a quick ratio of 0.55 and a debt-to-equity ratio of 1.94. The company has a market capitalization of $6.14 billion, a P/E ratio of 10.99 and a beta of 1.44. The company has a 50 day moving average of $107.09 and a two-hundred day moving average of $100.37.

Whirlpool (NYSE:WHR - Get Free Report) last released its earnings results on Wednesday, October 23rd. The company reported $3.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.99 by $0.44. Whirlpool had a net margin of 3.19% and a return on equity of 21.41%. The company had revenue of $3.99 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter in the prior year, the firm earned $5.45 EPS. The company's revenue was down 18.9% compared to the same quarter last year. On average, equities research analysts expect that Whirlpool will post 12.27 earnings per share for the current fiscal year.

Whirlpool Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Friday, November 15th will be paid a $1.75 dividend. The ex-dividend date is Friday, November 15th. This represents a $7.00 dividend on an annualized basis and a yield of 6.28%. Whirlpool's payout ratio is presently 69.03%.

Whirlpool Company Profile

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.