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

Whirlpool logo with Consumer Discretionary background

Shares of Whirlpool Co. (NYSE:WHR - Get Free Report) have been given an average recommendation of "Reduce" by the four brokerages that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $106.50.

A number of brokerages recently issued reports on WHR. Bank of America upped their price objective on shares of Whirlpool from $101.00 to $103.00 and gave the company an "underperform" rating in a report on Friday, October 25th. JPMorgan Chase & Co. raised their price target on shares of Whirlpool from $103.00 to $109.00 and gave the stock a "neutral" rating in a report on Tuesday, October 29th. Finally, Royal Bank of Canada lowered their price objective on Whirlpool from $76.00 to $74.00 and set an "underperform" rating for the company in a research report on Friday, October 25th.

Check Out Our Latest Stock Analysis on Whirlpool

Insider Buying and Selling at Whirlpool

In other news, CFO James W. Peters sold 6,000 shares of the stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $104.48, for a total value of $626,880.00. Following the completion of 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 represents a 12.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.05% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Whirlpool

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its stake in Whirlpool by 46.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 981,472 shares of the company's stock valued at $100,304,000 after buying an additional 312,729 shares during the period. RWWM Inc. purchased a new stake in shares of Whirlpool in the second quarter valued at about $30,174,000. Newport Trust Company LLC increased its stake in shares of Whirlpool by 23.8% during the second quarter. Newport Trust Company LLC now owns 1,402,941 shares of the company's stock worth $143,381,000 after acquiring an additional 269,976 shares during the period. AQR Capital Management LLC raised its holdings in Whirlpool by 240.9% during the second quarter. AQR Capital Management LLC now owns 375,613 shares of the company's stock worth $38,125,000 after purchasing an additional 265,418 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Whirlpool by 14.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,019,569 shares of the company's stock valued at $216,094,000 after purchasing an additional 258,871 shares during the period. Hedge funds and other institutional investors own 90.78% of the company's stock.

Whirlpool Price Performance

WHR traded up $0.82 during midday trading on Wednesday, hitting $116.55. 176,386 shares of the company traded hands, compared to its average volume of 1,123,902. The business has a 50 day simple moving average of $111.32 and a two-hundred day simple moving average of $103.78. Whirlpool has a 52-week low of $84.18 and a 52-week high of $126.30. The company has a market capitalization of $6.43 billion, a price-to-earnings ratio of 11.49 and a beta of 1.46. The company has a current ratio of 0.94, a quick ratio of 0.55 and a debt-to-equity ratio of 1.94.

Whirlpool (NYSE:WHR - Get Free Report) last issued its quarterly 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 return on equity of 21.41% and a net margin of 3.19%. The firm had revenue of $3.99 billion for the quarter, compared to analyst estimates of $4.09 billion. During the same period in the previous year, the company posted $5.45 earnings per share. The business's revenue was down 18.9% on a year-over-year basis. On average, equities analysts forecast that Whirlpool will post 12.27 earnings per share for the current fiscal year.

Whirlpool Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Sunday, December 15th. Investors of record on Friday, November 15th were given a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a dividend yield of 6.01%. The ex-dividend date of this dividend was Friday, November 15th. Whirlpool's dividend payout ratio (DPR) is 69.03%.

Whirlpool Company Profile

(Get Free Report

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.

Further Reading

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