Whirlpool Co. (NYSE:WHR) Receives Average Rating of “Hold” from Brokerages

Whirlpool Co. (NYSE:WHR) has received a consensus recommendation of “Hold” from the nine analysts that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $195.14.

A number of brokerages recently commented on WHR. Royal Bank of Canada upped their price target on shares of Whirlpool from $201.00 to $210.00 and gave the company a “sector perform” rating in a research note on Friday, April 23rd. JPMorgan Chase & Co. upped their price target on shares of Whirlpool from $258.00 to $261.00 and gave the company an “overweight” rating in a research note on Wednesday, April 7th.

Shares of WHR stock traded up $3.01 on Friday, hitting $225.66. The stock had a trading volume of 20,144 shares, compared to its average volume of 697,359. The firm has a market cap of $14.13 billion, a price-to-earnings ratio of 10.55, a P/E/G ratio of 1.28 and a beta of 1.88. Whirlpool has a twelve month low of $116.57 and a twelve month high of $257.68. The company has a fifty day simple moving average of $237.58. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.92 and a current ratio of 1.23.

Whirlpool (NYSE:WHR) last issued its quarterly earnings results on Tuesday, April 20th. The company reported $7.20 EPS for the quarter, topping the consensus estimate of $5.38 by $1.82. The firm had revenue of $5.36 billion for the quarter, compared to analysts’ expectations of $4.76 billion. Whirlpool had a net margin of 6.65% and a return on equity of 32.25%. The company’s revenue for the quarter was up 23.9% on a year-over-year basis. During the same period in the previous year, the firm posted $2.82 EPS. Research analysts expect that Whirlpool will post 24 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 15th. Investors of record on Friday, May 21st will be paid a $1.40 dividend. This is an increase from Whirlpool’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend is Thursday, May 20th. This represents a $5.60 annualized dividend and a yield of 2.48%. Whirlpool’s dividend payout ratio is presently 30.19%.

In other news, EVP Gilles Morel sold 5,086 shares of the firm’s stock in a transaction on Friday, April 23rd. The shares were sold at an average price of $240.23, for a total transaction of $1,221,809.78. Following the completion of the transaction, the executive vice president now owns 2,293 shares of the company’s stock, valued at $550,847.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO James W. Peters sold 9,000 shares of the firm’s stock in a transaction on Monday, May 10th. The shares were sold at an average price of $252.44, for a total transaction of $2,271,960.00. Following the transaction, the chief financial officer now directly owns 18,995 shares of the company’s stock, valued at approximately $4,795,097.80. The disclosure for this sale can be found here. Insiders have sold 210,609 shares of company stock valued at $50,730,909 in the last ninety days. Insiders own 1.35% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of WHR. Amundi Pioneer Asset Management Inc. increased its position in shares of Whirlpool by 255.8% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 131,570 shares of the company’s stock worth $17,483,000 after buying an additional 94,587 shares during the period. Dupont Capital Management Corp increased its position in shares of Whirlpool by 55.2% during the fourth quarter. Dupont Capital Management Corp now owns 3,182 shares of the company’s stock worth $574,000 after buying an additional 1,132 shares during the period. Comerica Bank increased its position in shares of Whirlpool by 24.1% during the fourth quarter. Comerica Bank now owns 24,575 shares of the company’s stock worth $4,870,000 after buying an additional 4,768 shares during the period. Creative Planning increased its position in shares of Whirlpool by 22.0% during the fourth quarter. Creative Planning now owns 3,604 shares of the company’s stock worth $650,000 after buying an additional 649 shares during the period. Finally, Assenagon Asset Management S.A. grew its holdings in Whirlpool by 160.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 43,586 shares of the company’s stock worth $7,867,000 after purchasing an additional 26,835 shares during the period. Institutional investors own 89.70% of the company’s stock.

Whirlpool Company Profile

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

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Analyst Recommendations for Whirlpool (NYSE:WHR)

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