Whirlpool Co. (WHR) Receives $138.77 Average PT from Brokerages

Shares of Whirlpool Co. (NYSE:WHR) have been given a consensus rating of “Hold” by the twelve research firms that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $138.77.

A number of research firms have recently commented on WHR. Zacks Investment Research upgraded Whirlpool from a “sell” rating to a “hold” rating in a research note on Thursday, April 4th. Raymond James reiterated a “hold” rating on shares of Whirlpool in a research note on Monday, March 18th. Royal Bank of Canada lowered Whirlpool from a “sector perform” rating to an “underperform” rating and set a $134.60 price objective on the stock. in a research note on Wednesday, January 30th. Finally, Buckingham Research began coverage on Whirlpool in a research note on Wednesday, January 23rd. They issued a “neutral” rating and a $135.00 price objective on the stock.

In other news, Director Michael F. Johnston sold 2,845 shares of Whirlpool stock in a transaction dated Friday, February 1st. The stock was sold at an average price of $133.54, for a total value of $379,921.30. Following the transaction, the director now directly owns 6,550 shares in the company, valued at $874,687. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.91% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. Murphy Pohlad Asset Management LLC bought a new position in Whirlpool during the fourth quarter valued at about $26,000. Truvestments Capital LLC bought a new position in Whirlpool during the first quarter valued at about $28,000. Oregon Public Employees Retirement Fund increased its stake in Whirlpool by 9,212.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 3,303,672 shares of the company’s stock valued at $31,000 after acquiring an additional 3,268,195 shares during the period. Massey Quick Simon & CO. LLC bought a new position in Whirlpool during the fourth quarter valued at about $32,000. Finally, WealthTrust Arizona LLC bought a new position in Whirlpool during the fourth quarter valued at about $32,000. Hedge funds and other institutional investors own 93.42% of the company’s stock.

Shares of NYSE:WHR opened at $139.06 on Tuesday. Whirlpool has a fifty-two week low of $99.40 and a fifty-two week high of $167.54. The stock has a market capitalization of $8.85 billion, a price-to-earnings ratio of 9.17, a P/E/G ratio of 1.94 and a beta of 1.61. The company has a quick ratio of 0.55, a current ratio of 0.82 and a debt-to-equity ratio of 1.26.

Whirlpool (NYSE:WHR) last posted its quarterly earnings data on Monday, January 28th. The company reported $4.75 EPS for the quarter, topping analysts’ consensus estimates of $4.30 by $0.45. The business had revenue of $5.66 billion for the quarter, compared to analyst estimates of $5.76 billion. Whirlpool had a positive return on equity of 27.24% and a negative net margin of 0.87%. The firm’s revenue for the quarter was down .7% on a year-over-year basis. During the same period in the previous year, the company posted $4.10 earnings per share. As a group, analysts predict that Whirlpool will post 14.6 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, June 15th. Stockholders of record on Friday, May 17th will be paid a $1.20 dividend. The ex-dividend date of this dividend is Thursday, May 16th. This is a positive change from Whirlpool’s previous quarterly dividend of $1.15. This represents a $4.80 dividend on an annualized basis and a dividend yield of 3.45%. Whirlpool’s payout ratio is presently 30.34%.

About Whirlpool

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 appliances and other small domestic appliances; and dishwasher appliances and related accessories.

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Analyst Recommendations for Whirlpool (NYSE:WHR)

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