Whirlpool (NYSE:WHR) Price Target Increased to $103.00 by Analysts at Bank of America

Whirlpool (NYSE:WHR) had its target price boosted by Bank of America from $101.00 to $103.00 in a report published on Friday, Benzinga reports. They currently have an underperform rating on the stock.

Separately, Royal Bank of Canada cut their price target on Whirlpool from $79.00 to $76.00 and set an “underperform” rating for the company in a research note on Friday, July 26th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $107.00.

Whirlpool Stock Down 5.7 %

NYSE:WHR traded down $6.32 on Friday, hitting $104.05. 1,547,061 shares of the company’s stock traded hands, compared to its average volume of 1,201,430. The firm has a 50-day moving average price of $102.00 and a 200-day moving average price of $98.88. The company has a current ratio of 0.96, a quick ratio of 0.58 and a debt-to-equity ratio of 1.88. The company has a market cap of $5.71 billion, a PE ratio of 10.76 and a beta of 1.44. Whirlpool has a 1 year low of $84.18 and a 1 year high of $125.68.

Whirlpool (NYSE:WHR) 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 2.89% and a return on equity of 27.67%. 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. Equities analysts anticipate that Whirlpool will post 11.24 EPS for the current fiscal year.

Whirlpool Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Friday, November 15th will be paid a dividend of $1.75 per share. The ex-dividend date is Friday, November 15th. This represents a $7.00 annualized dividend and a dividend yield of 6.73%. Whirlpool’s dividend payout ratio (DPR) is presently 72.39%.

Insider Activity

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

Institutional Trading of Whirlpool

Several hedge funds have recently added to or reduced their stakes in the business. Kingswood Wealth Advisors LLC bought a new stake in shares of Whirlpool in the first quarter valued at approximately $261,000. Westhampton Capital LLC increased its holdings in shares of Whirlpool by 78.2% during the 1st quarter. Westhampton Capital LLC now owns 9,400 shares of the company’s stock worth $1,125,000 after purchasing an additional 4,125 shares during the period. IVC Wealth Advisors LLC acquired a new position in shares of Whirlpool during the first quarter valued at about $204,000. Strategic Advisors LLC lifted its stake in shares of Whirlpool by 4.7% in the first quarter. Strategic Advisors LLC now owns 6,074 shares of the company’s stock valued at $727,000 after buying an additional 274 shares during the period. Finally, Commonwealth Equity Services LLC grew its position in Whirlpool by 23.3% during the first quarter. Commonwealth Equity Services LLC now owns 47,799 shares of the company’s stock worth $5,718,000 after buying an additional 9,041 shares in the last quarter. Institutional investors own 90.78% of the company’s stock.

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.