WHR has been the topic of several other research reports. Credit Suisse Group initiated coverage on shares of Whirlpool Corporation in a report on Thursday, June 22nd. They issued a neutral rating and a $208.00 target price on the stock. ValuEngine raised shares of Whirlpool Corporation from a hold rating to a buy rating in a report on Monday, October 2nd. BidaskClub lowered shares of Whirlpool Corporation from a buy rating to a hold rating in a research note on Wednesday, August 2nd. Zacks Investment Research lowered shares of Whirlpool Corporation from a buy rating to a hold rating in a research note on Friday, July 28th. Finally, Royal Bank Of Canada reiterated a top pick rating and issued a $216.00 price target (down from $226.00) on shares of Whirlpool Corporation in a research note on Tuesday, June 20th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $192.17.
Whirlpool Corporation (NYSE:WHR) opened at 179.96 on Friday. The stock has a market cap of $13.13 billion, a P/E ratio of 18.01 and a beta of 1.76. Whirlpool Corporation has a 12 month low of $145.91 and a 12 month high of $202.99. The stock has a 50 day moving average of $174.74 and a 200-day moving average of $180.51.
Whirlpool Corporation (NYSE:WHR) last issued its earnings results on Wednesday, July 26th. The company reported $3.35 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $3.54 by ($0.19). The firm had revenue of $5.35 billion during the quarter, compared to analyst estimates of $5.35 billion. Whirlpool Corporation had a net margin of 3.61% and a return on equity of 18.17%. The firm’s revenue was up 2.9% compared to the same quarter last year. During the same period last year, the business earned $3.50 EPS. On average, equities analysts forecast that Whirlpool Corporation will post $14.64 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, August 25th were paid a $1.10 dividend. The ex-dividend date was Wednesday, August 23rd. This represents a $4.40 annualized dividend and a yield of 2.44%. Whirlpool Corporation’s dividend payout ratio is currently 44.04%.
Whirlpool Corporation declared that its Board of Directors has initiated a share repurchase program on Wednesday, July 26th that allows the company to buyback $2.35 billion in outstanding shares. This buyback authorization allows the company to purchase up to 16.7% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.
In other Whirlpool Corporation news, Director William D. Perez bought 1,000 shares of the stock in a transaction dated Monday, July 31st. The shares were acquired at an average cost of $176.93 per share, for a total transaction of $176,930.00. Following the completion of the transaction, the director now owns 7,239 shares in the company, valued at approximately $1,280,796.27. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 2.69% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. Dupont Capital Management Corp purchased a new position in shares of Whirlpool Corporation during the second quarter worth approximately $100,000. Sun Life Financial INC grew its position in shares of Whirlpool Corporation by 7,628.6% during the second quarter. Sun Life Financial INC now owns 541 shares of the company’s stock worth $104,000 after acquiring an additional 534 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of Whirlpool Corporation by 26.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 644 shares of the company’s stock worth $123,000 after acquiring an additional 135 shares during the last quarter. Westwood Holdings Group Inc. purchased a new position in shares of Whirlpool Corporation during the second quarter worth approximately $153,000. Finally, Global X Management Co. LLC grew its position in shares of Whirlpool Corporation by 33.1% during the first quarter. Global X Management Co. LLC now owns 989 shares of the company’s stock worth $169,000 after acquiring an additional 246 shares during the last quarter. Institutional investors and hedge funds own 91.47% of the company’s stock.
Whirlpool Corporation Company Profile
Whirlpool Corporation is a manufacturer and marketer of home appliances. The Company’s segments include North America; Europe, Middle East and Africa (EMEA); Latin America, and Asia. In North America, the Company markets and distributes home appliances and small domestic appliances under a range of brand names.
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