Whirlpool Co. (NYSE:WHR) Receives $214.86 Average Price Target from Analysts

Whirlpool Co. (NYSE:WHR) has been assigned an average rating of “Hold” from the seven ratings firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $214.86.

Several equities research analysts have recently weighed in on the company. The Goldman Sachs Group reiterated a “buy” rating and issued a $220.17 price target on shares of Whirlpool in a report on Tuesday, July 27th. Royal Bank of Canada raised their price objective on Whirlpool from $210.00 to $222.00 and gave the stock a “sector perform” rating in a research report on Friday, July 23rd. Finally, Zacks Investment Research raised Whirlpool from a “hold” rating to a “buy” rating and set a $225.00 price objective for the company in a research report on Tuesday, July 20th.

In other Whirlpool news, VP Christopher S. Conley sold 455 shares of the stock in a transaction dated Tuesday, July 27th. The shares were sold at an average price of $217.05, for a total value of $98,757.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gary T. Dicamillo sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, August 2nd. The stock was sold at an average price of $223.26, for a total transaction of $223,260.00. The disclosure for this sale can be found here. 1.35% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Laurel Wealth Advisors LLC acquired a new position in shares of Whirlpool in the 2nd quarter valued at $27,000. Quantbot Technologies LP purchased a new stake in Whirlpool during the 1st quarter worth $33,000. Berman Capital Advisors LLC increased its stake in Whirlpool by 63.7% during the 2nd quarter. Berman Capital Advisors LLC now owns 167 shares of the company’s stock worth $36,000 after buying an additional 65 shares during the period. Denali Advisors LLC bought a new stake in shares of Whirlpool in the 3rd quarter worth about $41,000. Finally, Koshinski Asset Management Inc. bought a new stake in shares of Whirlpool in the 3rd quarter worth about $54,000. Hedge funds and other institutional investors own 89.73% of the company’s stock.

Whirlpool stock traded up $6.28 during mid-day trading on Friday, reaching $204.53. 33,977 shares of the stock traded hands, compared to its average volume of 645,085. The stock has a market capitalization of $12.82 billion, a PE ratio of 6.82, a price-to-earnings-growth ratio of 1.01 and a beta of 1.83. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.20 and a quick ratio of 0.86. Whirlpool has a 12-month low of $171.33 and a 12-month high of $257.68. The business’s 50-day moving average is $215.86 and its 200-day moving average is $224.43.

Whirlpool (NYSE:WHR) last released its quarterly earnings data on Tuesday, July 20th. The company reported $6.64 earnings per share for the quarter, topping analysts’ consensus estimates of $6.00 by $0.64. The firm had revenue of $5.32 billion during the quarter, compared to analyst estimates of $5.03 billion. Whirlpool had a return on equity of 36.26% and a net margin of 8.76%. The business’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.15 earnings per share. Equities analysts anticipate that Whirlpool will post 26.21 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 15th. Stockholders of record on Friday, August 27th were given a dividend of $1.40 per share. This represents a $5.60 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date was Thursday, August 26th. Whirlpool’s dividend payout ratio is currently 30.19%.

About Whirlpool

Whirlpool Corp. engages in manufacturing and marketing of home appliances. Its products include home laundry appliances, refrigerators and freezers, cooking appliances, home dishwashers, and room air-conditioning equipment, mixers, and portable household appliances. The company’s brands include Whirlpool, KitchenAid, Maytag, Consul, Brastemp, Amana, Bauknecht, JennAir, and Indesit.

Featured Story: What is a stock buyback?

Analyst Recommendations for Whirlpool (NYSE:WHR)

Receive News & Ratings for Whirlpool Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Whirlpool and related companies with MarketBeat.com's FREE daily email newsletter.