Whirlpool (NYSE:WHR) Upgraded by Mizuho to Hold Rating

Mizuho upgraded shares of Whirlpool (NYSE:WHR) to a hold rating in a research report sent to investors on Monday,Zacks.com reports.

A number of other analysts have also weighed in on WHR. Zacks Research lowered Whirlpool from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 10th. BNP Paribas Exane raised shares of Whirlpool to a “neutral” rating in a research report on Monday, March 16th. Bank of America decreased their price target on shares of Whirlpool from $60.00 to $50.00 and set an “underperform” rating for the company in a research report on Monday. Stifel Nicolaus decreased their price target on shares of Whirlpool from $75.00 to $68.00 and set a “hold” rating for the company in a research report on Monday, March 2nd. Finally, JPMorgan Chase & Co. decreased their price target on shares of Whirlpool from $76.00 to $59.00 and set a “neutral” rating for the company in a research report on Friday, March 13th. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $76.13.

Whirlpool Stock Up 0.7%

Whirlpool stock opened at $57.22 on Monday. The business has a fifty day moving average of $63.66 and a two-hundred day moving average of $72.01. The company has a quick ratio of 0.40, a current ratio of 0.76 and a debt-to-equity ratio of 2.06. The firm has a market cap of $3.23 billion, a P/E ratio of 10.13, a P/E/G ratio of 2.79 and a beta of 1.30. Whirlpool has a twelve month low of $50.41 and a twelve month high of $111.96.

Whirlpool (NYSE:WHR) last posted its earnings results on Wednesday, January 28th. The company reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.44). The company had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.27 billion. Whirlpool had a return on equity of 12.98% and a net margin of 2.04%.The firm’s quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.57 EPS. Whirlpool has set its FY 2026 guidance at 7.000-7.000 EPS. On average, analysts forecast that Whirlpool will post 5.43 earnings per share for the current fiscal year.

Whirlpool Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Stockholders of record on Friday, February 27th were issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 6.3%. The ex-dividend date was Friday, February 27th. Whirlpool’s dividend payout ratio is currently 63.72%.

Institutional Trading of Whirlpool

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. lifted its holdings in shares of Whirlpool by 3.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,429,230 shares of the company’s stock valued at $175,245,000 after purchasing an additional 80,122 shares during the last quarter. Newport Trust Company LLC raised its position in shares of Whirlpool by 10.2% in the 4th quarter. Newport Trust Company LLC now owns 2,391,252 shares of the company’s stock valued at $172,505,000 after purchasing an additional 221,564 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Whirlpool by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 1,279,044 shares of the company’s stock valued at $92,472,000 after purchasing an additional 29,162 shares during the last quarter. Causeway Capital Management LLC raised its position in shares of Whirlpool by 42.3% in the 3rd quarter. Causeway Capital Management LLC now owns 617,039 shares of the company’s stock valued at $48,499,000 after purchasing an additional 183,496 shares during the last quarter. Finally, RWWM Inc. raised its position in shares of Whirlpool by 68.4% in the 3rd quarter. RWWM Inc. now owns 555,380 shares of the company’s stock valued at $43,653,000 after purchasing an additional 225,513 shares during the last quarter. Hedge funds and other institutional investors own 90.78% of the company’s stock.

About Whirlpool

Whirlpool Corporation is a leading global manufacturer and marketer of home appliances, with a product portfolio that spans major categories such as laundry, refrigeration, cooking, dishwashing and small electrics. Headquartered in Benton Harbor, Michigan, the company designs, produces and distributes its appliances through a network of wholly owned manufacturing facilities, joint ventures and third-party partners. Whirlpool serves both retail and professional markets, offering products under its flagship Whirlpool brand as well as several well-known names including Maytag, KitchenAid, JennAir, Amana, Brastemp and Consul.

In its laundry segment, Whirlpool provides top- and front-load washing machines, dryers and combination units designed to balance energy efficiency, capacity and convenience.