Traders Buy Whirlpool Corporation (WHR) on Weakness

Investors purchased shares of Whirlpool Corporation (NYSE:WHR) on weakness during trading on Tuesday. $35.37 million flowed into the stock on the tick-up and $18.73 million flowed out of the stock on the tick-down, for a money net flow of $16.64 million into the stock. Of all companies tracked, Whirlpool Corporation had the 27th highest net in-flow for the day. Whirlpool Corporation traded down ($0.46) for the day and closed at $173.19

A number of brokerages have recently commented on WHR. Zacks Investment Research lowered shares of Whirlpool Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Royal Bank Of Canada reissued a “top pick” rating and issued a $216.00 price target (down previously from $226.00) on shares of Whirlpool Corporation in a report on Tuesday, June 20th. BidaskClub lowered shares of Whirlpool Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Finally, Credit Suisse Group began coverage on shares of Whirlpool Corporation in a report on Thursday, June 22nd. They issued a “neutral” rating and a $208.00 price target on the stock. Six investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Whirlpool Corporation presently has a consensus rating of “Hold” and a consensus target price of $194.71.

The company has a 50-day moving average price of $185.00 and a 200 day moving average price of $180.80. The company has a market cap of $12.71 billion, a PE ratio of 17.43 and a beta of 1.79.

Whirlpool Corporation (NYSE:WHR) last released its earnings results on Wednesday, July 26th. The company reported $3.35 EPS for the quarter, missing the consensus estimate of $3.54 by $0.19. Whirlpool Corporation had a return on equity of 18.17% and a net margin of 3.61%. The company had revenue of $5.35 billion during the quarter, compared to analysts’ expectations of $5.35 billion. During the same period last year, the firm posted $3.50 EPS. Whirlpool Corporation’s quarterly revenue was up 2.9% compared to the same quarter last year. On average, equities research analysts expect that Whirlpool Corporation will post $14.64 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be issued a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 2.53%. The ex-dividend date is Wednesday, August 23rd. Whirlpool Corporation’s dividend payout ratio (DPR) is presently 44.04%.

Whirlpool Corporation announced that its Board of Directors has authorized a stock repurchase program on Wednesday, July 26th that allows the company to repurchase $2.35 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 16.7% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

In other Whirlpool Corporation news, Director William D. Perez purchased 1,000 shares of Whirlpool Corporation stock in a transaction that occurred on Monday, July 31st. The shares were bought at an average price 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 of the company’s stock, valued at approximately $1,280,796.27. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.69% of the company’s stock.

Large investors have recently made changes to their positions in the company. Dupont Capital Management Corp acquired a new stake in shares of Whirlpool Corporation during the second quarter valued at $100,000. Sun Life Financial INC boosted its stake in shares of Whirlpool Corporation by 7,628.6% in the second quarter. Sun Life Financial INC now owns 541 shares of the company’s stock valued at $104,000 after buying an additional 534 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Whirlpool Corporation by 26.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 644 shares of the company’s stock valued at $123,000 after buying an additional 135 shares in the last quarter. Westwood Holdings Group Inc. acquired a new stake in shares of Whirlpool Corporation during the second quarter valued at $153,000. Finally, Global X Management Co. LLC boosted its stake in shares of Whirlpool Corporation by 33.1% in the first quarter. Global X Management Co. LLC now owns 989 shares of the company’s stock valued at $169,000 after buying an additional 246 shares in the last quarter. Institutional investors own 94.26% of the company’s stock.

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About Whirlpool Corporation

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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