Whirlpool (WHR) Upgraded to Buy at ValuEngine

ValuEngine upgraded shares of Whirlpool (NYSE:WHR) from a hold rating to a buy rating in a research note published on Tuesday.

Several other research analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Whirlpool from a hold rating to a strong sell rating in a research note on Friday, October 27th. Credit Suisse Group set a $187.00 target price on shares of Whirlpool and gave the stock a neutral rating in a research note on Tuesday, October 24th. Royal Bank Of Canada downgraded shares of Whirlpool from a top pick rating to a sector perform rating and dropped their target price for the stock from $209.00 to $184.00 in a research note on Tuesday, October 24th. Bank of America downgraded shares of Whirlpool from a buy rating to a neutral rating and set a $183.00 target price on the stock. in a research note on Tuesday, October 24th. Finally, MKM Partners set a $177.00 target price on shares of Whirlpool and gave the stock a hold rating in a research note on Friday, October 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $183.60.

Whirlpool (WHR) traded down $0.51 during trading hours on Tuesday, reaching $169.12. 693,400 shares of the company traded hands, compared to its average volume of 852,214. Whirlpool has a 1-year low of $158.80 and a 1-year high of $202.99. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.90 and a quick ratio of 0.55. The company has a market capitalization of $12,190.08, a price-to-earnings ratio of 12.11, a P/E/G ratio of 1.71 and a beta of 1.88.

Whirlpool (NYSE:WHR) last posted its quarterly earnings data on Monday, October 23rd. The company reported $3.83 EPS for the quarter, missing the consensus estimate of $3.90 by ($0.07). The business had revenue of $5.42 billion for the quarter, compared to the consensus estimate of $5.50 billion. Whirlpool had a return on equity of 18.45% and a net margin of 3.76%. The company’s revenue was up 3.2% on a year-over-year basis. During the same period in the previous year, the firm earned $3.66 EPS. analysts anticipate that Whirlpool will post 13.7 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 17th will be paid a $1.10 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $4.40 annualized dividend and a dividend yield of 2.60%. Whirlpool’s dividend payout ratio is presently 41.47%.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Dupont Capital Management Corp purchased a new position in shares of Whirlpool during the second quarter valued at approximately $100,000. Sun Life Financial INC raised its holdings in shares of Whirlpool by 7,628.6% during the second quarter. Sun Life Financial INC now owns 541 shares of the company’s stock valued at $104,000 after purchasing an additional 534 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Whirlpool by 26.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 644 shares of the company’s stock valued at $123,000 after purchasing an additional 135 shares during the last quarter. Valeo Financial Advisors LLC purchased a new position in shares of Whirlpool during the third quarter valued at approximately $129,000. Finally, Westwood Holdings Group Inc. purchased a new position in shares of Whirlpool during the second quarter valued at approximately $153,000. Hedge funds and other institutional investors own 92.74% of the company’s stock.

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Whirlpool 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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