Whirlpool (NYSE:WHR) Upgraded to “Hold” at ValuEngine

ValuEngine upgraded shares of Whirlpool (NYSE:WHR) from a sell rating to a hold rating in a report released on Tuesday morning, ValuEngine reports.

A number of other equities research analysts also recently issued reports on WHR. Raymond James reissued a hold rating on shares of Whirlpool in a research report on Monday, March 18th. Zacks Investment Research raised Whirlpool from a sell rating to a hold rating in a research report on Thursday, April 4th. Finally, Longbow Research raised Whirlpool from a neutral rating to a buy rating and set a $178.00 price target for the company in a research report on Friday, May 10th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. Whirlpool presently has an average rating of Hold and an average price target of $137.94.

Shares of NYSE:WHR opened at $135.68 on Tuesday. Whirlpool has a 52 week low of $99.40 and a 52 week high of $156.51. The company has a quick ratio of 0.53, a current ratio of 0.83 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $8.24 billion, a PE ratio of 8.95, a price-to-earnings-growth ratio of 1.66 and a beta of 1.68.

Whirlpool (NYSE:WHR) last posted its quarterly earnings results on Monday, April 22nd. The company reported $3.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.04 by $0.07. Whirlpool had a return on equity of 30.17% and a net margin of 0.93%. The firm had revenue of $4.76 billion during the quarter, compared to the consensus estimate of $4.83 billion. During the same quarter in the previous year, the business earned $2.81 earnings per share. The firm’s quarterly revenue was down 3.1% compared to the same quarter last year. On average, research analysts anticipate that Whirlpool will post 14.68 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Saturday, June 15th. Shareholders of record on Friday, May 17th will be given a dividend of $1.20 per share. This represents a $4.80 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date is Thursday, May 16th. This is an increase from Whirlpool’s previous quarterly dividend of $1.15. Whirlpool’s payout ratio is 31.66%.

Hedge funds have recently bought and sold shares of the business. Regentatlantic Capital LLC purchased a new stake in shares of Whirlpool in the first quarter worth about $236,000. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Whirlpool in the first quarter worth about $328,000. Miramar Capital LLC purchased a new stake in shares of Whirlpool in the fourth quarter worth about $308,000. Geode Capital Management LLC boosted its position in shares of Whirlpool by 7.2% in the fourth quarter. Geode Capital Management LLC now owns 857,618 shares of the company’s stock worth $91,496,000 after buying an additional 57,356 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of Whirlpool by 8.0% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 21,880 shares of the company’s stock worth $2,338,000 after buying an additional 1,614 shares during the period. 94.16% of the stock is owned by hedge funds and other institutional investors.

Whirlpool Company Profile

Whirlpool Corporation manufactures and markets home appliances and related products. It operates through four segments: North America; Europe, Middle East and Africa; Latin America; and Asia. The company's principal products include refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances and related laundry accessories; cooking appliances and other small domestic appliances; and dishwasher appliances and related accessories.

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Analyst Recommendations for Whirlpool (NYSE:WHR)

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