Analysts Set Whirlpool Corp. (WHR) PT at $200.75

Shares of Whirlpool Corp. (NYSE:WHR) have received an average recommendation of “Hold” from the eight brokerages that are currently covering the company. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $200.75.

WHR has been the topic of several research reports. Zacks Investment Research downgraded shares of Whirlpool Corp. from a “hold” rating to a “sell” rating in a report on Thursday, September 29th. Gabelli downgraded shares of Whirlpool Corp. from a “buy” rating to a “hold” rating in a report on Monday, September 12th. Raymond James Financial Inc. downgraded shares of Whirlpool Corp. from a “strong-buy” rating to a “hold” rating in a report on Monday, July 25th. MKM Partners increased their price target on shares of Whirlpool Corp. from $204.00 to $215.00 and gave the stock a “buy” rating in a report on Monday, July 25th. Finally, Bank of America Corp. reiterated a “buy” rating on shares of Whirlpool Corp. in a report on Wednesday, June 29th.

In other news, insider David T. Szczupak sold 10,307 shares of the stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $181.33, for a total transaction of $1,868,968.31. Following the transaction, the insider now owns 4,807 shares in the company, valued at approximately $871,653.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Marc R. Bitzer sold 1,012 shares of the stock in a transaction that occurred on Tuesday, August 2nd. The shares were sold at an average price of $190.00, for a total value of $192,280.00. Following the transaction, the insider now owns 1,012 shares in the company, valued at approximately $192,280. The disclosure for this sale can be found here. Insiders own 2.62% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Glenmede Trust Co. NA raised its position in shares of Whirlpool Corp. by 822.4% in the first quarter. Glenmede Trust Co. NA now owns 1,771 shares of the company’s stock worth $318,000 after buying an additional 1,579 shares during the period. IFP Advisors Inc raised its position in shares of Whirlpool Corp. by 6.2% in the first quarter. IFP Advisors Inc now owns 619 shares of the company’s stock worth $112,000 after buying an additional 36 shares during the period. Ngam Advisors L.P. raised its position in shares of Whirlpool Corp. by 30.0% in the first quarter. Ngam Advisors L.P. now owns 20,351 shares of the company’s stock worth $3,670,000 after buying an additional 4,691 shares during the period. Teachers Advisors Inc. raised its position in shares of Whirlpool Corp. by 8.7% in the first quarter. Teachers Advisors Inc. now owns 88,516 shares of the company’s stock worth $15,963,000 after buying an additional 7,101 shares during the period. Finally, Columbia Partners L L C Investment Management acquired a new position in shares of Whirlpool Corp. during the first quarter worth about $1,059,000. Hedge funds and other institutional investors own 89.55% of the company’s stock.

Whirlpool Corp. (NYSE:WHR) opened at 160.75 on Wednesday. Whirlpool Corp. has a 12-month low of $123.60 and a 12-month high of $194.10. The stock has a 50 day moving average of $167.14 and a 200 day moving average of $175.80. The stock has a market cap of $12.13 billion, a P/E ratio of 14.25 and a beta of 1.61.

Whirlpool Corp. (NYSE:WHR) last issued its quarterly earnings results on Friday, July 22nd. The company reported $3.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $3.37 by $0.13. Whirlpool Corp. had a net margin of 4.29% and a return on equity of 18.68%. The company had revenue of $5.21 billion for the quarter, compared to the consensus estimate of $5.13 billion. During the same quarter in the prior year, the company earned $2.70 EPS. Whirlpool Corp.’s quarterly revenue was down .2% on a year-over-year basis. On average, equities research analysts anticipate that Whirlpool Corp. will post $14.69 earnings per share for the current fiscal year.

About Whirlpool Corp.

Whirlpool Corporation is a manufacturer and marketer of home appliances. The Company manufactures products in approximately 15 countries and markets products around the world under brand names, such as Whirlpool, KitchenAid, Maytag, Consul, Brastemp, Amana, Bauknecht, Jenn-Air and Indesit. The Company’s segments include North America, Latin America, EMEA (Europe, Middle East and Africa) and Asia.

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