Whirlpool (NYSE:WHR) Stock Bumped Down to “Strong Sell” by Zacks Research

Zacks Research lowered shares of Whirlpool (NYSE:WHR) from a hold rating to a strong sell rating in a report issued on Monday,Zacks reports.

Several other equities research analysts have also recently weighed in on WHR. Wall Street Zen raised Whirlpool from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 8th. Weiss Ratings reissued a “sell (d)” rating on shares of Whirlpool in a research report on Wednesday, August 5th. Bank of America dropped their price target on shares of Whirlpool from $38.00 to $31.00 and set an “underperform” rating on the stock in a research report on Friday, September 11th. Raymond James Financial reissued a “market perform” rating on shares of Whirlpool in a research note on Wednesday, August 19th. Finally, Mizuho decreased their price target on Whirlpool from $45.00 to $40.00 and set a “neutral” rating for the company in a report on Tuesday, July 21st. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $45.44.

Whirlpool Stock Up 0.5%

WHR stock opened at $30.18 on Monday. The business has a 50-day simple moving average of $37.33 and a 200 day simple moving average of $42.54. The company has a market cap of $1.97 billion, a PE ratio of 10.34, a price-to-earnings-growth ratio of 13.35 and a beta of 1.21. The company has a quick ratio of 0.71, a current ratio of 1.15 and a debt-to-equity ratio of 1.74. Whirlpool has a 52 week low of $29.49 and a 52 week high of $94.82.

Whirlpool (NYSE:WHR) last posted its quarterly earnings results on Monday, August 3rd. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.15). The business had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.55 billion. Whirlpool had a return on equity of 4.18% and a net margin of 1.17%.Whirlpool’s quarterly revenue was down 6.8% on a year-over-year basis. During the same period last year, the firm posted $1.34 EPS. Whirlpool has set its FY 2026 guidance at 2.500-3.000 EPS. Sell-side analysts anticipate that Whirlpool will post 2.25 EPS for the current fiscal year.

Hedge Funds Weigh In On Whirlpool

A number of large investors have recently made changes to their positions in WHR. Primecap Management Co. CA purchased a new stake in shares of Whirlpool in the 2nd quarter valued at about $141,801,000. RWWM Inc. grew its holdings in shares of Whirlpool by 191.6% during the first quarter. RWWM Inc. now owns 2,422,618 shares of the company’s stock worth $130,628,000 after purchasing an additional 1,591,849 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in shares of Whirlpool in the second quarter worth approximately $61,003,000. Nykredit A S bought a new position in shares of Whirlpool in the second quarter worth approximately $51,953,000. Finally, Norges Bank purchased a new stake in Whirlpool in the fourth quarter valued at approximately $31,959,000. 90.78% of the stock is owned by institutional investors.

About Whirlpool

Whirlpool Corporation is a global manufacturer and marketer of home appliances, serving consumers through a portfolio of well-known brands that includes Whirlpool, Maytag, KitchenAid, Amana and JennAir. Its products are sold through retailers, distributors and other channels to residential customers in multiple markets.

The company’s primary product categories include refrigerators and freezers, cooking appliances, dishwashers, washing machines and dryers. Through KitchenAid and other brands, Whirlpool also offers small domestic appliances and related products designed for food preparation and household use.

Whirlpool traces its history to 1911, when the Upton Machine Company began producing electric washing machines.