Whirlpool Co. (NYSE:WHR) has earned a consensus recommendation of “Hold” from the ten research firms that are presently covering the company, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $189.40.
Several equities research analysts have commented on WHR shares. Raymond James Financial upgraded Whirlpool from a “market perform” rating to an “outperform” rating and set a $200.00 target price on the stock in a research note on Friday, January 26th. Royal Bank of Canada upped their price objective on Whirlpool to $200.00 and gave the stock an “in-line” rating in a research note on Monday, January 29th. ValuEngine raised Whirlpool from a “hold” rating to a “buy” rating in a report on Tuesday, December 5th. Zacks Investment Research raised Whirlpool from a “sell” rating to a “hold” rating in a report on Thursday, January 25th. Finally, KeyCorp reaffirmed an “equal weight” rating on shares of Whirlpool in a report on Monday, January 29th.
A number of institutional investors have recently bought and sold shares of the business. Cambridge Investment Research Advisors Inc. raised its position in Whirlpool by 6.7% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 15,254 shares of the company’s stock valued at $2,572,000 after purchasing an additional 958 shares during the last quarter. Colonial Trust Advisors raised its position in Whirlpool by 20.8% in the fourth quarter. Colonial Trust Advisors now owns 25,016 shares of the company’s stock valued at $4,219,000 after purchasing an additional 4,313 shares during the last quarter. Xact Kapitalforvaltning AB raised its position in shares of Whirlpool by 6.4% during the fourth quarter. Xact Kapitalforvaltning AB now owns 12,830 shares of the company’s stock worth $2,164,000 after acquiring an additional 776 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. raised its position in shares of Whirlpool by 39.3% during the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 5,317 shares of the company’s stock worth $897,000 after acquiring an additional 1,500 shares during the last quarter. Finally, Fairpointe Capital LLC raised its position in shares of Whirlpool by 30.0% during the fourth quarter. Fairpointe Capital LLC now owns 604,409 shares of the company’s stock worth $101,928,000 after acquiring an additional 139,584 shares during the last quarter. Hedge funds and other institutional investors own 90.19% of the company’s stock.
Whirlpool (NYSE:WHR) last issued its quarterly earnings data on Wednesday, January 24th. The company reported $4.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $4.01 by $0.09. Whirlpool had a return on equity of 18.36% and a net margin of 1.65%. The business had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.88 billion. During the same period in the previous year, the firm earned $4.33 EPS. Whirlpool’s quarterly revenue was up .8% compared to the same quarter last year. equities research analysts expect that Whirlpool will post 15.31 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Friday, March 2nd will be given a $1.10 dividend. The ex-dividend date of this dividend is Thursday, March 1st. This represents a $4.40 annualized dividend and a yield of 2.68%. Whirlpool’s dividend payout ratio is presently 96.49%.
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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