Whirlpool (WHR) Lowered to “Sell” at Goldman Sachs

Goldman Sachs downgraded shares of Whirlpool (NYSE:WHR) from a neutral rating to a sell rating in a report released on Wednesday, MarketBeat.com reports.

A number of other research analysts also recently weighed in on the company. Raymond James Financial raised Whirlpool from a market perform rating to an outperform rating and set a $200.00 price objective on the stock in a research note on Friday, January 26th. Royal Bank of Canada raised their price objective on Whirlpool to $200.00 and gave the company 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 research note on Tuesday, December 5th. Zacks Investment Research raised Whirlpool from a sell rating to a hold rating in a research note on Thursday, January 25th. Finally, KeyCorp reissued an equal weight rating on shares of Whirlpool in a research note on Monday, January 29th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. Whirlpool presently has an average rating of Hold and a consensus price target of $189.40.

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Shares of WHR stock opened at $148.52 on Wednesday. The company has a current ratio of 0.93, a quick ratio of 0.58 and a debt-to-equity ratio of 0.86. Whirlpool has a twelve month low of $145.59 and a twelve month high of $202.99. The company has a market capitalization of $10,787.72, a P/E ratio of 10.81, a P/E/G ratio of 0.83 and a beta of 1.84.

Whirlpool (NYSE:WHR) last issued its quarterly earnings data on Wednesday, January 24th. The company reported $4.10 earnings per share for the quarter, beating the Zacks’ 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 for the quarter, compared to the consensus estimate of $5.88 billion. During the same period last year, the business earned $4.33 EPS. The firm’s revenue was up .8% compared to the same quarter last year. research analysts forecast that Whirlpool will post 15.31 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Shareholders of record on Friday, March 2nd were given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 2.96%. The ex-dividend date of this dividend was Thursday, March 1st. Whirlpool’s dividend payout ratio is currently 32.02%.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Boyd Watterson Asset Management LLC OH increased its position in Whirlpool by 5.3% in the 4th quarter. Boyd Watterson Asset Management LLC OH now owns 5,968 shares of the company’s stock worth $1,006,000 after buying an additional 301 shares during the period. Sheaff Brock Investment Advisors LLC increased its position in Whirlpool by 1.0% in the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 31,992 shares of the company’s stock worth $5,395,000 after buying an additional 313 shares during the period. Norinchukin Bank The increased its position in Whirlpool by 5.8% in the 4th quarter. Norinchukin Bank The now owns 5,746 shares of the company’s stock worth $969,000 after buying an additional 315 shares during the period. Condor Capital Management increased its position in Whirlpool by 3.3% in the 4th quarter. Condor Capital Management now owns 10,733 shares of the company’s stock worth $1,810,000 after buying an additional 343 shares during the period. Finally, Valeo Financial Advisors LLC increased its position in Whirlpool by 49.9% in the 4th quarter. Valeo Financial Advisors LLC now owns 1,051 shares of the company’s stock worth $177,000 after buying an additional 350 shares during the period. 90.27% of the stock is currently owned by institutional investors.

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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 laundry appliances, refrigerators and freezers, cooking appliances, dishwashers, mixers, and other small domestic appliances.

Analyst Recommendations for Whirlpool (NYSE:WHR)

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