Whirlpool (NYSE:WHR) Stock Falls 5.7% – Time to Sell?

Whirlpool Corporation (NYSE:WHR) dropped 5.7% on Wednesday. The stock traded as low as $26.67 and last traded at $26.4410. 1,834,873 shares were traded during mid-day trading, a decline of 32% from the average session volume of 2,691,419 shares. The stock had previously closed at $28.04.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on WHR. Weiss Ratings reissued a “sell (d)” rating on shares of Whirlpool in a report on Wednesday, August 5th. Royal Bank Of Canada reduced their price objective on shares of Whirlpool from $32.00 to $22.00 and set an “underperform” rating for the company in a report on Wednesday, October 7th. Wall Street Zen upgraded shares of Whirlpool from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 8th. Mizuho dropped their price target on shares of Whirlpool from $45.00 to $40.00 and set a “neutral” rating for the company in a research report on Tuesday, July 21st. Finally, Bank of America dropped their price target on shares of Whirlpool from $38.00 to $31.00 and set an “underperform” rating for the company in a research report on Friday, September 11th. Nine investment analysts have rated the stock with a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $36.44.

Whirlpool Trading Down 2.1%

The company’s fifty day simple moving average is $34.10 and its two-hundred day simple moving average is $40.38. The company has a market capitalization of $1.84 billion, a price-to-earnings ratio of 9.67, a price-to-earnings-growth ratio of 23.58 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 (NYSE:WHR) last announced its quarterly earnings results on Monday, August 3rd. The company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.15). The company had revenue of $3.52 billion during the quarter, compared to the consensus estimate of $3.55 billion. Whirlpool had a net margin of 1.17% and a return on equity of 4.18%. The business’s quarterly revenue was down 6.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.34 EPS. Whirlpool has set its FY 2026 guidance at 2.500-3.000 EPS. Research analysts forecast that Whirlpool Corporation will post 1.13 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Whirlpool

Several institutional investors and hedge funds have recently made changes to their positions in WHR. Evergreen Capital Management LLC bought a new stake in Whirlpool in the 3rd quarter valued at about $378,000. Root Financial Partners LLC acquired a new position in shares of Whirlpool in the 3rd quarter valued at approximately $33,000. Crossmark Global Holdings Inc. lifted its stake in Whirlpool by 19.4% during the third quarter. Crossmark Global Holdings Inc. now owns 10,983 shares of the company’s stock worth $337,000 after purchasing an additional 1,788 shares during the last quarter. NFSG Corp lifted its position in shares of Whirlpool by 19.8% during the 3rd quarter. NFSG Corp now owns 5,920 shares of the company’s stock worth $182,000 after buying an additional 980 shares during the last quarter. Finally, TT Capital Management LLC acquired a new stake in shares of Whirlpool in the 3rd quarter valued at approximately $334,000. Institutional investors and hedge funds own 90.78% of the company’s stock.

About Whirlpool

Whirlpool Corporation (NYSE: WHR) is a global manufacturer and marketer of home appliances. The company develops products designed for kitchens and laundry rooms, including refrigerators and freezers, cooking appliances, dishwashers, washing machines and dryers, and related household appliances.

Whirlpool sells products under a portfolio of well-known brands, including Whirlpool, Maytag, KitchenAid, JennAir and Amana. Its products are distributed through retailers, builders, distributors and other sales channels to residential customers in North America and international markets.

The company traces its history to 1911, when it was founded as the Upton Machine Company in Benton Harbor, Michigan.