The Goldman Sachs Group Trims Whirlpool (NYSE:WHR) Target Price to $220.00

Whirlpool (NYSE:WHRGet Rating) had its target price lowered by The Goldman Sachs Group from $280.00 to $220.00 in a research report report published on Tuesday morning, MarketBeat reports. The Goldman Sachs Group currently has a buy rating on the stock.

Other equities analysts have also issued reports about the stock. Credit Suisse Group began coverage on shares of Whirlpool in a research report on Tuesday, April 5th. They issued a neutral rating and a $180.00 price objective for the company. StockNews.com began coverage on shares of Whirlpool in a research report on Thursday, March 31st. They issued a hold rating for the company. Cfra lowered shares of Whirlpool to a sell rating and set a $180.00 price objective for the company. in a research report on Friday, April 8th. JPMorgan Chase & Co. cut their price objective on shares of Whirlpool from $295.00 to $221.00 and set an overweight rating for the company in a research report on Wednesday, March 30th. Finally, Royal Bank of Canada raised their price objective on shares of Whirlpool from $190.00 to $195.00 in a research report on Friday, January 28th. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of Hold and an average target price of $204.86.

Shares of NYSE:WHR opened at $174.60 on Tuesday. The company has a quick ratio of 0.82, a current ratio of 1.14 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $10.23 billion, a PE ratio of 6.15, a P/E/G ratio of 1.02 and a beta of 1.71. Whirlpool has a twelve month low of $164.52 and a twelve month high of $257.68. The company has a 50-day moving average price of $191.61 and a two-hundred day moving average price of $209.19.

Whirlpool (NYSE:WHRGet Rating) last issued its earnings results on Wednesday, January 26th. The company reported $6.14 earnings per share for the quarter, topping analysts’ consensus estimates of $5.88 by $0.26. The firm had revenue of $5.82 billion during the quarter, compared to analyst estimates of $5.88 billion. Whirlpool had a net margin of 8.11% and a return on equity of 32.84%. The company’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter last year, the business earned $6.64 earnings per share. Analysts anticipate that Whirlpool will post 27.28 earnings per share for the current fiscal year.

Whirlpool declared that its board has approved a stock repurchase program on Monday, February 14th that allows the company to buyback $2.00 billion in outstanding shares. This buyback authorization allows the company to purchase up to 16.8% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 15th. Shareholders of record on Friday, February 25th were paid a dividend of $1.75 per share. The ex-dividend date was Thursday, February 24th. This is an increase from Whirlpool’s previous quarterly dividend of $1.40. This represents a $7.00 annualized dividend and a dividend yield of 4.01%. Whirlpool’s dividend payout ratio (DPR) is 24.67%.

In other Whirlpool news, Director Gary T. Dicamillo sold 1,000 shares of the business’s stock in a transaction on Tuesday, February 1st. The shares were sold at an average price of $209.90, for a total transaction of $209,900.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.33% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of WHR. Ellevest Inc. boosted its holdings in shares of Whirlpool by 1,020.0% during the 4th quarter. Ellevest Inc. now owns 112 shares of the company’s stock valued at $26,000 after buying an additional 102 shares in the last quarter. Salem Investment Counselors Inc. bought a new position in Whirlpool in the 4th quarter worth about $26,000. Bivin & Associates Inc. bought a new position in Whirlpool in the 4th quarter worth about $33,000. Concord Wealth Partners bought a new position in Whirlpool in the 4th quarter worth about $34,000. Finally, Alpha Paradigm Partners LLC bought a new position in Whirlpool in the 4th quarter worth about $38,000. 94.94% of the stock is currently owned by institutional investors and hedge funds.

About Whirlpool (Get Rating)

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 refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances and related laundry accessories; cooking and other small domestic appliances; and dishwasher appliances and related accessories, as well as mixers.

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