Whirlpool (NYSE:WHR) Upgraded at Zacks Research

Zacks Research upgraded shares of Whirlpool (NYSE:WHR) from a strong sell rating to a hold rating in a research note issued to investors on Tuesday,Zacks.com reports.

A number of other equities research analysts have also recently commented on WHR. Bank of America reissued an “underperform” rating and issued a $70.00 price objective (down previously from $100.00) on shares of Whirlpool in a research note on Tuesday, July 29th. Longbow Research raised Whirlpool from a “neutral” rating to a “buy” rating and set a $145.00 price objective for the company in a research note on Monday, June 30th. Royal Bank Of Canada reduced their price objective on Whirlpool from $65.00 to $63.00 and set an “underperform” rating for the company in a research note on Wednesday, July 30th. Wall Street Zen cut Whirlpool from a “hold” rating to a “sell” rating in a research note on Saturday, July 26th. Finally, Loop Capital reissued a “hold” rating and issued a $88.00 price objective on shares of Whirlpool in a research note on Monday, August 4th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $98.83.

Whirlpool Trading Up 0.6%

NYSE WHR opened at $79.50 on Tuesday. The business has a 50 day simple moving average of $87.58 and a 200 day simple moving average of $87.85. Whirlpool has a one year low of $73.72 and a one year high of $135.49. The stock has a market capitalization of $4.44 billion, a P/E ratio of -30.00 and a beta of 1.17. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.85 and a quick ratio of 0.46.

Whirlpool (NYSE:WHR) last released its earnings results on Monday, July 28th. The company reported $1.34 EPS for the quarter, missing the consensus estimate of $1.54 by ($0.20). Whirlpool had a positive return on equity of 20.81% and a negative net margin of 0.95%.The business had revenue of $3.77 billion for the quarter, compared to analyst estimates of $3.88 billion. During the same period in the prior year, the business earned $2.39 EPS. The company’s revenue for the quarter was down 5.4% on a year-over-year basis. Whirlpool has set its FY 2025 guidance at 6.000-8.000 EPS. Research analysts expect that Whirlpool will post 9.52 earnings per share for the current year.

Whirlpool Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date was Friday, August 29th. Whirlpool’s dividend payout ratio (DPR) is currently -135.85%.

Institutional Trading of Whirlpool

Hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC lifted its holdings in Whirlpool by 129.2% during the second quarter. EverSource Wealth Advisors LLC now owns 369 shares of the company’s stock worth $37,000 after acquiring an additional 208 shares during the period. Cheviot Value Management LLC bought a new stake in Whirlpool during the first quarter worth $36,000. Ransom Advisory Ltd bought a new stake in Whirlpool during the first quarter worth $38,000. UMB Bank n.a. lifted its holdings in Whirlpool by 40.4% during the first quarter. UMB Bank n.a. now owns 448 shares of the company’s stock worth $40,000 after acquiring an additional 129 shares during the period. Finally, Legend Financial Advisors Inc. bought a new stake in Whirlpool during the second quarter worth $51,000. 90.78% of the stock is currently owned by institutional investors.

About Whirlpool

Whirlpool Corporation manufactures and markets home appliances and related products and services in the North America, Europe, the Middle East, Africa, Latin America, and Asia. The company's principal products include refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances, and commercial laundry products and related laundry accessories; cooking and other small domestic appliances; and dishwasher appliances and related accessories, as well as mixers.