Brokerages Set Whirlpool Corporation (NYSE:WHR) Price Target at $86.43

Shares of Whirlpool Corporation (NYSE:WHR) have been assigned a consensus recommendation of “Reduce” from the nine ratings firms that are currently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $86.4286.

Several analysts have recently commented on the stock. The Goldman Sachs Group reduced their price target on shares of Whirlpool from $107.00 to $93.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. Loop Capital reiterated a “hold” rating and issued a $88.00 price objective on shares of Whirlpool in a research report on Monday, August 4th. Wall Street Zen upgraded Whirlpool from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Whirlpool in a research note on Wednesday, October 8th. Finally, Stifel Nicolaus lowered their price target on Whirlpool from $80.00 to $69.00 and set a “hold” rating for the company in a report on Wednesday, October 29th.

Institutional Investors Weigh In On Whirlpool

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Cheviot Value Management LLC acquired a new position in Whirlpool during the 1st quarter worth about $36,000. EverSource Wealth Advisors LLC increased its stake 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 purchasing an additional 208 shares during the period. Ransom Advisory Ltd acquired a new stake in shares of Whirlpool during the first quarter worth about $38,000. Caitong International Asset Management Co. Ltd lifted its position in shares of Whirlpool by 1,444.4% during the third quarter. Caitong International Asset Management Co. Ltd now owns 556 shares of the company’s stock worth $44,000 after purchasing an additional 520 shares in the last quarter. Finally, HHM Wealth Advisors LLC boosted its stake in shares of Whirlpool by 77.2% in the first quarter. HHM Wealth Advisors LLC now owns 560 shares of the company’s stock valued at $50,000 after purchasing an additional 244 shares during the period. 90.78% of the stock is owned by hedge funds and other institutional investors.

Whirlpool Stock Down 1.8%

Shares of WHR opened at $77.32 on Thursday. Whirlpool has a 52-week low of $65.35 and a 52-week high of $135.49. The company has a quick ratio of 0.46, a current ratio of 0.86 and a debt-to-equity ratio of 2.33. The stock has a fifty day simple moving average of $73.85 and a two-hundred day simple moving average of $84.89. The company has a market capitalization of $4.34 billion, a PE ratio of -23.01 and a beta of 1.18.

Whirlpool (NYSE:WHR) last announced its quarterly earnings data on Monday, October 27th. The company reported $2.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.68. Whirlpool had a negative net margin of 1.18% and a positive return on equity of 19.49%. The firm had revenue of $4.03 billion during the quarter, compared to analyst estimates of $3.92 billion. During the same quarter in the prior year, the firm posted $3.43 earnings per share. Whirlpool’s quarterly revenue was up 1.0% on a year-over-year basis. Whirlpool has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that Whirlpool will post 9.52 EPS for the current year.

Whirlpool Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 21st will be paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Friday, November 21st. Whirlpool’s dividend payout ratio (DPR) is -107.14%.

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.