Whirlpool (NYSE:WHR) Cut to Hold at Zacks Research

Zacks Research lowered shares of Whirlpool (NYSE:WHR) from a strong-buy rating to a hold rating in a research report report published on Monday,Zacks.com reports.

A number of other equities research analysts have also issued reports on the stock. JPMorgan Chase & Co. reduced their target price on shares of Whirlpool from $78.00 to $76.00 and set a “neutral” rating on the stock in a report on Monday, February 2nd. The Goldman Sachs Group reduced their price objective on Whirlpool from $107.00 to $93.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Stifel Nicolaus decreased their target price on Whirlpool from $82.00 to $75.00 and set a “hold” rating for the company in a report on Friday, January 30th. Royal Bank Of Canada restated an “underperform” rating on shares of Whirlpool in a report on Wednesday, October 29th. Finally, Wall Street Zen upgraded Whirlpool from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $85.43.

Whirlpool Stock Up 1.7%

NYSE:WHR opened at $92.71 on Monday. Whirlpool has a 52 week low of $65.35 and a 52 week high of $111.96. The stock’s fifty day moving average is $80.11 and its two-hundred day moving average is $80.46. The stock has a market capitalization of $5.21 billion, a price-to-earnings ratio of 16.41, a price-to-earnings-growth ratio of 1.50 and a beta of 1.25. The company has a quick ratio of 0.40, a current ratio of 0.76 and a debt-to-equity ratio of 2.06.

Whirlpool (NYSE:WHR) last posted its quarterly earnings data on Wednesday, January 28th. The company reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.54 by ($0.44). Whirlpool had a net margin of 2.04% and a return on equity of 12.98%. The firm had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.27 billion. During the same quarter in the prior year, the firm posted $4.57 EPS. Whirlpool’s quarterly revenue was down 1.0% compared to the same quarter last year. Whirlpool has set its FY 2026 guidance at 7.000-7.000 EPS. Research analysts anticipate that Whirlpool will post 9.52 EPS for the current year.

Institutional Investors Weigh In On Whirlpool

Large investors have recently modified their holdings of the company. Newport Trust Company LLC increased its holdings in shares of Whirlpool by 10.2% in the 4th quarter. Newport Trust Company LLC now owns 2,391,252 shares of the company’s stock valued at $172,505,000 after acquiring an additional 221,564 shares during the period. Charles Schwab Investment Management Inc. grew its position in Whirlpool by 2.8% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,299,425 shares of the company’s stock worth $233,208,000 after purchasing an additional 63,448 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Whirlpool by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 1,279,044 shares of the company’s stock valued at $92,472,000 after buying an additional 29,162 shares during the last quarter. Norges Bank purchased a new stake in shares of Whirlpool in the second quarter valued at about $71,595,000. Finally, Causeway Capital Management LLC boosted its stake in shares of Whirlpool by 42.3% during the third quarter. Causeway Capital Management LLC now owns 617,039 shares of the company’s stock worth $48,499,000 after buying an additional 183,496 shares during the period. 90.78% of the stock is owned by institutional investors and hedge funds.

Whirlpool Company Profile

Whirlpool Corporation is a leading global manufacturer and marketer of home appliances, with a product portfolio that spans major categories such as laundry, refrigeration, cooking, dishwashing and small electrics. Headquartered in Benton Harbor, Michigan, the company designs, produces and distributes its appliances through a network of wholly owned manufacturing facilities, joint ventures and third-party partners. Whirlpool serves both retail and professional markets, offering products under its flagship Whirlpool brand as well as several well-known names including Maytag, KitchenAid, JennAir, Amana, Brastemp and Consul.

In its laundry segment, Whirlpool provides top- and front-load washing machines, dryers and combination units designed to balance energy efficiency, capacity and convenience.