Whirlpool (NYSE:WHR) Price Target Lowered to $50.00 at Bank of America

Whirlpool (NYSE:WHR) had its price target trimmed by Bank of America from $60.00 to $50.00 in a report published on Monday,Benzinga reports. The brokerage currently has an underperform rating on the stock.

WHR has been the subject of a number of other research reports. Stifel Nicolaus reduced their price target on Whirlpool from $75.00 to $68.00 and set a “hold” rating for the company in a report on Monday, March 2nd. Raymond James Financial reaffirmed a “market perform” rating on shares of Whirlpool in a report on Monday, March 16th. Mizuho initiated coverage on Whirlpool in a research note on Monday. They set a “neutral” rating and a $55.00 price objective for the company. JPMorgan Chase & Co. cut their price objective on Whirlpool from $76.00 to $59.00 and set a “neutral” rating for the company in a research note on Friday, March 13th. Finally, Weiss Ratings upgraded Whirlpool from a “sell (d)” rating to a “hold (c-)” rating in a research note on Thursday, February 12th. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $76.13.

Whirlpool Stock Performance

NYSE WHR opened at $57.22 on Monday. The stock has a market capitalization of $3.23 billion, a price-to-earnings ratio of 10.13, a PEG ratio of 2.79 and a beta of 1.30. Whirlpool has a twelve month low of $50.41 and a twelve month high of $111.96. The company has a current ratio of 0.76, a quick ratio of 0.40 and a debt-to-equity ratio of 2.06. The stock has a 50-day moving average of $63.66 and a 200 day moving average of $72.01.

Whirlpool (NYSE:WHR) last released its quarterly earnings results on Wednesday, January 28th. The company reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates of $1.54 by ($0.44). The business had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.27 billion. Whirlpool had a return on equity of 12.98% and a net margin of 2.04%.The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period in the previous year, the company posted $4.57 EPS. Whirlpool has set its FY 2026 guidance at 7.000-7.000 EPS. Sell-side analysts anticipate that Whirlpool will post 5.43 EPS for the current fiscal year.

Whirlpool Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 26th. Shareholders of record on Friday, February 27th were paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 6.3%. The ex-dividend date was Friday, February 27th. Whirlpool’s payout ratio is 63.72%.

Institutional Investors Weigh In On Whirlpool

A number of large investors have recently made changes to their positions in the stock. Norges Bank purchased a new stake in shares of Whirlpool in the fourth quarter valued at approximately $31,959,000. Freestone Grove Partners LP purchased a new stake in shares of Whirlpool in the fourth quarter valued at approximately $22,729,000. Orion Porfolio Solutions LLC grew its position in shares of Whirlpool by 2,795.1% in the second quarter. Orion Porfolio Solutions LLC now owns 234,564 shares of the company’s stock valued at $23,789,000 after purchasing an additional 226,462 shares in the last quarter. RWWM Inc. grew its position in shares of Whirlpool by 68.4% in the third quarter. RWWM Inc. now owns 555,380 shares of the company’s stock valued at $43,653,000 after purchasing an additional 225,513 shares in the last quarter. Finally, Newport Trust Company LLC grew its position in shares of Whirlpool by 10.2% in the fourth quarter. Newport Trust Company LLC now owns 2,391,252 shares of the company’s stock valued at $172,505,000 after purchasing an additional 221,564 shares in the last quarter. 90.78% of the stock is currently owned by hedge funds and other institutional investors.

About Whirlpool

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.