Whirlpool (NYSE:WHR) Now Covered by Analysts at Citigroup

Citigroup began coverage on shares of Whirlpool (NYSE:WHR) in a research report released on Wednesday morning, MarketBeat Ratings reports. The brokerage issued a neutral rating and a $60.00 target price on the stock.

A number of other analysts have also recently weighed in on WHR. Weiss Ratings raised Whirlpool from a “sell (d)” rating to a “hold (c-)” rating in a research report on Thursday, February 12th. Bank of America lowered their price objective on Whirlpool from $60.00 to $50.00 and set an “underperform” rating for the company in a research report on Monday. BNP Paribas Exane upgraded Whirlpool to a “neutral” rating in a research note on Monday, March 16th. Mizuho assumed coverage on Whirlpool in a research note on Monday. They issued a “neutral” rating and a $55.00 target price for the company. Finally, Zacks Research lowered Whirlpool from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 10th. Two analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $74.33.

Whirlpool Stock Down 2.3%

Whirlpool stock opened at $55.59 on Wednesday. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.76 and a quick ratio of 0.40. The stock has a market capitalization of $3.14 billion, a price-to-earnings ratio of 9.84, a PEG ratio of 10.99 and a beta of 1.30. Whirlpool has a 1-year low of $50.41 and a 1-year high of $111.96. The business has a fifty day moving average price of $62.23 and a 200-day moving average price of $71.73.

Whirlpool (NYSE:WHR) last posted its quarterly earnings data 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 firm’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 business earned $4.57 EPS. Whirlpool has set its FY 2026 guidance at 7.000-7.000 EPS. Equities research analysts forecast that Whirlpool will post 5.18 EPS for the current fiscal year.

Whirlpool Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 26th. Investors of record on Friday, February 27th were paid a $0.90 dividend. The ex-dividend date was Friday, February 27th. This represents a $3.60 dividend on an annualized basis and a yield of 6.5%. Whirlpool’s dividend payout ratio (DPR) is 63.72%.

Hedge Funds Weigh In On Whirlpool

Institutional investors and hedge funds have recently modified their holdings of the stock. NewEdge Advisors LLC lifted its holdings in shares of Whirlpool by 56.7% in the 1st quarter. NewEdge Advisors LLC now owns 3,120 shares of the company’s stock valued at $281,000 after buying an additional 1,129 shares during the period. Empowered Funds LLC lifted its holdings in shares of Whirlpool by 206.5% in the 1st quarter. Empowered Funds LLC now owns 8,528 shares of the company’s stock valued at $769,000 after buying an additional 5,746 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Whirlpool by 15.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 214,918 shares of the company’s stock valued at $19,371,000 after buying an additional 27,995 shares during the period. Invesco Ltd. lifted its holdings in shares of Whirlpool by 3.2% in the 2nd quarter. Invesco Ltd. now owns 229,566 shares of the company’s stock valued at $23,283,000 after buying an additional 7,151 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Whirlpool by 129.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 369 shares of the company’s stock valued at $37,000 after buying an additional 208 shares during the period. Institutional investors and hedge funds own 90.78% of the company’s stock.

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.