The stock of Whirlpool Corporation (NYSE:WHR) last traded at $144.26, up 1.17% from the previous session.
Data from the available sources indicates that Whirlpool Corporation (NYSE:WHR) is covered by 9 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $220.00 and a low of $87.00, we find $141.50. Given the previous closing price of $142.59, this indicates a potential downside of -0.76 percent. WHR stock price is now 0.26% away from the 50-day moving average and 1.91% away from the 200-day moving average. The market capitalization of the company currently stands at $7.86B.
In total, 4 analysts have assigned it a hold rating, and 2 have given it a buy rating. Brokers who have rated the stock have averaged $146.00 as their price target over the next twelve months.
With the price target reduced from $170 to $160, Goldman Upgraded its rating from Neutral to Buy for Whirlpool Corporation (NYSE: WHR).
In other news, Bitzer Marc R, CHAIRMAN AND CEO sold 20,000 shares of the company’s stock on Jul 28. The stock was sold for $2,863,600 at an average price of $143.18. Upon completion of the transaction, the CHAIRMAN AND CEO now directly owns 138,583 shares in the company, valued at $19.99 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 28, EXEC VICE PRESIDENT AND CFO Peters James W sold 6,000 shares of the business’s stock. A total of $858,720 was realized by selling the stock at an average price of $143.12. This leaves the insider owning 40,764 shares of the company worth $5.88 million. Insiders disposed of 65,386 shares of company stock worth roughly $9.43 million over the past 1 year. A total of 1.13% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in WHR stock. A new stake in Whirlpool Corporation shares was purchased by SWS PARTNERS during the first quarter worth $30,479,000. TUDOR INVESTMENT CORP ET AL invested $8,962,000 in shares of WHR during the first quarter. In the first quarter, GILMAN HILL ASSET MANAGEMENT, LLC acquired a new stake in Whirlpool Corporation valued at approximately $7,743,000. QUBE RESEARCH & TECHNOLOGIES LTD acquired a new stake in WHR for approximately $7,532,000. TWINBEECH CAPITAL LP purchased a new stake in WHR valued at around $7,204,000 in the second quarter. In total, there are 919 active investors with 96.70% ownership of the company’s stock.
With an opening price of $142.99 on Monday morning, Whirlpool Corporation (NYSE: WHR) set off the trading day. During the past 12 months, Whirlpool Corporation has had a low of $124.10 and a high of $178.05. As of last week, the company has a debt-to-equity ratio of 3.83, a current ratio of 0.90, and a quick ratio of 0.50. The fifty day moving average price for WHR is $144.14 and a two-hundred day moving average price translates $141.56 for the stock.
The latest earnings results from Whirlpool Corporation (NYSE: WHR) was released for Jun, 2023. According to the Furnishings Fixtures & Appliances Company, earnings per share came in at $4.21, beating analysts’ expectations of $3.76 by 0.45. This compares to -$6.57 EPS in the same period last year. The net profit margin was -8.10% and return on equity was -58.70% for WHR. The company reported revenue of $4.79 billion for the quarter, compared to $5.1 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.98 percent. For the current quarter, analysts expect WHR to generate $4.76B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/15/2023. Investors who held shares on 05/19/2023 were paid a $1.75 dividend. On an annualized basis, this represents a $7.00 dividend and a 4.85% percent yield. There was an ex-dividend date of 05/18/2023 for this dividend.
Whirlpool Corporation(WHR) Company Profile
Whirlpool Corporation manufactures and markets home appliances and related products and services in 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. It markets and distributes its products primarily under the Whirlpool, Maytag, KitchenAid, JennAir, Consul, Brastemp, Amana, Bauknecht, Hotpoint, Indesit, InSinkErator, Yummly, Affresh, Gladiator, Swash, everydrop, Speed Queen, Ignis, Privileg, Eslabon de Lujo, Acros, and Ariston brands. The company sells its products to retailers, distributors, dealers, builders, and other manufacturers, as well as directly to consumers. Whirlpool Corporation was founded in 1911 and is headquartered in Benton Harbor, Michigan.
