Whirlpool (NYSE:WHR – Free Report) had its price objective trimmed by JPMorgan Chase & Co. from $120.00 to $111.00 in a research note published on Friday morning, Benzinga reports. The firm currently has a neutral rating on the stock.
Several other research analysts have also issued reports on WHR. Royal Bank of Canada dropped their target price on Whirlpool from $92.00 to $85.00 and set an underperform rating for the company in a research report on Wednesday, January 31st. Longbow Research lowered Whirlpool from a buy rating to a neutral rating in a research note on Friday, October 27th. StockNews.com upgraded Whirlpool from a hold rating to a buy rating in a research report on Wednesday, January 31st. Finally, TheStreet upgraded shares of Whirlpool from a d+ rating to a c+ rating in a report on Monday, January 29th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Whirlpool currently has a consensus rating of Hold and a consensus target price of $118.60.
Whirlpool Stock Performance
Whirlpool (NYSE:WHR – Get Free Report) last announced its earnings results on Tuesday, January 30th. The company reported $3.85 earnings per share for the quarter, beating the consensus estimate of $3.53 by $0.32. Whirlpool had a net margin of 2.47% and a return on equity of 38.67%. The business had revenue of $5.09 billion for the quarter, compared to the consensus estimate of $4.98 billion. During the same quarter in the prior year, the firm posted $3.89 earnings per share. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. Sell-side analysts predict that Whirlpool will post 14.02 earnings per share for the current year.
Hedge Funds Weigh In On Whirlpool
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in Whirlpool by 0.4% during the third quarter. Vanguard Group Inc. now owns 6,536,414 shares of the company’s stock valued at $873,919,000 after purchasing an additional 25,740 shares in the last quarter. BlackRock Inc. grew its position in shares of Whirlpool by 2.3% in the 2nd quarter. BlackRock Inc. now owns 6,139,973 shares of the company’s stock worth $913,567,000 after buying an additional 138,322 shares during the last quarter. State Street Corp raised its stake in shares of Whirlpool by 2.4% during the 2nd quarter. State Street Corp now owns 3,140,080 shares of the company’s stock worth $467,213,000 after acquiring an additional 72,732 shares in the last quarter. Boston Partners lifted its position in Whirlpool by 59.7% during the third quarter. Boston Partners now owns 2,473,047 shares of the company’s stock valued at $328,804,000 after acquiring an additional 924,128 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in Whirlpool by 38.3% in the third quarter. Invesco Ltd. now owns 1,954,344 shares of the company’s stock valued at $261,296,000 after acquiring an additional 541,219 shares in the last quarter. 90.89% of the stock is currently owned by institutional investors.
Whirlpool 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.
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