Whirlpool (NYSE:WHR) Hits New 1-Year Low at $88.85

Shares of Whirlpool Co. (NYSE:WHRGet Free Report) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $88.85 and last traded at $89.00, with a volume of 76591 shares. The stock had previously closed at $89.52.

Analyst Ratings Changes

A number of research firms have recently commented on WHR. StockNews.com cut shares of Whirlpool from a “buy” rating to a “hold” rating in a report on Friday, April 26th. Loop Capital began coverage on shares of Whirlpool in a research note on Thursday, February 22nd. They issued a “buy” rating and a $140.00 price target on the stock. Royal Bank of Canada decreased their price target on shares of Whirlpool from $85.00 to $79.00 and set an “underperform” rating on the stock in a research note on Friday, April 26th. JPMorgan Chase & Co. decreased their target price on shares of Whirlpool from $120.00 to $111.00 and set a “neutral” rating on the stock in a research report on Friday, February 2nd. Finally, TheStreet upgraded shares of Whirlpool from a “d+” rating to a “c+” rating in a research report on Monday, January 29th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $111.00.

Read Our Latest Stock Report on WHR

Whirlpool Trading Down 0.7 %

The company’s 50-day moving average price is $104.44 and its 200-day moving average price is $109.68. The company has a quick ratio of 0.58, a current ratio of 0.95 and a debt-to-equity ratio of 2.56. The firm has a market cap of $4.86 billion, a price-to-earnings ratio of 12.33 and a beta of 1.52.

Whirlpool (NYSE:WHRGet Free Report) last released its quarterly earnings results on Wednesday, April 24th. The company reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.61 by $0.17. The business had revenue of $4.49 billion for the quarter, compared to the consensus estimate of $4.42 billion. Whirlpool had a net margin of 2.07% and a return on equity of 35.16%. The business’s revenue was down 3.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.66 EPS. Equities analysts expect that Whirlpool Co. will post 12.37 EPS for the current fiscal year.

Whirlpool Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 15th. Stockholders of record on Friday, May 17th will be given a dividend of $1.75 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $7.00 annualized dividend and a dividend yield of 7.87%. Whirlpool’s dividend payout ratio is presently 96.42%.

Hedge Funds Weigh In On Whirlpool

Large investors have recently bought and sold shares of the company. LRI Investments LLC acquired a new stake in Whirlpool in the 1st quarter valued at about $92,000. Comerica Bank lifted its holdings in shares of Whirlpool by 126.0% during the 1st quarter. Comerica Bank now owns 24,916 shares of the company’s stock worth $2,981,000 after acquiring an additional 13,893 shares during the period. Tidal Investments LLC lifted its holdings in shares of Whirlpool by 47.3% during the 1st quarter. Tidal Investments LLC now owns 2,608 shares of the company’s stock worth $310,000 after acquiring an additional 837 shares during the period. Redwood Investment Management LLC lifted its holdings in shares of Whirlpool by 8.5% during the 1st quarter. Redwood Investment Management LLC now owns 19,672 shares of the company’s stock worth $2,353,000 after acquiring an additional 1,533 shares during the period. Finally, Invenomic Capital Management LP lifted its holdings in shares of Whirlpool by 232.8% during the 1st quarter. Invenomic Capital Management LP now owns 91,697 shares of the company’s stock worth $10,970,000 after acquiring an additional 64,142 shares during the period. Hedge funds and other institutional investors own 90.78% of the company’s stock.

Whirlpool Company Profile

(Get Free Report)

Whirlpool Corporation manufactures and markets home appliances and related products and services in the 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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