Whirlpool (NYSE:WHR) Stock Rating Upgraded by StockNews.com

Whirlpool (NYSE:WHR) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Tuesday.

Other research analysts have also issued research reports about the stock. The Goldman Sachs Group raised their price objective on shares of Whirlpool from $125.00 to $138.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Bank of America boosted their price objective on shares of Whirlpool from $101.00 to $103.00 and gave the stock an “underperform” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. lifted their target price on Whirlpool from $103.00 to $109.00 and gave the stock a “neutral” rating in a report on Tuesday, October 29th. Finally, Royal Bank of Canada lowered their price objective on Whirlpool from $76.00 to $74.00 and set an “underperform” rating for the company in a research report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, Whirlpool currently has a consensus rating of “Hold” and an average target price of $112.80.

Whirlpool Stock Up 0.1 %

Shares of WHR opened at $132.12 on Tuesday. The firm has a 50 day simple moving average of $116.82 and a two-hundred day simple moving average of $107.29. The company has a market cap of $7.29 billion, a P/E ratio of 13.03 and a beta of 1.44. Whirlpool has a one year low of $84.18 and a one year high of $133.14. The company has a debt-to-equity ratio of 1.94, a current ratio of 0.94 and a quick ratio of 0.55.

Whirlpool (NYSE:WHR) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $3.43 earnings per share for the quarter, beating the consensus estimate of $2.99 by $0.44. The business had revenue of $3.99 billion for the quarter, compared to analyst estimates of $4.09 billion. Whirlpool had a return on equity of 21.41% and a net margin of 3.19%. Whirlpool’s revenue was down 18.9% compared to the same quarter last year. During the same period last year, the firm posted $5.45 earnings per share. Research analysts forecast that Whirlpool will post 12.31 EPS for the current fiscal year.

Insider Transactions at Whirlpool

In related news, CFO James W. Peters sold 6,000 shares of the business’s stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $104.48, for a total transaction of $626,880.00. Following the transaction, the chief financial officer now directly owns 41,570 shares in the company, valued at approximately $4,343,233.60. The trade was a 12.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.05% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC lifted its stake in Whirlpool by 323.1% in the fourth quarter. GAMMA Investing LLC now owns 275 shares of the company’s stock valued at $31,000 after purchasing an additional 210 shares during the last quarter. Legend Financial Advisors Inc. purchased a new stake in Whirlpool in the 4th quarter worth about $34,000. UMB Bank n.a. raised its stake in Whirlpool by 56.4% in the 4th quarter. UMB Bank n.a. now owns 319 shares of the company’s stock valued at $37,000 after acquiring an additional 115 shares during the period. True Wealth Design LLC lifted its holdings in Whirlpool by 545.5% during the third quarter. True Wealth Design LLC now owns 355 shares of the company’s stock valued at $38,000 after purchasing an additional 300 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in Whirlpool by 1,010.5% during the second quarter. EverSource Wealth Advisors LLC now owns 422 shares of the company’s stock worth $43,000 after purchasing an additional 384 shares during the period. 90.78% of the stock is owned by institutional investors.

Whirlpool Company Profile

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.