Bank of America Increases Whirlpool (NYSE:WHR) Price Target to $103.00

Whirlpool (NYSE:WHR) had its price objective raised by equities researchers at Bank of America from $101.00 to $103.00 in a report released on Friday, Benzinga reports. The firm currently has an “underperform” rating on the stock. Bank of America‘s target price points to a potential downside of 1.01% from the stock’s previous close.

Separately, Royal Bank of Canada decreased their price target on Whirlpool from $79.00 to $76.00 and set an “underperform” rating for the company in a research note on Friday, July 26th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Whirlpool currently has an average rating of “Hold” and an average price target of $107.00.

Whirlpool Price Performance

WHR stock opened at $104.05 on Friday. The stock’s 50 day moving average is $102.00 and its two-hundred day moving average is $98.76. Whirlpool has a 52-week low of $84.18 and a 52-week high of $125.68. The company has a market capitalization of $5.71 billion, a PE ratio of 10.76 and a beta of 1.44. The company has a quick ratio of 0.58, a current ratio of 0.96 and a debt-to-equity ratio of 1.88.

Whirlpool (NYSE:WHR) last issued its quarterly earnings results on Wednesday, October 23rd. The company reported $3.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.99 by $0.44. Whirlpool had a net margin of 2.89% and a return on equity of 27.67%. The business had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.09 billion. During the same quarter in the previous year, the firm earned $5.45 earnings per share. The business’s revenue was down 18.9% compared to the same quarter last year. Analysts predict that Whirlpool will post 11.24 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Whirlpool news, EVP Juan Carlos Puente sold 3,266 shares of Whirlpool stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $100.00, for a total value of $326,600.00. Following the completion of the transaction, the executive vice president now directly owns 19,070 shares in the company, valued at $1,907,000. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.05% of the stock is owned by company insiders.

Institutional Trading of Whirlpool

Hedge funds have recently made changes to their positions in the stock. Private Advisor Group LLC increased its position in Whirlpool by 2.6% in the first quarter. Private Advisor Group LLC now owns 5,006 shares of the company’s stock worth $599,000 after buying an additional 125 shares during the period. Dakota Wealth Management increased its holdings in shares of Whirlpool by 2.0% in the 3rd quarter. Dakota Wealth Management now owns 7,395 shares of the company’s stock worth $791,000 after acquiring an additional 145 shares during the period. Arizona State Retirement System lifted its position in Whirlpool by 1.1% in the 2nd quarter. Arizona State Retirement System now owns 15,247 shares of the company’s stock valued at $1,558,000 after purchasing an additional 172 shares during the last quarter. UMB Bank n.a. boosted its stake in Whirlpool by 80.6% during the 2nd quarter. UMB Bank n.a. now owns 428 shares of the company’s stock valued at $44,000 after purchasing an additional 191 shares during the period. Finally, Blue Trust Inc. grew its position in Whirlpool by 69.1% in the 3rd quarter. Blue Trust Inc. now owns 492 shares of the company’s stock worth $50,000 after purchasing an additional 201 shares during the last quarter. Institutional investors own 90.78% of the company’s stock.

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.