Whirlpool (NYSE:WHR) Sets New 1-Year Low at $95.21

Whirlpool Co. (NYSE:WHR) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $95.21 and last traded at $96.20, with a volume of 1840550 shares traded. The stock had previously closed at $105.68.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on WHR shares. Royal Bank of Canada decreased their price objective on shares of Whirlpool from $85.00 to $79.00 and set an “underperform” rating for the company in a report on Friday. JPMorgan Chase & Co. decreased their price objective on shares of Whirlpool from $120.00 to $111.00 and set a “neutral” rating for the company in a report on Friday, February 2nd. Loop Capital assumed coverage on shares of Whirlpool in a research note on Thursday, February 22nd. They issued a “buy” rating and a $140.00 target price for the company. StockNews.com downgraded shares of Whirlpool from a “buy” rating to a “hold” rating in a research note on Friday. Finally, TheStreet upgraded shares of Whirlpool from a “d+” rating to a “c+” rating in a research note on Monday, January 29th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $113.40.

Whirlpool Price Performance

The business’s 50-day moving average price is $109.14 and its 200 day moving average price is $112.79. The company has a quick ratio of 0.57, a current ratio of 0.95 and a debt-to-equity ratio of 2.56. The company has a market capitalization of $5.17 billion, a P/E ratio of 13.03 and a beta of 1.48.

Whirlpool (NYSE:WHR) last released its quarterly earnings data on Wednesday, April 24th. The company reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.61 by $0.17. Whirlpool had a net margin of 2.07% and a return on equity of 35.16%. The company had revenue of $4.49 billion during the quarter, compared to analyst estimates of $4.42 billion. During the same period last year, the business earned $2.66 earnings per share. Whirlpool’s revenue was down 3.4% compared to the same quarter last year. Analysts anticipate that Whirlpool Co. will post 13.4 EPS for the current fiscal year.

Whirlpool Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, June 15th. Shareholders 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 yield of 7.40%. Whirlpool’s payout ratio is presently 96.42%.

Institutional Investors Weigh In On Whirlpool

Hedge funds have recently bought and sold shares of the stock. Global Retirement Partners LLC lifted its position in Whirlpool by 160.0% during the third quarter. Global Retirement Partners LLC now owns 221 shares of the company’s stock valued at $28,000 after purchasing an additional 136 shares during the last quarter. Private Trust Co. NA lifted its position in Whirlpool by 190.7% during the fourth quarter. Private Trust Co. NA now owns 282 shares of the company’s stock valued at $34,000 after purchasing an additional 185 shares during the last quarter. Sentry Investment Management LLC bought a new stake in Whirlpool during the third quarter valued at approximately $39,000. NBC Securities Inc. bought a new stake in Whirlpool during the third quarter valued at approximately $40,000. Finally, ORG Partners LLC bought a new stake in Whirlpool during the fourth quarter valued at approximately $37,000. 90.78% of the stock is currently owned by institutional investors.

About Whirlpool

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.