Whirlpool (NYSE:WHR) Upgraded at StockNews.com

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

WHR has been the subject of a number of other reports. The Goldman Sachs Group lifted their price objective on shares of Whirlpool from $125.00 to $138.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. JPMorgan Chase & Co. raised their price objective on Whirlpool from $103.00 to $109.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. Bank of America upped their target price on Whirlpool from $101.00 to $103.00 and gave the stock an “underperform” rating in a research note on Friday, October 25th. Finally, Royal Bank of Canada lowered their price objective on shares of Whirlpool from $76.00 to $74.00 and set an “underperform” rating for the company in a report on Friday, October 25th. Two research 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’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $112.80.

Whirlpool Trading Up 0.1 %

Shares of WHR stock opened at $132.12 on Tuesday. Whirlpool has a 52-week low of $84.18 and a 52-week high of $133.14. The business’s fifty day moving average is $116.82 and its 200 day moving average is $107.29. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.55 and a current ratio of 0.94. The company has a market capitalization of $7.29 billion, a PE ratio of 13.03 and a beta of 1.44.

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

Insider Buying and Selling at Whirlpool

In other news, CFO James W. Peters sold 6,000 shares of Whirlpool stock in a transaction on 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 owns 41,570 shares in the company, valued at $4,343,233.60. This trade represents a 12.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 2.05% of the company’s stock.

Institutional Trading of Whirlpool

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