Traders Buy Whirlpool Corporation (WHR) on Weakness

Investors purchased shares of Whirlpool Corporation (NYSE:WHR) on weakness during trading on Tuesday. $63.41 million flowed into the stock on the tick-up and $42.94 million flowed out of the stock on the tick-down, for a money net flow of $20.47 million into the stock. Of all stocks tracked, Whirlpool Corporation had the 26th highest net in-flow for the day. Whirlpool Corporation traded down ($2.78) for the day and closed at $177.18

Several equities research analysts have weighed in on the stock. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $209.00 price target on shares of Whirlpool Corporation in a research note on Tuesday. Zacks Investment Research raised shares of Whirlpool Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, October 5th. ValuEngine raised shares of Whirlpool Corporation from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. MKM Partners set a $177.00 price target on shares of Whirlpool Corporation and gave the company a “hold” rating in a research note on Friday. Finally, BidaskClub downgraded shares of Whirlpool Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. Whirlpool Corporation has an average rating of “Hold” and an average target price of $192.17.

The firm has a market capitalization of $12.93 billion, a P/E ratio of 17.73 and a beta of 1.76. The company has a 50 day moving average of $175.01 and a 200-day moving average of $180.57.

Whirlpool Corporation (NYSE:WHR) last issued its quarterly earnings results on Wednesday, July 26th. The company reported $3.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.54 by ($0.19). The business had revenue of $5.35 billion during the quarter, compared to the consensus estimate of $5.35 billion. Whirlpool Corporation had a return on equity of 18.17% and a net margin of 3.61%. The firm’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.50 earnings per share. On average, analysts anticipate that Whirlpool Corporation will post $14.64 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, August 25th were paid a $1.10 dividend. The ex-dividend date of this dividend was Wednesday, August 23rd. This represents a $4.40 annualized dividend and a dividend yield of 2.48%. Whirlpool Corporation’s payout ratio is 44.04%.

Whirlpool Corporation declared that its Board of Directors has initiated a stock buyback program on Wednesday, July 26th that allows the company to repurchase $2.35 billion in shares. This repurchase authorization allows the company to repurchase up to 16.7% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its shares are undervalued.

In other Whirlpool Corporation news, Director William D. Perez purchased 1,000 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The stock was bought at an average cost of $176.93 per share, for a total transaction of $176,930.00. Following the purchase, the director now directly owns 7,239 shares in the company, valued at $1,280,796.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.69% of the stock is owned by company insiders.

Large investors have recently added to or reduced their stakes in the business. State Board of Administration of Florida Retirement System increased its stake in Whirlpool Corporation by 0.9% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 112,378 shares of the company’s stock valued at $21,534,000 after purchasing an additional 1,038 shares in the last quarter. Homrich & Berg increased its stake in Whirlpool Corporation by 16.6% during the 2nd quarter. Homrich & Berg now owns 3,131 shares of the company’s stock valued at $600,000 after purchasing an additional 446 shares in the last quarter. BT Investment Management Ltd bought a new stake in Whirlpool Corporation during the 2nd quarter valued at about $2,065,000. Greenhaven Associates Inc. increased its stake in Whirlpool Corporation by 0.6% during the 2nd quarter. Greenhaven Associates Inc. now owns 2,737,150 shares of the company’s stock valued at $524,493,000 after purchasing an additional 17,280 shares in the last quarter. Finally, Swiss National Bank increased its stake in Whirlpool Corporation by 2.1% during the 2nd quarter. Swiss National Bank now owns 271,865 shares of the company’s stock valued at $52,095,000 after purchasing an additional 5,700 shares in the last quarter. Institutional investors and hedge funds own 91.47% of the company’s stock.

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About Whirlpool Corporation

Whirlpool Corporation is a manufacturer and marketer of home appliances. The Company’s segments include North America; Europe, Middle East and Africa (EMEA); Latin America, and Asia. In North America, the Company markets and distributes home appliances and small domestic appliances under a range of brand names.

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