Whirlpool (WHR) Given a $146.00 Price Target at MKM Partners

MKM Partners set a $146.00 price target on Whirlpool (NYSE:WHR) in a report released on Tuesday. The firm currently has a hold rating on the stock.

A number of other research firms also recently commented on WHR. Goldman Sachs Group initiated coverage on shares of Whirlpool in a research report on Tuesday, October 2nd. They set a sell rating and a $107.00 target price on the stock. Zacks Investment Research raised shares of Whirlpool from a strong sell rating to a hold rating in a research report on Tuesday, September 25th. JPMorgan Chase & Co. downgraded shares of Whirlpool from an overweight rating to a neutral rating in a research report on Tuesday, October 9th. Cleveland Research reissued a hold rating on shares of Whirlpool in a research report on Wednesday, October 10th. Finally, Longbow Research downgraded shares of Whirlpool from a buy rating to a neutral rating and set a $185.00 target price on the stock. in a research report on Tuesday, July 24th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $154.00.

Shares of WHR opened at $106.89 on Tuesday. Whirlpool has a 1-year low of $102.85 and a 1-year high of $187.47. The stock has a market cap of $6.99 billion, a P/E ratio of 7.81, a P/E/G ratio of 0.83 and a beta of 1.54. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.92 and a quick ratio of 0.59.

Whirlpool (NYSE:WHR) last announced its quarterly earnings data on Monday, July 23rd. The company reported $3.20 earnings per share for the quarter, missing analysts’ consensus estimates of $3.63 by ($0.43). Whirlpool had a negative net margin of 2.62% and a positive return on equity of 20.73%. The company had revenue of $5.14 billion for the quarter, compared to the consensus estimate of $5.29 billion. During the same quarter in the previous year, the business earned $3.35 EPS. The company’s quarterly revenue was down 3.9% compared to the same quarter last year. Research analysts forecast that Whirlpool will post 14.11 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, December 15th. Stockholders of record on Friday, November 16th will be given a $1.15 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date is Thursday, November 15th. Whirlpool’s payout ratio is currently 33.48%.

In other news, Director Diane M. Dietz acquired 1,600 shares of the business’s stock in a transaction dated Thursday, July 26th. The shares were purchased at an average price of $124.26 per share, with a total value of $198,816.00. Following the transaction, the director now directly owns 8,339 shares in the company, valued at $1,036,204.14. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.83% of the stock is owned by insiders.

Institutional investors have recently modified their holdings of the company. Assetmark Inc. grew its position in shares of Whirlpool by 88.1% in the 1st quarter. Assetmark Inc. now owns 713 shares of the company’s stock worth $109,000 after buying an additional 334 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new position in shares of Whirlpool in the 2nd quarter worth approximately $111,000. FNY Investment Advisers LLC purchased a new stake in Whirlpool during the 2nd quarter worth approximately $123,000. Norway Savings Bank purchased a new stake in Whirlpool during the 2nd quarter worth approximately $132,000. Finally, First Hawaiian Bank purchased a new stake in Whirlpool during the 3rd quarter worth approximately $160,000. 93.25% of the stock is currently owned by hedge funds and other institutional investors.

About Whirlpool

Whirlpool Corporation manufactures and markets home appliances and related products. It operates through four segments: North America; Europe, Middle East and Africa; Latin America; and Asia. The company's principal products include laundry appliances, refrigerators and freezers, cooking appliances, dishwashers, mixers, and other small domestic appliances.

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Analyst Recommendations for Whirlpool (NYSE:WHR)

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