Whirlpool (NYSE:WHR) Upgraded by Wells Fargo & Company to “Hold” Rating

Wells Fargo & Company upgraded shares of Whirlpool (NYSE:WHR) to a hold rating in a research report report published on Monday morning,Zacks.com reports.

A number of other equities research analysts have also recently commented on the stock. Wall Street Zen upgraded shares of Whirlpool from a “strong sell” rating to a “sell” rating in a report on Saturday, August 8th. Bank of America lowered their price objective on Whirlpool from $43.00 to $36.00 and set an “underperform” rating on the stock in a research report on Monday, June 22nd. Weiss Ratings reiterated a “sell (d)” rating on shares of Whirlpool in a research note on Wednesday, August 5th. Raymond James Financial reissued a “market perform” rating on shares of Whirlpool in a report on Wednesday, August 19th. Finally, JPMorgan Chase & Co. lowered their price target on Whirlpool from $59.00 to $52.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. One research analyst has rated the stock with a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $46.33.

Whirlpool Stock Down 0.5%

Shares of NYSE:WHR opened at $40.13 on Monday. The company has a current ratio of 1.15, a quick ratio of 0.71 and a debt-to-equity ratio of 1.74. The stock has a fifty day simple moving average of $39.30 and a two-hundred day simple moving average of $50.86. Whirlpool has a 12-month low of $35.45 and a 12-month high of $96.57. The stock has a market capitalization of $2.62 billion, a price-to-earnings ratio of 13.74, a PEG ratio of 17.93 and a beta of 1.16.

Whirlpool (NYSE:WHR) last issued its quarterly earnings results on Monday, August 3rd. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.15). Whirlpool had a net margin of 1.17% and a return on equity of 4.18%. The company had revenue of $3.52 billion for the quarter, compared to the consensus estimate of $3.55 billion. During the same quarter in the previous year, the business earned $1.34 earnings per share. Whirlpool’s revenue was down 6.8% compared to the same quarter last year. Whirlpool has set its FY 2026 guidance at 2.500-3.000 EPS. On average, research analysts anticipate that Whirlpool will post 2.25 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Whirlpool

Several hedge funds and other institutional investors have recently modified their holdings of WHR. California State Teachers Retirement System grew its stake in shares of Whirlpool by 3,928.1% during the 2nd quarter. California State Teachers Retirement System now owns 2,626,121 shares of the company’s stock valued at $103,522,000 after purchasing an additional 2,560,926 shares during the period. Angeles Wealth Management LLC increased its position in shares of Whirlpool by 1.2% during the 2nd quarter. Angeles Wealth Management LLC now owns 39,171 shares of the company’s stock valued at $1,544,000 after purchasing an additional 474 shares during the last quarter. AlphaGrep UK Ltd bought a new position in shares of Whirlpool in the 2nd quarter worth approximately $222,000. Syon Capital LLC purchased a new position in shares of Whirlpool in the second quarter worth approximately $380,000. Finally, Nykredit A S bought a new stake in Whirlpool during the second quarter valued at approximately $51,953,000. 90.78% of the stock is owned by institutional investors.

About Whirlpool

Whirlpool Corporation is a leading global manufacturer and marketer of home appliances, with a product portfolio that spans major categories such as laundry, refrigeration, cooking, dishwashing and small electrics. Headquartered in Benton Harbor, Michigan, the company designs, produces and distributes its appliances through a network of wholly owned manufacturing facilities, joint ventures and third-party partners. Whirlpool serves both retail and professional markets, offering products under its flagship Whirlpool brand as well as several well-known names including Maytag, KitchenAid, JennAir, Amana, Brastemp and Consul.

In its laundry segment, Whirlpool provides top- and front-load washing machines, dryers and combination units designed to balance energy efficiency, capacity and convenience.