Whirlpool (NYSE:WHR) Stock Price Down 4% – What’s Next?

by · The Cerbat Gem

Whirlpool Co. (NYSE:WHR – Get Free Report)’s stock price fell 4% during trading on Friday . The stock traded as low as $105.92 and last traded at $105.92. 406,555 shares were traded during mid-day trading, a decline of 66% from the average session volume of 1,195,922 shares. The stock had previously closed at $110.37.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Bank of America lifted their target price on Whirlpool from $101.00 to $103.00 and gave the company an “underperform” rating in a research report on Friday. Royal Bank of Canada cut their target price on Whirlpool from $79.00 to $76.00 and set an “underperform” rating for the company in a research report on Friday, July 26th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Whirlpool presently has an average rating of “Hold” and an average target price of $107.50.

Check Out Our Latest Research Report on Whirlpool

Whirlpool Stock Performance

The company has a market capitalization of $5.72 billion, a P/E ratio of 10.78 and a beta of 1.44. The business has a 50 day moving average of $101.86 and a 200 day moving average of $98.97. The company has a quick ratio of 0.58, a current ratio of 0.96 and a debt-to-equity ratio of 1.88.

Whirlpool (NYSE:WHR – Get Free Report) last posted its earnings results on Wednesday, October 23rd. The company reported $3.43 earnings per share for the quarter, beating analysts’ consensus estimates of $2.99 by $0.44. The firm had revenue of $3.99 billion during the quarter, compared to analyst estimates of $4.09 billion. Whirlpool had a net margin of 2.89% and a return on equity of 27.67%. Whirlpool’s revenue for the quarter was down 18.9% compared to the same quarter last year. During the same period last year, the firm posted $5.45 earnings per share. On average, sell-side analysts predict that Whirlpool Co. will post 11.24 earnings per share for the current year.

Whirlpool Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Friday, November 15th will be given a dividend of $1.75 per share. The ex-dividend date is Friday, November 15th. This represents a $7.00 dividend on an annualized basis and a yield of 6.72%. Whirlpool’s dividend payout ratio (DPR) is presently 72.39%.

Insider Transactions at Whirlpool

In related news, EVP Juan Carlos Puente sold 3,266 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $100.00, for a total transaction of $326,600.00. Following the sale, the executive vice president now owns 19,070 shares in the company, valued at approximately $1,907,000. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.05% of the company’s stock.

Hedge Funds Weigh In On Whirlpool

Large investors have recently bought and sold shares of the business. SouthState Corp bought a new position in Whirlpool in the second quarter worth approximately $28,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Whirlpool in the second quarter valued at about $32,000. Altshuler Shaham Ltd purchased a new stake in shares of Whirlpool in the 2nd quarter worth approximately $32,000. EverSource Wealth Advisors LLC boosted its stake in shares of 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 purchasing an additional 384 shares in the last quarter. Finally, UMB Bank n.a. increased its holdings in Whirlpool by 80.6% during the second quarter. UMB Bank n.a. now owns 428 shares of the company’s stock valued at $44,000 after buying an additional 191 shares during the period. Hedge funds and other institutional investors own 90.78% of the company’s stock.

About Whirlpool

(Get Free Report)

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.

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