Whirlpool (NYSE:WHR) Upgraded at StockNews.com

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

WHR has been the subject of a number of other research reports. The Goldman Sachs Group upped their price objective on shares of Whirlpool from $125.00 to $138.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. JPMorgan Chase & Co. upped their price target on Whirlpool from $103.00 to $109.00 and gave the company a “neutral” rating in a report on Tuesday, October 29th. Royal Bank of Canada decreased their price objective on Whirlpool from $76.00 to $74.00 and set an “underperform” rating on the stock in a report on Friday, October 25th. Finally, Bank of America boosted their price objective on Whirlpool from $101.00 to $103.00 and gave the company an “underperform” rating in a research report on Friday, October 25th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $112.80.

Whirlpool Stock Performance

WHR opened at $130.07 on Tuesday. The company has a quick ratio of 0.55, a current ratio of 0.94 and a debt-to-equity ratio of 1.94. The stock’s 50 day moving average price is $116.40 and its two-hundred day moving average price is $107.07. The firm has a market capitalization of $7.17 billion, a P/E ratio of 12.83 and a beta of 1.44. Whirlpool has a 12-month low of $84.18 and a 12-month high of $130.85.

Whirlpool (NYSE:WHR) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $3.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.99 by $0.44. The business had revenue of $3.99 billion for the quarter, compared to the consensus estimate of $4.09 billion. Whirlpool had a net margin of 3.19% and a return on equity of 21.41%. Whirlpool’s quarterly revenue was down 18.9% on a year-over-year basis. During the same quarter last year, the company posted $5.45 earnings per share. On average, equities analysts forecast that Whirlpool will post 12.27 earnings per share for the current year.

Insider Buying and Selling at Whirlpool

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

Institutional Investors Weigh In On Whirlpool

Institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC grew 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 purchasing an additional 210 shares during the period. Legend Financial Advisors Inc. bought a new position in shares of Whirlpool during the fourth quarter worth $34,000. UMB Bank n.a. grew its holdings in shares of Whirlpool by 56.4% in the 4th quarter. UMB Bank n.a. now owns 319 shares of the company’s stock valued at $37,000 after buying an additional 115 shares during the period. True Wealth Design LLC increased its position in shares of Whirlpool by 545.5% in the 3rd quarter. True Wealth Design LLC now owns 355 shares of the company’s stock valued at $38,000 after buying an additional 300 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in Whirlpool by 1,010.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 422 shares of the company’s stock worth $43,000 after buying an additional 384 shares during the period. 90.78% of the stock is owned by institutional investors and hedge funds.

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.