Whirlpool (NYSE:WHR) PT Lowered to $205.00 at JPMorgan Chase & Co.

Whirlpool (NYSE:WHRGet Rating) had its target price decreased by JPMorgan Chase & Co. from $221.00 to $205.00 in a report issued on Wednesday morning, The Fly reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

WHR has been the topic of a number of other reports. Cfra cut Whirlpool to a sell rating and set a $180.00 price target on the stock. in a report on Friday, April 8th. Royal Bank of Canada lifted their target price on Whirlpool from $190.00 to $195.00 in a report on Friday, January 28th. The Goldman Sachs Group reduced their target price on Whirlpool from $280.00 to $220.00 and set a buy rating on the stock in a report on Tuesday, April 12th. Zacks Investment Research cut Whirlpool from a buy rating to a hold rating and set a $198.00 target price on the stock. in a report on Wednesday, March 30th. Finally, StockNews.com started coverage on Whirlpool in a report on Thursday, March 31st. They issued a hold rating on the stock. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of Hold and a consensus price target of $202.57.

WHR stock opened at $173.82 on Wednesday. The company has a market cap of $10.19 billion, a P/E ratio of 6.13, a price-to-earnings-growth ratio of 1.04 and a beta of 1.71. Whirlpool has a 1 year low of $164.52 and a 1 year high of $257.68. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.14 and a quick ratio of 0.82. The stock’s fifty day moving average price is $187.39 and its 200-day moving average price is $207.34.

Whirlpool (NYSE:WHRGet Rating) last released its quarterly earnings results on Wednesday, January 26th. The company reported $6.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $5.88 by $0.26. Whirlpool had a return on equity of 32.84% and a net margin of 8.11%. The firm had revenue of $5.82 billion for the quarter, compared to the consensus estimate of $5.88 billion. During the same period last year, the business posted $6.64 EPS. The company’s revenue for the quarter was up .3% on a year-over-year basis. As a group, analysts expect that Whirlpool will post 27.28 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Friday, May 20th will be given a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date is Thursday, May 19th. Whirlpool’s payout ratio is presently 24.67%.

Whirlpool announced that its Board of Directors has authorized a share repurchase plan on Monday, February 14th that authorizes the company to buyback $2.00 billion in outstanding shares. This buyback authorization authorizes the company to purchase up to 16.8% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

In other news, Director Gary T. Dicamillo sold 1,000 shares of the business’s stock in a transaction on Tuesday, February 1st. The shares were sold at an average price of $209.90, for a total transaction of $209,900.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.33% of the stock is owned by insiders.

Large investors have recently bought and sold shares of the business. Ellevest Inc. boosted its holdings in Whirlpool by 1,020.0% in the fourth quarter. Ellevest Inc. now owns 112 shares of the company’s stock valued at $26,000 after purchasing an additional 102 shares during the last quarter. Salem Investment Counselors Inc. purchased a new stake in Whirlpool in the fourth quarter valued at $26,000. Bivin & Associates Inc. purchased a new stake in Whirlpool in the fourth quarter valued at $33,000. Concord Wealth Partners purchased a new stake in Whirlpool in the fourth quarter valued at $34,000. Finally, Alpha Paradigm Partners LLC purchased a new stake in Whirlpool in the fourth quarter valued at $38,000. 94.94% of the stock is currently owned by institutional investors.

About Whirlpool (Get Rating)

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 refrigerators, freezers, ice makers, and refrigerator water filters; laundry appliances and related laundry accessories; cooking and other small domestic appliances; and dishwasher appliances and related accessories, as well as mixers.

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