JPMorgan Chase & Co. lowered shares of Whirlpool (NYSE:WHR) from an overweight rating to a neutral rating in a research report sent to investors on Tuesday, MarketBeat Ratings reports.

A number of other analysts have also weighed in on WHR. Zacks Investment Research lowered shares of Whirlpool from a hold rating to a sell rating in a report on Saturday, July 7th. Standpoint Research started coverage on shares of Whirlpool in a report on Tuesday, July 10th. They set a buy rating for the company. Longbow Research lowered shares of Whirlpool from a buy rating to a neutral rating and set a $185.00 target price for the company. in a report on Tuesday, July 24th. Credit Suisse Group set a $175.00 target price on shares of Whirlpool and gave the stock a buy rating in a report on Tuesday, July 24th. Finally, Royal Bank of Canada lowered shares of Whirlpool from an outperform rating to a sector perform rating in a report on Wednesday, July 25th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of Hold and an average price target of $171.88.

Whirlpool stock opened at $103.85 on Tuesday. The company has a quick ratio of 0.59, a current ratio of 0.92 and a debt-to-equity ratio of 1.43. The stock has a market cap of $7.67 billion, a PE ratio of 7.59, a PEG ratio of 0.90 and a beta of 1.54. Whirlpool has a 1-year low of $102.85 and a 1-year high of $187.47.

Whirlpool (NYSE:WHR) last posted its earnings results on Monday, July 23rd. The company reported $3.20 earnings per share for the quarter, missing the Zacks’ consensus estimate of $3.63 by ($0.43). The firm had revenue of $5.14 billion for the quarter, compared to analysts’ expectations of $5.29 billion. Whirlpool had a positive return on equity of 20.73% and a negative net margin of 2.62%. The business’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.35 earnings per share. Sell-side analysts predict that Whirlpool will post 14.2 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Saturday, September 15th. Shareholders of record on Friday, August 31st were issued a $1.15 dividend. The ex-dividend date of this dividend was Thursday, August 30th. This represents a $4.60 annualized dividend and a yield of 4.43%. Whirlpool’s dividend payout ratio (DPR) is presently 33.48%.

In related news, Director Diane M. Dietz acquired 1,600 shares of the stock in a transaction on Thursday, July 26th. The stock was acquired at an average cost of $124.26 per share, for a total transaction of $198,816.00. Following the completion of the acquisition, the director now directly owns 8,339 shares of the company’s stock, valued at approximately $1,036,204.14. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.83% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in Whirlpool by 2.6% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,055,986 shares of the company’s stock worth $314,791,000 after buying an additional 51,438 shares during the period. LSV Asset Management lifted its holdings in shares of Whirlpool by 12.1% during the second quarter. LSV Asset Management now owns 1,899,080 shares of the company’s stock valued at $277,702,000 after purchasing an additional 205,203 shares during the last quarter. Newport Trust Co lifted its holdings in shares of Whirlpool by 1.7% during the second quarter. Newport Trust Co now owns 1,377,818 shares of the company’s stock valued at $201,478,000 after purchasing an additional 23,169 shares during the last quarter. Iridian Asset Management LLC CT purchased a new position in shares of Whirlpool during the second quarter valued at approximately $125,557,000. Finally, Levin Capital Strategies L.P. lifted its holdings in shares of Whirlpool by 13.1% during the second quarter. Levin Capital Strategies L.P. now owns 825,876 shares of the company’s stock valued at $120,768,000 after purchasing an additional 95,405 shares during the last quarter. Institutional investors and hedge funds own 93.15% of the company’s stock.

Whirlpool Company Profile

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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