Whirlpool (NYSE:WHR) Reaches New 12-Month Low – What’s Next?

Whirlpool Co. (NYSE:WHR)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as $75.03 and last traded at $76.45, with a volume of 197453 shares. The stock had previously closed at $78.84.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. The Goldman Sachs Group boosted their target price on shares of Whirlpool from $125.00 to $138.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. StockNews.com raised Whirlpool from a “sell” rating to a “hold” rating in a report on Tuesday, January 21st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $106.00.

Whirlpool Stock Up 0.1 %

The firm has a market capitalization of $4.27 billion, a P/E ratio of -13.16 and a beta of 1.31. The firm’s fifty day moving average price is $91.41 and its 200-day moving average price is $105.34. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.72 and a quick ratio of 0.44.

Whirlpool (NYSE:WHR) last announced its earnings results on Wednesday, January 29th. The company reported $4.57 earnings per share for the quarter, beating the consensus estimate of $4.26 by $0.31. Whirlpool had a positive return on equity of 21.89% and a negative net margin of 1.95%. During the same quarter in the previous year, the company earned $3.85 earnings per share. As a group, equities research analysts forecast that Whirlpool Co. will post 9.52 earnings per share for the current year.

Whirlpool Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 15th. Stockholders of record on Friday, May 16th will be paid a dividend of $1.75 per share. This represents a $7.00 annualized dividend and a dividend yield of 9.08%. The ex-dividend date of this dividend is Friday, May 16th. Whirlpool’s dividend payout ratio is presently -119.45%.

Hedge Funds Weigh In On Whirlpool

A number of hedge funds and other institutional investors have recently modified their holdings of WHR. Brown Lisle Cummings Inc. acquired a new stake in shares of Whirlpool during the fourth quarter valued at approximately $27,000. SBI Securities Co. Ltd. purchased a new stake in shares of Whirlpool in the fourth quarter worth approximately $30,000. GAMMA Investing LLC boosted its holdings in shares of Whirlpool by 323.1% during the fourth quarter. GAMMA Investing LLC now owns 275 shares of the company’s stock worth $31,000 after purchasing an additional 210 shares during the period. Nemes Rush Group LLC grew its position in Whirlpool by 79.1% during the fourth quarter. Nemes Rush Group LLC now owns 274 shares of the company’s stock valued at $31,000 after purchasing an additional 121 shares in the last quarter. Finally, Bogart Wealth LLC lifted its position in Whirlpool by 113.6% in the 4th quarter. Bogart Wealth LLC now owns 282 shares of the company’s stock worth $32,000 after buying an additional 150 shares in the last quarter. Institutional investors and hedge funds own 90.78% of the company’s stock.

Whirlpool Company Profile

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.