Whirlpool (NYSE:WHR) Hits New 52-Week High – What’s Next?

Whirlpool Co. (NYSE:WHR)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $135.12 and last traded at $135.23, with a volume of 172245 shares traded. The stock had previously closed at $132.07.

Wall Street Analyst Weigh In

WHR has been the subject of a number of analyst reports. JPMorgan Chase & Co. increased 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. Bank of America lifted their price target on shares of Whirlpool from $101.00 to $103.00 and gave the stock an “underperform” rating in a research note on Friday, October 25th. StockNews.com upgraded shares of Whirlpool from a “sell” rating to a “hold” rating in a research note on Tuesday, January 21st. The Goldman Sachs Group lifted their price target on Whirlpool from $125.00 to $138.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Finally, Royal Bank of Canada cut their price objective on Whirlpool from $76.00 to $74.00 and set an “underperform” rating on the stock in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Whirlpool currently has a consensus rating of “Hold” and a consensus price target of $112.80.

Whirlpool Stock Performance

The company has a market capitalization of $7.32 billion, a price-to-earnings ratio of 13.09 and a beta of 1.44. The stock has a 50 day simple moving average of $118.39 and a 200 day simple moving average of $108.10. The company has a quick ratio of 0.55, a current ratio of 0.94 and a debt-to-equity ratio of 1.94.

Hedge Funds Weigh In On Whirlpool

Several institutional investors have recently modified their holdings of WHR. Brown Lisle Cummings Inc. acquired a new position in shares of Whirlpool during the fourth quarter valued at $27,000. GAMMA Investing LLC increased its stake in Whirlpool by 323.1% during the 4th quarter. GAMMA Investing LLC now owns 275 shares of the company’s stock valued at $31,000 after buying an additional 210 shares during the period. Legend Financial Advisors Inc. bought a new stake in shares of Whirlpool during the 4th quarter worth about $34,000. HHM Wealth Advisors LLC lifted its stake in shares of Whirlpool by 216.0% in the 4th quarter. HHM Wealth Advisors LLC now owns 316 shares of the company’s stock worth $36,000 after acquiring an additional 216 shares during the period. Finally, UMB Bank n.a. boosted its holdings in shares of Whirlpool by 56.4% in the fourth quarter. UMB Bank n.a. now owns 319 shares of the company’s stock valued at $37,000 after acquiring an additional 115 shares in the last quarter. Institutional investors own 90.78% of the company’s stock.

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.