Whirlpool (WHR) Gets a Hold Rating from Raymond James

Raymond James analyst Sam Darkatsh maintained a Hold rating on Whirlpool (WHRResearch Report) yesterday. The company’s shares closed last Wednesday at $190.98, close to its 52-week high of $214.68.

According to TipRanks.com, Darkatsh is a 4-star analyst with an average return of 5.5% and a 56.0% success rate. Darkatsh covers the Industrial Goods sector, focusing on stocks such as Beacon Roofing Supply, Genuine Parts Company, and Wesco International.

The word on The Street in general, suggests a Hold analyst consensus rating for Whirlpool with a $183.00 average price target.

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Based on Whirlpool’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $5.8 billion and net profit of $497 million. In comparison, last year the company earned revenue of $5.38 billion and had a net profit of $288 million.

Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of WHR in relation to earlier this year. Last month, Joao Carlos Brega, the EVP of WHR sold 9,866 shares for a total of $1,880,139.

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Whirlpool Corp. is engaged in manufacturing and marketing home appliances. The company’s products include home laundry appliances, home refrigerators and freezers, home cooking appliances, home dishwashers, and room air-conditioning equipment, mixers, and portable household appliances. Its brands include Whirlpool, KitchenAid, Maytag, Consul, Brastemp,Amana, Bauknecht, JennAir, and Indesit. The company operates through the following segments: North America; Europe, Middle East & Africa; Latin America; and Asia. Whirlpool was founded by Emory Upton, Fred Upton, and Louis C. Upton in 1898 and is headquartered in Benton Harbor, MI.