Gabelli & Co. Downgrades Whirlpool Corporation to Hold

Brokerage firm Gabelli & Co. Downgrades its rating on Whirlpool Corporation(NYSE:WHR). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by Gabelli & Co. was issued on Sep 12, 2016.

In a different note, On Jul 25, 2016, Raymond James said it Upgrades its rating on Whirlpool Corporation. The shares have been rated ‘Strong Buy’ by the firm. On Jul 22, 2016, Raymond James said it Downgrades its rating on Whirlpool Corporation. The shares have been rated ‘Market Perform’ by the firm.

Whirlpool Corporation (WHR) shares turned negative on Tuesdays trading session with the shares closing down -1.39 points or -0.86% at a volume of 7,51,967. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $162.855. The peak price level was also seen at $162.855 while the days lowest was $159.55. Finally the shares closed at $160.44. The 52-week high of the shares is $194.1 while the 52-week low is $123.6. According to the latest information available, the market cap of the company is $12,104 M.

Whirlpool Corporation(WHR) last announced its earnings results on Jul 22, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $5.20B. Analysts had an estimated revenue of $5.13B. Earnings per share were $3.50. Analysts had estimated an EPS of $3.37.

Several Insider Transactions has been reported to the SEC. On Sep 8, 2016, David T Szczupak (EXECUTIVE VICE PRESIDENT) sold 10,307 shares at $181.37 per share price.Also, On Aug 9, 2016, Marc R Bitzer (PRES & CHIEF OPERATING OFFICER) sold 9,510 shares at $190.00 per share price.On Aug 9, 2016, Jeff M Fettig (CHAIRMAN AND CEO) sold 91,000 shares at $189.43 per share price, according to the Form-4 filing with the securities and exchange commission.

Whirlpool Corporation is a manufacturer and marketer of home appliances. The Company manufactures products in 14 countries and markets products in nearly every country around the world under brand names such as Whirlpool KitchenAid Maytag Consul Brastemp Amana Bauknecht Jenn-Air and Indesit. The Company’s reportable segments consist of North America Latin America EMEA (Europe Middle East and Africa) and Asia. The Company manufactures and markets a line of home appliances and related products. Its principal products are laundry appliances refrigerators and freezers cooking appliances dishwashers mixers and other portable household appliances. It also produces hermetic compressors for refrigeration systems.

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