Wouldn’t it be nice if you didn’t need to make a shopping list every time you ran out of an important necessity like dishwasher detergent? Well now, thanks to Whirlpool Corporation (NYSE:WHR) and Amazon, Inc. (NASDAQ:AMZN), you won’t need to.
That’s right, Whirlpool Corporation (NYSE:WHR) has announced that at CES 2016, they will be showing off their “Smart Kitchen Suite with the CareSync System”. This suite will feature a refrigerator, range and dishwasher and will all be integrated with Whirlpool Mobile which works with Amazon (NASDAQ:AMZN) Dash. Additionally, the company’s top-load washers and dryers also now will be integrated with Amazon Dash.
What does this mean for you? It means that new Whirlpool Corporation (NYSE:WHR) top-load washers and dryers as well as diswashers will be able to order your supplies for you as needed, and better yet, you will have them delievered to your front door in a matter of two days via Amazon Prime.
Shares of Whirlpool stock closed at $146.99 during the last trading session. It is down 20.29% since May 29, 2015 and is downtrending. It has underperformed the S&P500 by 18.16%.
From a total of 5 analysts covering Whirlpool (NYSE:WHR) stock, 4 rate it a “Buy”, 0 a “Sell”, and 1 a “Hold”. This means that 80% of the ratings are positive. The highest target price is $213 while the lowest target price is $171. The mean of all analyst targets is $186 which is 26.54% above today’s ($146.99) stock price. Whirlpool was the topic of 7 analyst reports since August 13, 2015 according to the firm StockzIntelligence Inc. M Partners maintained shares on December 7 with a “Buy” rating. Raymond James upgraded WHR stock in a recent report from October 26 to a “Strong Buy” rating. Finally, Goldman Sachs initiated the stock with a “Neutral” rating in a report they issued on an October 6.
The institutional sentiment increased to 0.98 in Q2 2015. It’s up 0.20, from 0.78 in 2015Q2. The ratio is positive, as 79 funds sold all their Whirlpool Corporation shares they owned while 176 reduced their positions. 58 funds bought stakes while 193 increased their total positions. Institutions now own 64.36 million shares which is 7.33% less than the previous share count of 69.45 million in 2015Q2.
Sphinx Trading Lp holds 17.67% of its total portfolio in Whirlpool Corporation, equating to 114,416 shares. Trinity Street Asset Management Llp owns 281,560 shares representing 11.32% of their total US portfolio. Moreover, Greenhaven Associates Inc has 7.65% of their total portfolio invested in the company, equating to 2.60 million shares. The United Kingdom-based Edinburgh Partners Ltd has a total of 7.28% of their portfolio invested in the stock. Appaloosa Management Lp, a New Jersey-based fund reported 1.13 million shares owned.
Whirlpool Corporation is a manufacturer and marketer of home appliances. The company has a market cap of $11.48 billion. The Firm makes 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. It has 17.17 P/E ratio. The Company’s reportable divisions consist of North America, Latin America, EMEA and Asia.