WD-40 Co. (WDFC) Declares Quarterly Dividend of $0.42
WD-40 Co. (NASDAQ:WDFC) announced a quarterly dividend on Tuesday, October 11th. Stockholders of record on Friday, October 21st will be given a dividend of 0.42 per share on Monday, October 31st. This represents a $1.68 annualized dividend and a dividend yield of 1.49%.
Shares of WD-40 (NASDAQ:WDFC) opened at 112.51 on Wednesday. WD-40 has a 52-week low of $90.31 and a 52-week high of $125.00. The stock’s 50 day moving average is $115.75 and its 200 day moving average is $112.52. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of 32.61 and a beta of 0.71.
Several research firms have issued reports on WDFC. Jefferies Group began coverage on WD-40 in a research note on Thursday, August 25th. They issued a “hold” rating and a $120.00 target price on the stock. Zacks Investment Research upgraded WD-40 from a “sell” rating to a “hold” rating in a research note on Wednesday, August 17th. Finally, B. Riley reiterated a “neutral” rating and issued a $106.00 target price on shares of WD-40 in a research note on Monday, July 11th.
In other WD-40 news, Director Daniel E. Pittard purchased 295 shares of the stock in a transaction on Monday, September 12th. The stock was acquired at an average price of $115.00 per share, with a total value of $33,925.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mario L. Crivello sold 400 shares of the firm’s stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $119.57, for a total value of $47,828.00. The disclosure for this sale can be found here. 3.84% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of the company. Advisor Group Inc. acquired a new stake in shares of WD-40 during the second quarter valued at $165,000. Raymond James & Associates increased its stake in shares of WD-40 by 30.6% in the second quarter. Raymond James & Associates now owns 2,936 shares of the company’s stock valued at $345,000 after buying an additional 688 shares in the last quarter. Axiom International Investors LLC DE increased its stake in shares of WD-40 by 14.3% in the second quarter. Axiom International Investors LLC DE now owns 49,158 shares of the company’s stock valued at $5,774,000 after buying an additional 6,155 shares in the last quarter. WBI Investments Inc. acquired a new stake in shares of WD-40 during the second quarter valued at $2,055,000. Finally, Teachers Advisors Inc. increased its stake in shares of WD-40 by 3.7% in the second quarter. Teachers Advisors Inc. now owns 22,637 shares of the company’s stock valued at $2,659,000 after buying an additional 815 shares in the last quarter. 75.97% of the stock is owned by institutional investors and hedge funds.
WD-40 Company, is a global consumer Products Company. As of August 31, 2012, the Company’s products included WD-40 Smart Straw, WD-40 Trigger Pro, 3-IN-ONE Professional Garage Door Lube, Spot Shot Pet Clean which is a non-aerosol Spot Shot trigger product, and a mildew stain remover under the X-14 brand.
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