Daniel E. Pittard Buys 600 Shares of WD-40 Co. (WDFC) Stock
WD-40 Co. (NASDAQ:WDFC) Director Daniel E. Pittard acquired 600 shares of the business’s stock in a transaction dated Tuesday, November 8th. The shares were acquired at an average cost of $104.00 per share, with a total value of $62,400.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Daniel E. Pittard also recently made the following trade(s):
- On Monday, September 12th, Daniel E. Pittard acquired 295 shares of WD-40 stock. The shares were acquired at an average cost of $115.00 per share, with a total value of $33,925.00.
WD-40 Co. (NASDAQ:WDFC) opened at 105.30 on Friday. The company has a 50-day moving average of $109.36 and a 200 day moving average of $112.75. The company has a market cap of $1.49 billion, a P/E ratio of 28.93 and a beta of 0.69. WD-40 Co. has a one year low of $94.00 and a one year high of $125.00.
WD-40 (NASDAQ:WDFC) last posted its quarterly earnings results on Wednesday, October 19th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.17. The business earned $97.20 million during the quarter, compared to analysts’ expectations of $97.47 million. WD-40 had a net margin of 13.82% and a return on equity of 35.59%. The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the company posted $0.80 earnings per share. Analysts anticipate that WD-40 Co. will post $3.67 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, October 31st. Shareholders of record on Friday, October 21st were issued a $0.42 dividend. The ex-dividend date of this dividend was Wednesday, October 19th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.60%. WD-40’s dividend payout ratio is currently 46.15%.
A number of brokerages have recently issued reports on WDFC. Zacks Investment Research downgraded shares of WD-40 from a “hold” rating to a “sell” rating in a research report on Tuesday, September 6th. Jefferies Group began coverage on shares of WD-40 in a research report on Thursday, August 25th. They set a “hold” rating and a $120.00 price objective for the company. Wunderlich cut their price objective on shares of WD-40 from $115.00 to $100.00 and set a “hold” rating for the company in a research report on Thursday, October 20th. Finally, B. Riley reissued a “neutral” rating and set a $120.00 price objective on shares of WD-40 in a research report on Thursday, October 27th.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of Montreal Can bought a new position in WD-40 during the second quarter worth about $131,000. Hermes Investment Management Ltd. boosted its position in WD-40 by 133.7% in the second quarter. Hermes Investment Management Ltd. now owns 201,679 shares of the company’s stock worth $23,687,000 after buying an additional 115,394 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its position in WD-40 by 4.8% in the second quarter. Robeco Institutional Asset Management B.V. now owns 139,204 shares of the company’s stock worth $16,351,000 after buying an additional 6,421 shares in the last quarter. Capstone Asset Management Co. boosted its position in WD-40 by 7.6% in the second quarter. Capstone Asset Management Co. now owns 5,245 shares of the company’s stock worth $616,000 after buying an additional 370 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its position in WD-40 by 106.9% in the second quarter. BNP Paribas Arbitrage SA now owns 4,596 shares of the company’s stock worth $540,000 after buying an additional 2,375 shares in the last quarter. 76.27% of the stock is owned by institutional investors and hedge funds.
WD-40 Company Profile
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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