WD-40 (NASDAQ:WDFC) insider Michael L. Freeman sold 4,861 shares of the firm’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $119.58, for a total value of $581,278.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of WD-40 (NASDAQ WDFC) traded up $3.10 during trading on Wednesday, reaching $123.30. The company had a trading volume of 63,780 shares, compared to its average volume of 67,696. WD-40 has a one year low of $100.60 and a one year high of $129.85. The company has a market cap of $1,682.49, a PE ratio of 31.63, a P/E/G ratio of 3.06 and a beta of 0.59. The company has a current ratio of 3.90, a quick ratio of 3.29 and a debt-to-equity ratio of 1.05.

WD-40 (NASDAQ:WDFC) last announced its earnings results on Tuesday, January 9th. The specialty chemicals company reported $0.90 EPS for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.07. WD-40 had a return on equity of 39.23% and a net margin of 13.84%. The company had revenue of $97.60 million for the quarter, compared to analysts’ expectations of $93.00 million. During the same period last year, the firm earned $0.82 EPS. WD-40’s revenue for the quarter was up 9.4% compared to the same quarter last year. equities research analysts anticipate that WD-40 will post 3.94 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Friday, January 19th were issued a $0.54 dividend. This is a boost from WD-40’s previous quarterly dividend of $0.49. This represents a $2.16 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend was Thursday, January 18th. WD-40’s dividend payout ratio (DPR) is currently 56.84%.

A number of institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. raised its holdings in WD-40 by 27.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 48,829 shares of the specialty chemicals company’s stock worth $5,762,000 after purchasing an additional 10,604 shares during the period. Deutsche Bank AG raised its holdings in WD-40 by 44.5% in the 4th quarter. Deutsche Bank AG now owns 41,143 shares of the specialty chemicals company’s stock worth $4,853,000 after purchasing an additional 12,665 shares during the period. VGI PARTNERS PTY Ltd raised its holdings in WD-40 by 28.5% in the 4th quarter. VGI PARTNERS PTY Ltd now owns 357,956 shares of the specialty chemicals company’s stock worth $42,239,000 after purchasing an additional 79,459 shares during the period. Renaissance Technologies LLC raised its holdings in WD-40 by 4.4% in the 4th quarter. Renaissance Technologies LLC now owns 614,585 shares of the specialty chemicals company’s stock worth $72,521,000 after purchasing an additional 25,800 shares during the period. Finally, Geode Capital Management LLC raised its holdings in WD-40 by 4.1% in the 4th quarter. Geode Capital Management LLC now owns 130,351 shares of the specialty chemicals company’s stock worth $15,381,000 after purchasing an additional 5,154 shares during the period. 81.96% of the stock is currently owned by institutional investors.

A number of research firms have recently issued reports on WDFC. Zacks Investment Research downgraded WD-40 from a “buy” rating to a “hold” rating in a research note on Sunday, January 21st. B. Riley restated a “hold” rating and issued a $125.00 price target on shares of WD-40 in a research note on Thursday, January 18th. BidaskClub downgraded WD-40 from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Finally, FBR & Co restated a “neutral” rating and issued a $122.00 price target (up from $115.00) on shares of WD-40 in a research note on Friday, October 20th. Five investment analysts have rated the stock with a hold rating, WD-40 has a consensus rating of “Hold” and an average target price of $123.75.

COPYRIGHT VIOLATION WARNING: This piece was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece on another site, it was copied illegally and reposted in violation of international copyright law. The correct version of this piece can be viewed at https://www.thecerbatgem.com/2018/02/14/wd-40-wdfc-insider-michael-l-freeman-sells-4861-shares.html.

WD-40 Company Profile

WD-40 Company is a global company engaged in developing and selling products, which solve problems in workshops, factories and homes. The Company’s segments include the Americas; Europe, Middle East and Africa (EMEA), and Asia-Pacific. The Company’s Americas segment includes the United States, Canada and Latin America.

Insider Buying and Selling by Quarter for WD-40 (NASDAQ:WDFC)

Receive News & Ratings for WD-40 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WD-40 and related companies with MarketBeat.com's FREE daily email newsletter.