WD-40 (WDFC) Insider Michael L. Freeman Sells 4,861 Shares
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.
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.
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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.
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