WD-40 (NASDAQ:WDFC) Shares Down 0.3%

WD-40 (NASDAQ:WDFC)’s stock price traded down 0.3% during trading on Thursday . The company traded as low as $224.71 and last traded at $226.07. 12,853 shares traded hands during trading, a decline of 90% from the average session volume of 133,311 shares. The stock had previously closed at $226.69.

Analyst Upgrades and Downgrades

Separately, DA Davidson reaffirmed a “buy” rating and set a $313.00 price objective on shares of WD-40 in a report on Wednesday, April 10th.

WD-40 Stock Up 0.1 %

The business’s fifty day moving average price is $249.53 and its 200 day moving average price is $242.40. The company has a market capitalization of $3.06 billion, a P/E ratio of 45.01 and a beta of -0.06. The company has a current ratio of 2.27, a quick ratio of 1.56 and a debt-to-equity ratio of 0.40.

WD-40 (NASDAQ:WDFC) last announced its earnings results on Tuesday, April 9th. The specialty chemicals company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.01. The business had revenue of $139.10 million during the quarter, compared to analysts’ expectations of $140.51 million. WD-40 had a net margin of 12.19% and a return on equity of 32.30%. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter last year, the company posted $1.21 EPS. As a group, equities research analysts predict that WD-40 will post 5.22 earnings per share for the current fiscal year.

WD-40 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 19th will be given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend is Thursday, April 18th. WD-40’s dividend payout ratio (DPR) is currently 70.26%.

Insider Buying and Selling

In related news, VP Jeffrey G. Lindeman acquired 182 shares of the stock in a transaction on Monday, February 12th. The stock was purchased at an average price of $272.42 per share, for a total transaction of $49,580.44. Following the transaction, the vice president now owns 3,073 shares of the company’s stock, valued at approximately $837,146.66. The acquisition was disclosed in a filing with the SEC, which is available through this link. In related news, CEO Steven A. Brass acquired 432 shares of the stock in a transaction on Tuesday, April 16th. The stock was purchased at an average price of $232.22 per share, for a total transaction of $100,319.04. Following the transaction, the chief executive officer now owns 20,547 shares of the company’s stock, valued at approximately $4,771,424.34. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, VP Jeffrey G. Lindeman acquired 182 shares of the stock in a transaction on Monday, February 12th. The stock was bought at an average price of $272.42 per share, with a total value of $49,580.44. Following the transaction, the vice president now directly owns 3,073 shares in the company, valued at approximately $837,146.66. The disclosure for this purchase can be found here. Insiders bought 942 shares of company stock worth $226,897 in the last quarter. 0.65% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On WD-40

Several institutional investors have recently modified their holdings of WDFC. YHB Investment Advisors Inc. acquired a new stake in shares of WD-40 during the 1st quarter worth approximately $33,000. GAMMA Investing LLC acquired a new stake in shares of WD-40 during the 4th quarter worth approximately $44,000. Pacer Advisors Inc. acquired a new stake in shares of WD-40 during the 4th quarter worth approximately $56,000. Principal Securities Inc. acquired a new stake in shares of WD-40 during the 4th quarter worth approximately $60,000. Finally, Strs Ohio grew its position in shares of WD-40 by 100.0% during the 3rd quarter. Strs Ohio now owns 400 shares of the specialty chemicals company’s stock worth $81,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 91.52% of the company’s stock.

WD-40 Company Profile

WD-40 Company develops and sells maintenance products, and homecare and cleaning products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company provides multi-purpose maintenance products that include aerosol sprays, non-aerosol trigger sprays, precision pens, and in liquid-bulk form products under the WD-40 Multi-Use brand name; specialty maintenance products, such as penetrants, degreasers, corrosion inhibitors, greases, lubricants, and rust removers under the WD-40 Specialist brand; and bike-specific products.