WD-40 (NASDAQ:WDFC) Trading Down 0.7%

WD-40 (NASDAQ:WDFC) fell 0.7% during mid-day trading on Wednesday . The company traded as low as $232.75 and last traded at $233.09. 8,085 shares traded hands during mid-day trading, a decline of 94% from the average session volume of 127,878 shares. The stock had previously closed at $234.64.

Wall Street Analysts Forecast Growth

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

WD-40 Trading Up 0.2 %

The company has a quick ratio of 1.56, a current ratio of 2.27 and a debt-to-equity ratio of 0.40. The stock has a market cap of $3.19 billion, a PE ratio of 46.52 and a beta of -0.02. The stock has a 50-day moving average of $244.52 and a 200 day moving average of $244.21.

WD-40 (NASDAQ:WDFC) last released its quarterly earnings data on Tuesday, April 9th. The specialty chemicals company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.01. The company had revenue of $139.10 million during the quarter, compared to the consensus estimate of $140.51 million. WD-40 had a net margin of 12.19% and a return on equity of 32.30%. WD-40’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.21 EPS. As a group, sell-side analysts anticipate that WD-40 will post 5.22 earnings per share for the current year.

WD-40 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Friday, April 19th were issued a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend was Thursday, April 18th. WD-40’s payout ratio is currently 70.26%.

Insiders Place Their Bets

In other news, VP Jeffrey G. Lindeman bought 182 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were bought at an average cost of $272.42 per share, for a total transaction of $49,580.44. Following the acquisition, the vice president now directly owns 3,073 shares of the company’s stock, valued at approximately $837,146.66. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other WD-40 news, VP Jeffrey G. Lindeman acquired 182 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was bought at an average cost of $272.42 per share, for a total transaction of $49,580.44. Following the completion of 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Steven A. Brass bought 432 shares of WD-40 stock in a transaction on Tuesday, April 16th. The stock was acquired 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 directly owns 20,547 shares of the company’s stock, valued at $4,771,424.34. The disclosure for this purchase can be found here. Insiders purchased 942 shares of company stock valued at $226,897 in the last three months. 0.65% of the stock is currently owned by insiders.

Institutional Investors Weigh In On WD-40

A number of institutional investors have recently made changes to their positions in the stock. YHB Investment Advisors Inc. purchased a new stake in shares of WD-40 in the 1st quarter valued at $33,000. GAMMA Investing LLC purchased a new stake in WD-40 during the 4th quarter worth about $44,000. Pacer Advisors Inc. purchased a new position in shares of WD-40 in the 4th quarter valued at about $56,000. Principal Securities Inc. purchased a new stake in WD-40 during the fourth quarter worth approximately $60,000. Finally, Strs Ohio boosted its holdings in WD-40 by 100.0% in the third quarter. Strs Ohio now owns 400 shares of the specialty chemicals company’s stock valued at $81,000 after purchasing an additional 200 shares in the last quarter. 91.52% of the stock is currently owned by institutional investors and hedge funds.

About WD-40

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.