WD-40 (NASDAQ:WDFC) Trading Up 0.1%

WD-40 (NASDAQ:WDFC)’s share price rose 0.1% on Thursday . The company traded as high as $236.98 and last traded at $235.46. Approximately 5,905 shares were traded during trading, a decline of 95% from the average daily volume of 127,298 shares. The stock had previously closed at $235.17.

Analyst Upgrades and Downgrades

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

WD-40 Stock Down 0.8 %

The company has a current ratio of 2.27, a quick ratio of 1.56 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $3.16 billion, a P/E ratio of 46.56 and a beta of -0.02. The company’s fifty day simple moving average is $243.89 and its 200 day simple moving average is $244.15.

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

WD-40 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, April 19th were paid a $0.88 dividend. The ex-dividend date of this dividend was Thursday, April 18th. This represents a $3.52 annualized dividend and a dividend yield of 1.51%. WD-40’s payout ratio is 70.26%.

Insider Buying and Selling

In other WD-40 news, VP Jeffrey G. Lindeman purchased 182 shares of the firm’s 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 purchase, the vice president now directly owns 3,073 shares in the company, valued at $837,146.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other WD-40 news, VP Jeffrey G. Lindeman purchased 182 shares of the firm’s 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 purchase, the vice president now directly owns 3,073 shares in the company, valued at $837,146.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David Pendarvis acquired 328 shares of WD-40 stock in a transaction on Friday, April 12th. The shares were purchased at an average price of $234.75 per share, with a total value of $76,998.00. Following the completion of the purchase, the director now owns 4,934 shares in the company, valued at approximately $1,158,256.50. The disclosure for this purchase can be found here. Insiders acquired a total of 942 shares of company stock worth $226,897 in the last three months. 0.65% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On WD-40

Large investors have recently bought and sold shares of the business. YHB Investment Advisors Inc. purchased a new stake in shares of WD-40 during the first quarter valued at $33,000. GAMMA Investing LLC purchased a new stake in WD-40 in the fourth quarter worth about $44,000. Pacer Advisors Inc. purchased a new stake in WD-40 in the fourth quarter worth about $56,000. Principal Securities Inc. purchased a new stake in WD-40 in the fourth quarter worth about $60,000. Finally, Strs Ohio lifted its stake in WD-40 by 100.0% in the third quarter. Strs Ohio now owns 400 shares of the specialty chemicals company’s stock worth $81,000 after acquiring an additional 200 shares during the period. Institutional investors 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.