WD-40 (NASDAQ:WDFC) Shares Down 0.4%

WD-40 (NASDAQ:WDFC)’s share price fell 0.4% on Wednesday . The stock traded as low as $224.17 and last traded at $225.22. 14,426 shares were traded during trading, a decline of 89% from the average session volume of 133,807 shares. The stock had previously closed at $226.17.

Analyst Upgrades and Downgrades

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

WD-40 Stock Performance

The company’s 50-day moving average price is $251.76 and its 200 day moving average price is $242.48. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.56 and a current ratio of 2.27. The stock has a market capitalization of $3.07 billion, a PE ratio of 45.19 and a beta of -0.06.

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

WD-40 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 19th will be paid a $0.88 dividend. The ex-dividend date is Thursday, April 18th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.55%. WD-40’s dividend payout ratio is presently 70.26%.

Insider Transactions at WD-40

In related news, Director David Pendarvis purchased 328 shares of WD-40 stock in a transaction dated Friday, April 12th. The stock was purchased at an average cost of $234.75 per share, for a total transaction of $76,998.00. Following the completion of the purchase, the director now directly owns 4,934 shares of the company’s stock, valued at approximately $1,158,256.50. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Steven A. Brass bought 432 shares of the stock in a transaction dated Tuesday, April 16th. The shares were purchased at an average price of $232.22 per share, with a total value of $100,319.04. Following the completion of the acquisition, the chief executive officer now owns 20,547 shares of the company’s stock, valued at $4,771,424.34. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director David Pendarvis purchased 328 shares of the firm’s stock in a transaction that occurred on Friday, April 12th. The shares were acquired at an average cost of $234.75 per share, for a total transaction of $76,998.00. Following the purchase, the director now owns 4,934 shares of the company’s stock, valued at $1,158,256.50. The disclosure for this purchase can be found here. Insiders purchased 942 shares of company stock worth $226,897 over the last three months. 0.65% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On WD-40

Hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC bought a new position in WD-40 during the fourth quarter valued at $44,000. Pacer Advisors Inc. bought a new position in shares of WD-40 in the fourth quarter worth about $56,000. Principal Securities Inc. bought a new position in shares of WD-40 in the fourth quarter worth about $60,000. Strs Ohio grew its holdings in shares of 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 purchasing an additional 200 shares during the last quarter. Finally, Scarborough Advisors LLC bought a new position in shares of WD-40 in the fourth quarter worth about $104,000. Hedge funds and other 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.