WD-40 (NASDAQ:WDFC) Shares Down 1%

WD-40 (NASDAQ:WDFC) fell 1% on Monday . The company traded as low as $227.55 and last traded at $227.55. 9,749 shares changed hands during trading, a decline of 93% from the average session volume of 133,819 shares. The stock had previously closed at $229.85.

Analysts Set New Price Targets

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

WD-40 Stock Down 0.3 %

The stock’s 50 day simple moving average is $251.76 and its two-hundred day simple moving average is $242.48. The firm has a market cap of $3.06 billion, a P/E ratio of 45.14 and a beta of -0.06. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.27 and a quick ratio of 1.56.

WD-40 (NASDAQ:WDFC) last announced its quarterly earnings results on Tuesday, April 9th. The specialty chemicals company reported $1.14 earnings per share for the quarter, beating the consensus estimate 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%. The firm’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.21 earnings per share. As a group, research analysts forecast that WD-40 will post 5.22 earnings per share for the current year.

WD-40 Announces Dividend

The company also recently declared 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 annualized dividend 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 Activity at WD-40

In other news, Director David Pendarvis purchased 328 shares of WD-40 stock in a transaction that occurred on Friday, April 12th. The stock was bought at an average price of $234.75 per share, with a total value of $76,998.00. Following the completion of the transaction, the director now directly owns 4,934 shares of the company’s stock, valued at $1,158,256.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, VP Jeffrey G. Lindeman bought 182 shares of the business’s stock in a transaction on Monday, February 12th. The stock was acquired at an average price of $272.42 per share, with a total value of $49,580.44. Following the transaction, the vice president now owns 3,073 shares in the company, valued at approximately $837,146.66. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director David Pendarvis bought 328 shares of the business’s stock in a transaction on Friday, April 12th. The stock was bought at an average cost of $234.75 per share, with a total value of $76,998.00. Following the transaction, 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 bought 942 shares of company stock valued at $226,897 over the last 90 days. Corporate insiders own 0.65% of the company’s stock.

Institutional Investors Weigh In On WD-40

A number of large investors have recently added to or reduced their stakes in WDFC. APG Asset Management US Inc. purchased a new position in shares of WD-40 during the 4th quarter worth $38,142,000. Norges Bank purchased a new position in shares of WD-40 during the 4th quarter worth $19,697,000. Comerica Bank purchased a new position in shares of WD-40 during the 3rd quarter worth $6,223,000. Conestoga Capital Advisors LLC boosted its stake in shares of WD-40 by 6.4% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 311,245 shares of the specialty chemicals company’s stock worth $63,257,000 after acquiring an additional 18,812 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of WD-40 by 48.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 55,725 shares of the specialty chemicals company’s stock worth $11,325,000 after acquiring an additional 18,205 shares during the last quarter. Institutional investors own 91.52% of the company’s stock.

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.