WD-40 (NASDAQ:WDFC) Trading Up 1.1%

WD-40 (NASDAQ:WDFC)’s stock price traded up 1.1% during trading on Thursday . The stock traded as high as $228.82 and last traded at $228.82. 7,447 shares were traded during trading, a decline of 94% from the average session volume of 130,395 shares. The stock had previously closed at $226.31.

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 Performance

The company has a debt-to-equity ratio of 0.40, a current ratio of 2.27 and a quick ratio of 1.56. The business has a 50 day moving average price of $245.89 and a 200 day moving average price of $243.27. The stock has a market capitalization of $3.12 billion, a PE ratio of 45.91 and a beta of -0.02.

WD-40 (NASDAQ:WDFC) last announced its quarterly earnings data on Tuesday, April 9th. The specialty chemicals company reported $1.14 EPS for the quarter, beating the consensus estimate of $1.13 by $0.01. The company had revenue of $139.10 million for 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 revenue for the quarter was up 6.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.21 EPS. As a group, equities research analysts expect that WD-40 will post 5.22 earnings per share for the current year.

WD-40 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, April 19th were given a $0.88 dividend. The ex-dividend date of this dividend was Thursday, April 18th. This represents a $3.52 annualized dividend and a yield of 1.53%. WD-40’s dividend payout ratio (DPR) is presently 70.26%.

Insider Buying and Selling at WD-40

In other WD-40 news, VP Jeffrey G. Lindeman bought 182 shares of the firm’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 $837,146.66. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, VP Jeffrey G. Lindeman bought 182 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was acquired at an average cost of $272.42 per share, for a total transaction of $49,580.44. Following the purchase, the vice president now owns 3,073 shares in the company, valued at $837,146.66. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, CEO Steven A. Brass purchased 432 shares of the stock in a transaction dated Tuesday, April 16th. The shares were purchased at an average cost of $232.22 per share, for a total transaction of $100,319.04. Following the completion of the acquisition, the chief executive officer now directly owns 20,547 shares in the company, valued at $4,771,424.34. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 942 shares of company stock worth $226,897. Insiders own 0.65% of the company’s stock.

Institutional Investors Weigh In On WD-40

Large investors have recently made changes to their positions in the company. APG Asset Management US Inc. purchased a new position in shares of WD-40 in the fourth quarter worth approximately $38,142,000. Norges Bank bought a new position in WD-40 in the 4th quarter worth $19,697,000. Comerica Bank bought a new position in WD-40 in the 3rd quarter worth $6,223,000. Conestoga Capital Advisors LLC lifted its position in WD-40 by 6.4% during the third quarter. Conestoga Capital Advisors LLC now owns 311,245 shares of the specialty chemicals company’s stock valued at $63,257,000 after purchasing an additional 18,812 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of WD-40 by 48.5% in the third quarter. Envestnet Asset Management Inc. now owns 55,725 shares of the specialty chemicals company’s stock worth $11,325,000 after buying an additional 18,205 shares during the period. 91.52% of the stock is currently owned by institutional investors.

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.