WD-40 (NASDAQ:WDFC) Stock Price Down 0.3%

WD-40 (NASDAQ:WDFC) was down 0.3% during trading on Thursday . The company traded as low as $224.71 and last traded at $226.07. Approximately 12,853 shares traded hands during mid-day trading, a decline of 90% from the average daily volume of 133,311 shares. The stock had previously closed at $226.69.

Wall Street Analyst Weigh In

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

WD-40 Trading Down 0.7 %

The stock’s 50 day moving average is $251.04 and its two-hundred day moving average is $242.37. The company has a market capitalization of $3.05 billion, a PE ratio of 45.12 and a beta of -0.06. The company has a quick ratio of 1.56, a current ratio of 2.27 and a debt-to-equity ratio of 0.40.

WD-40 (NASDAQ:WDFC) last released its quarterly earnings data on Tuesday, April 9th. The specialty chemicals company reported $1.14 earnings per share for the quarter, topping 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 analyst estimates of $140.51 million. During the same period in the prior year, the firm earned $1.21 earnings per share. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. As a group, sell-side analysts predict that WD-40 will post 5.22 EPS for the current fiscal year.

WD-40 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 19th will be paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend is Thursday, April 18th. WD-40’s dividend payout ratio (DPR) is presently 70.26%.

Insider Buying and Selling

In other WD-40 news, CEO Steven A. Brass acquired 432 shares of the stock in a transaction that occurred on Tuesday, April 16th. The stock was bought at an average cost of $232.22 per share, with a total value of $100,319.04. Following the completion of the purchase, the chief executive officer now directly owns 20,547 shares in the company, valued at $4,771,424.34. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, VP Jeffrey G. Lindeman purchased 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, with a total value of $49,580.44. Following the completion of 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 filing with the SEC, which is accessible through this hyperlink. Also, CEO Steven A. Brass purchased 432 shares of the firm’s stock in a transaction on Tuesday, April 16th. The shares were purchased at an average cost of $232.22 per share, with a total value of $100,319.04. Following the completion of the transaction, the chief executive officer now owns 20,547 shares of the company’s stock, valued at approximately $4,771,424.34. The disclosure for this purchase can be found here. Insiders acquired a total of 942 shares of company stock valued at $226,897 over the last three months. 0.65% of the stock is owned by company insiders.

Hedge Funds Weigh In On WD-40

Hedge funds and other institutional investors have recently modified their holdings of the stock. Sequoia Financial Advisors LLC purchased a new position in shares of WD-40 in the 4th quarter valued at approximately $510,000. Profit Investment Management LLC purchased a new position in shares of WD-40 in the 4th quarter valued at approximately $2,892,000. Aviva PLC purchased a new position in shares of WD-40 in the 3rd quarter valued at approximately $586,000. Envestnet Asset Management Inc. raised its position in shares of WD-40 by 48.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 55,725 shares of the specialty chemicals company’s stock valued at $11,325,000 after purchasing an additional 18,205 shares during the last quarter. Finally, Invesco Ltd. raised its position in shares of WD-40 by 10.1% in the 3rd quarter. Invesco Ltd. now owns 59,841 shares of the specialty chemicals company’s stock valued at $12,162,000 after purchasing an additional 5,481 shares during the last quarter. 91.52% of the stock is owned by hedge funds and other 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.