WD-40 (NASDAQ:WDFC) Stock Price Up 0.7%

WD-40 (NASDAQ:WDFC)’s share price rose 0.7% during trading on Friday . The company traded as high as $226.81 and last traded at $226.81. Approximately 6,758 shares traded hands during mid-day trading, a decline of 95% from the average daily volume of 132,591 shares. The stock had previously closed at $225.20.

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 report on Wednesday, April 10th.

WD-40 Trading Up 0.1 %

The stock has a market cap of $3.06 billion, a price-to-earnings ratio of 45.15 and a beta of -0.06. The business’s fifty day simple moving average is $250.25 and its 200 day simple moving average is $242.25. 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 (EPS) for the quarter, beating 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 company had revenue of $139.10 million during the quarter, compared to the consensus estimate of $140.51 million. During the same quarter in the previous year, the company posted $1.21 earnings per share. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. On average, research analysts predict that WD-40 will post 5.22 EPS for the current year.

WD-40 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 19th will be given a $0.88 dividend. This represents a $3.52 annualized dividend 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 news, CEO Steven A. Brass purchased 432 shares of the business’s stock in a transaction dated Tuesday, April 16th. The shares were acquired at an average price 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 of the company’s stock, valued at $4,771,424.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other WD-40 news, CEO Steven A. Brass bought 432 shares of the firm’s stock in a transaction dated Tuesday, April 16th. The stock was acquired at an average price of $232.22 per share, with a total value of $100,319.04. Following the completion of the transaction, the chief executive officer now directly owns 20,547 shares in the company, valued at approximately $4,771,424.34. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director David Pendarvis purchased 328 shares of the company’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 completion of the transaction, the director now directly owns 4,934 shares of the company’s stock, valued at approximately $1,158,256.50. The disclosure for this purchase can be found here. Insiders have acquired 942 shares of company stock worth $226,897 in the last ninety days. 0.65% of the stock is currently owned by corporate insiders.

Institutional Trading of WD-40

Hedge funds and other institutional investors have recently modified their holdings of the company. APG Asset Management US Inc. purchased a new position in WD-40 in the fourth quarter valued at about $38,142,000. Norges Bank bought a new stake in shares of WD-40 in the 4th quarter valued at approximately $19,697,000. Comerica Bank acquired a new position in WD-40 in the third quarter worth approximately $6,223,000. Conestoga Capital Advisors LLC raised 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 acquiring an additional 18,812 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in 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 valued at $11,325,000 after acquiring an additional 18,205 shares during the last quarter. 91.52% of the stock is currently owned by hedge funds and other institutional investors.

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.