WD-40 (NASDAQ:WDFC) Trading 0.7% Higher

Shares of WD-40 (NASDAQ:WDFC) traded up 0.7% during trading on Monday . The stock traded as high as $232.31 and last traded at $231.65. 6,984 shares were traded during trading, a decline of 95% from the average session volume of 129,215 shares. The stock had previously closed at $230.01.

Wall Street Analysts Forecast Growth

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

WD-40 Price 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 stock has a market capitalization of $3.19 billion, a price-to-earnings ratio of 46.94 and a beta of -0.02. The stock’s 50 day simple moving average is $243.89 and its 200-day simple moving average is $244.15.

WD-40 (NASDAQ:WDFC) last issued 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 business had revenue of $139.10 million during the quarter, compared to analysts’ expectations of $140.51 million. During the same period in the previous year, the company earned $1.21 earnings per share. WD-40’s revenue for the quarter was up 6.8% on a year-over-year basis. On average, analysts expect that WD-40 will post 5.22 EPS for the current fiscal year.

WD-40 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, April 19th were given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date was Thursday, April 18th. WD-40’s dividend payout ratio (DPR) is currently 70.26%.

Insider Buying and Selling

In related news, CEO Steven A. Brass bought 432 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The shares were 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 owns 20,547 shares of the company’s stock, valued at approximately $4,771,424.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Steven A. Brass bought 432 shares of the stock in a transaction dated Tuesday, April 16th. The shares were acquired at an average price of $232.22 per share, with a total value of $100,319.04. Following the acquisition, the chief executive officer now owns 20,547 shares in the company, valued at $4,771,424.34. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director David Pendarvis bought 328 shares of the 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 acquisition, 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. Over the last quarter, insiders have purchased 942 shares of company stock valued at $226,897. 0.65% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of WDFC. YHB Investment Advisors Inc. bought a new position in WD-40 during the 1st quarter worth about $33,000. GAMMA Investing LLC bought a new stake in WD-40 in the 4th quarter valued at approximately $44,000. Pacer Advisors Inc. acquired a new position in WD-40 during the 4th quarter worth approximately $56,000. Principal Securities Inc. acquired a new stake in shares of WD-40 in the fourth quarter valued at approximately $60,000. Finally, Strs Ohio lifted its position 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 in the last quarter. Institutional investors and hedge funds 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.