WD-40 Company (WDFC) VP Sells $76,117.60 in Stock
WD-40 Company (NASDAQ:WDFC) VP Jay Rembolt sold 676 shares of WD-40 stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $112.60, for a total transaction of $76,117.60. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Jay Rembolt also recently made the following trade(s):
- On Thursday, September 14th, Jay Rembolt sold 582 shares of WD-40 stock. The shares were sold at an average price of $110.00, for a total transaction of $64,020.00.
WD-40 Company (NASDAQ WDFC) traded up 0.04% on Wednesday, hitting $113.70. 55,001 shares of the company’s stock traded hands. WD-40 Company has a 12 month low of $100.60 and a 12 month high of $119.90. The stock has a 50 day moving average price of $110.28 and a 200-day moving average price of $107.58. The stock has a market cap of $1.59 billion, a P/E ratio of 30.72 and a beta of 0.72.
WD-40 (NASDAQ:WDFC) last issued its quarterly earnings results on Monday, July 10th. The specialty chemicals company reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.11. The company had revenue of $98.20 million during the quarter, compared to the consensus estimate of $99.09 million. WD-40 had a return on equity of 39.64% and a net margin of 13.85%. WD-40’s revenue was up 1.8% on a year-over-year basis. During the same period last year, the company earned $0.88 earnings per share. Equities analysts predict that WD-40 Company will post $3.68 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, October 20th will be paid a $0.49 dividend. The ex-dividend date is Thursday, October 19th. This represents a $1.96 dividend on an annualized basis and a yield of 1.72%. WD-40’s payout ratio is 52.97%.
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A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. increased its stake in WD-40 by 129,764.4% in the first quarter. BlackRock Inc. now owns 1,698,626 shares of the specialty chemicals company’s stock worth $185,067,000 after purchasing an additional 1,697,318 shares during the period. Vanguard Group Inc. increased its stake in WD-40 by 1.0% in the second quarter. Vanguard Group Inc. now owns 1,238,670 shares of the specialty chemicals company’s stock worth $136,687,000 after purchasing an additional 12,813 shares during the period. Neuberger Berman Group LLC increased its stake in WD-40 by 27.6% in the second quarter. Neuberger Berman Group LLC now owns 591,124 shares of the specialty chemicals company’s stock worth $65,231,000 after purchasing an additional 127,744 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its stake in WD-40 by 12.5% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 526,508 shares of the specialty chemicals company’s stock worth $58,101,000 after purchasing an additional 58,623 shares during the period. Finally, State Street Corp increased its stake in WD-40 by 2.9% in the second quarter. State Street Corp now owns 373,496 shares of the specialty chemicals company’s stock worth $41,210,000 after purchasing an additional 10,595 shares during the period. Institutional investors and hedge funds own 80.59% of the company’s stock.
Several research analysts have commented on WDFC shares. Zacks Investment Research downgraded shares of WD-40 from a “buy” rating to a “hold” rating in a research note on Thursday, August 31st. BidaskClub raised shares of WD-40 from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. Finally, FBR & Co reissued a “marketperform” rating on shares of WD-40 in a research note on Tuesday, July 11th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $111.75.
WD-40 Company is a global company engaged in developing and selling products, which solve problems in workshops, factories and homes. The Company’s segments include the Americas; Europe, Middle East and Africa (EMEA), and Asia-Pacific. The Company’s Americas segment includes the United States, Canada and Latin America.
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