Insider Selling: WD-40 (WDFC) Insider Sells 1,690 Shares of Stock

WD-40 (NASDAQ:WDFC) insider Geoffrey Holdsworth sold 1,690 shares of the company’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $126.85, for a total transaction of $214,376.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

WD-40 (WDFC) traded down $0.95 during midday trading on Wednesday, reaching $123.75. 52,975 shares of the company’s stock were exchanged, compared to its average volume of 68,959. WD-40 has a 12-month low of $100.60 and a 12-month high of $129.85. The company has a quick ratio of 3.29, a current ratio of 3.90 and a debt-to-equity ratio of 1.05. The company has a market cap of $1,755.86, a P/E ratio of 32.57, a price-to-earnings-growth ratio of 3.19 and a beta of 0.67.

WD-40 (NASDAQ:WDFC) last posted its quarterly earnings data on Tuesday, January 9th. The specialty chemicals company reported $0.90 EPS for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.07. WD-40 had a net margin of 13.84% and a return on equity of 39.23%. The firm had revenue of $97.60 million for the quarter, compared to the consensus estimate of $93.00 million. During the same period in the prior year, the firm posted $0.82 EPS. The firm’s revenue was up 9.4% compared to the same quarter last year. research analysts predict that WD-40 will post 3.94 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, January 19th will be paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 1.75%. This is an increase from WD-40’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Thursday, January 18th. WD-40’s dividend payout ratio is 56.84%.

A number of research firms have commented on WDFC. FBR & Co reiterated a “neutral” rating and set a $122.00 price objective (up from $115.00) on shares of WD-40 in a research note on Friday, October 20th. Zacks Investment Research downgraded shares of WD-40 from a “hold” rating to a “sell” rating in a research note on Tuesday, October 24th. B. Riley reiterated a “neutral” rating on shares of WD-40 in a research note on Wednesday, November 1st. Finally, BidaskClub downgraded shares of WD-40 from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Five research analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and an average price target of $123.75.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new stake in shares of WD-40 during the third quarter worth $118,000. Riverhead Capital Management LLC raised its holdings in shares of WD-40 by 45.8% during the second quarter. Riverhead Capital Management LLC now owns 1,166 shares of the specialty chemicals company’s stock worth $129,000 after purchasing an additional 366 shares during the period. Pinebridge Investments L.P. raised its holdings in shares of WD-40 by 0.6% during the second quarter. Pinebridge Investments L.P. now owns 1,853 shares of the specialty chemicals company’s stock worth $204,000 after purchasing an additional 11 shares during the period. Amalgamated Bank raised its holdings in shares of WD-40 by 3.5% during the second quarter. Amalgamated Bank now owns 1,928 shares of the specialty chemicals company’s stock worth $213,000 after purchasing an additional 65 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in shares of WD-40 by 4.4% during the second quarter. PNC Financial Services Group Inc. now owns 2,232 shares of the specialty chemicals company’s stock worth $246,000 after purchasing an additional 95 shares during the period. Hedge funds and other institutional investors own 81.81% of the company’s stock.

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WD-40 Company Profile

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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