WD-40 (WDFC) Insider Michael L. Freeman Sells 4,861 Shares

WD-40 (NASDAQ:WDFC) insider Michael L. Freeman sold 4,861 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $119.58, for a total value of $581,278.38. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Shares of WD-40 (NASDAQ:WDFC) traded up $3.10 during trading hours on Wednesday, hitting $123.30. The stock had a trading volume of 63,780 shares, compared to its average volume of 67,696. WD-40 has a 12-month low of $100.60 and a 12-month high of $129.85. The company has a market cap of $1,682.49, a price-to-earnings ratio of 31.63, a P/E/G ratio of 3.06 and a beta of 0.59. The company has a debt-to-equity ratio of 1.05, a current ratio of 3.90 and a quick ratio of 3.29.

WD-40 (NASDAQ:WDFC) last announced its earnings results on Tuesday, January 9th. The specialty chemicals company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.07. WD-40 had a return on equity of 39.23% and a net margin of 13.84%. The firm had revenue of $97.60 million during the quarter, compared to analyst estimates of $93.00 million. During the same quarter in the prior year, the company earned $0.82 EPS. The business’s revenue was up 9.4% compared to the same quarter last year. analysts forecast that WD-40 will post 3.94 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Friday, January 19th were given a $0.54 dividend. The ex-dividend date of this dividend was Thursday, January 18th. This represents a $2.16 annualized dividend and a dividend yield of 1.75%. This is a positive change from WD-40’s previous quarterly dividend of $0.49. WD-40’s dividend payout ratio is currently 56.84%.

Several large investors have recently made changes to their positions in WDFC. SG Americas Securities LLC bought a new position in shares of WD-40 in the 3rd quarter worth approximately $118,000. Allianz Asset Management GmbH bought a new position in shares of WD-40 in the 4th quarter worth approximately $200,000. First Trust Advisors LP bought a new position in shares of WD-40 in the 4th quarter worth approximately $242,000. PNC Financial Services Group Inc. raised its position in shares of WD-40 by 4.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,232 shares of the specialty chemicals company’s stock worth $246,000 after acquiring an additional 95 shares in the last quarter. Finally, Suntrust Banks Inc. raised its position in shares of WD-40 by 28.7% in the 2nd quarter. Suntrust Banks Inc. now owns 2,573 shares of the specialty chemicals company’s stock worth $283,000 after acquiring an additional 573 shares in the last quarter. 81.96% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have commented on the company. Zacks Investment Research lowered WD-40 from a “buy” rating to a “hold” rating in a research report on Sunday, January 21st. B. Riley reaffirmed a “hold” rating and set a $125.00 price target on shares of WD-40 in a research report on Thursday, January 18th. BidaskClub lowered WD-40 from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Finally, FBR & Co reaffirmed a “neutral” rating and set a $122.00 price target (up previously from $115.00) on shares of WD-40 in a research report on Friday, October 20th. Five equities research analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and an average price target of $123.75.

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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.

Insider Buying and Selling by Quarter for WD-40 (NASDAQ:WDFC)

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