WD-40 (NASDAQ:WDFC) Trading Down 0.5%

WD-40 (NASDAQ:WDFC)’s share price dropped 0.5% during trading on Friday . The stock traded as low as $229.39 and last traded at $229.51. Approximately 12,738 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 129,713 shares. The stock had previously closed at $230.71.

Wall Street Analysts Forecast Growth

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

WD-40 Stock Performance

The company has a market cap of $3.12 billion, a P/E ratio of 45.91 and a beta of -0.02. The stock’s 50-day moving average price is $245.89 and its 200-day moving average price is $243.53. 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 posted its quarterly earnings data on Tuesday, April 9th. The specialty chemicals company reported $1.14 earnings per share (EPS) for the quarter, beating 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 firm 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 firm posted $1.21 EPS. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. Equities analysts anticipate that WD-40 will post 5.22 EPS for the current year.

WD-40 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, April 19th were given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend was Thursday, April 18th. WD-40’s payout ratio is currently 70.26%.

Insider Buying and Selling

In other news, CEO Steven A. Brass bought 432 shares of the firm’s stock in a transaction on Tuesday, April 16th. The shares were purchased at an average cost of $232.22 per share, with a total value of $100,319.04. Following the acquisition, the chief executive officer now directly owns 20,547 shares in the company, valued at $4,771,424.34. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. In other WD-40 news, Director David Pendarvis purchased 328 shares of the stock in a transaction dated Friday, April 12th. The stock was bought at an average price of $234.75 per share, with a total value of $76,998.00. Following the acquisition, the director now owns 4,934 shares of the company’s stock, valued at $1,158,256.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Steven A. Brass acquired 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 in the company, valued at $4,771,424.34. The disclosure for this purchase can be found here. Insiders bought 942 shares of company stock valued at $226,897 over the last quarter. 0.65% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. YHB Investment Advisors Inc. bought a new stake in shares of WD-40 during the 1st quarter valued at approximately $33,000. GAMMA Investing LLC bought a new stake in shares of WD-40 during the fourth quarter worth $44,000. Pacer Advisors Inc. acquired a new position in shares of WD-40 during the fourth quarter worth $56,000. Principal Securities Inc. bought a new position in shares of WD-40 in the 4th quarter valued at $60,000. Finally, Strs Ohio boosted its holdings in shares of WD-40 by 100.0% during the 3rd quarter. Strs Ohio now owns 400 shares of the specialty chemicals company’s stock valued at $81,000 after acquiring 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.