WD-40 (NASDAQ:WDFC) insider Michael L. Freeman sold 4,861 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $119.58, for a total transaction of $581,278.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
WD-40 (WDFC) opened at $125.35 on Friday. WD-40 has a one year low of $100.60 and a one year high of $129.85. The firm has a market cap of $1,679.70, a P/E ratio of 32.99, a P/E/G ratio of 3.05 and a beta of 0.59. The company has a quick ratio of 3.29, a current ratio of 3.90 and a debt-to-equity ratio of 1.05.
WD-40 (NASDAQ:WDFC) last released its quarterly earnings data on Tuesday, January 9th. The specialty chemicals company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.07. The business had revenue of $97.60 million during the quarter, compared to analyst estimates of $93.00 million. WD-40 had a net margin of 13.84% and a return on equity of 39.23%. WD-40’s revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.82 EPS. equities analysts predict that WD-40 will post 3.94 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Friday, January 19th were given a dividend of $0.54 per share. This is a positive change from WD-40’s previous quarterly dividend of $0.49. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date was Thursday, January 18th. WD-40’s payout ratio is 56.84%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in WDFC. SG Americas Securities LLC bought a new stake in shares of WD-40 during the 3rd quarter worth $118,000. Allianz Asset Management GmbH bought a new stake in shares of WD-40 during the 4th quarter worth $200,000. First Trust Advisors LP bought a new stake in shares of WD-40 during the 4th quarter worth $242,000. LPL Financial LLC bought a new stake in shares of WD-40 during the 4th quarter worth $242,000. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of WD-40 by 4.4% during 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 during the last quarter. Hedge funds and other institutional investors own 81.96% of the company’s stock.
Several equities research analysts have recently issued reports on the stock. B. Riley restated a “neutral” rating on shares of WD-40 in a research note on Wednesday, November 1st. Zacks Investment Research upgraded shares of WD-40 from a “sell” rating to a “hold” rating in a research note on Wednesday, December 20th. FBR & Co reiterated a “neutral” rating and issued a $122.00 price objective (up from $115.00) on shares of WD-40 in a research note on Friday, October 20th. Finally, BidaskClub lowered 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 stock presently has a consensus rating of “Hold” and a consensus price target of $123.75.
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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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