WD-40 (NASDAQ:WDFC) insider Michael L. Freeman sold 4,861 shares of the business’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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
WD-40 (NASDAQ:WDFC) traded up $0.10 during midday trading on Friday, hitting $127.00. The stock had a trading volume of 45,200 shares, compared to its average volume of 62,968. The company has a market capitalization of $1,773.33, a P/E ratio of 33.40, a price-to-earnings-growth ratio of 3.22 and a beta of 0.59. WD-40 has a 52-week low of $100.60 and a 52-week high of $129.85. The company has a debt-to-equity ratio of 1.05, a quick ratio of 3.29 and a current ratio of 3.90.
WD-40 (NASDAQ:WDFC) last released its quarterly earnings data on Tuesday, January 9th. The specialty chemicals company reported $0.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.83 by $0.07. The firm had revenue of $97.60 million during the quarter, compared to the consensus estimate of $93.00 million. WD-40 had a return on equity of 39.23% and a net margin of 13.84%. The company’s quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.82 earnings per share. equities analysts expect that WD-40 will post 3.94 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Friday, January 19th were issued a dividend of $0.54 per share. This is an increase from WD-40’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend was Thursday, January 18th. This represents a $2.16 annualized dividend and a dividend yield of 1.70%. WD-40’s payout ratio is currently 56.84%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in WDFC. Conestoga Capital Advisors LLC increased its holdings in shares of WD-40 by 62.7% during the third quarter. Conestoga Capital Advisors LLC now owns 312,775 shares of the specialty chemicals company’s stock valued at $35,000,000 after acquiring an additional 120,575 shares in the last quarter. VGI PARTNERS PTY Ltd increased its holdings in shares of WD-40 by 28.5% during the fourth quarter. VGI PARTNERS PTY Ltd now owns 357,956 shares of the specialty chemicals company’s stock valued at $42,239,000 after acquiring an additional 79,459 shares in the last quarter. Neuberger Berman Group LLC increased its holdings in shares of WD-40 by 13.4% during the third quarter. Neuberger Berman Group LLC now owns 670,480 shares of the specialty chemicals company’s stock valued at $75,027,000 after acquiring an additional 79,356 shares in the last quarter. Shell Asset Management Co. bought a new stake in shares of WD-40 during the third quarter valued at approximately $3,202,000. Finally, BlackRock Inc. grew its holdings in WD-40 by 2.1% during the fourth quarter. BlackRock Inc. now owns 1,743,617 shares of the specialty chemicals company’s stock worth $205,746,000 after buying an additional 35,479 shares in the last quarter. Hedge funds and other institutional investors own 83.80% of the company’s stock.
Several equities analysts have issued reports on WDFC shares. BidaskClub lowered WD-40 from a “buy” rating to a “hold” rating in a research note on Tuesday, December 12th. Zacks Investment Research raised WD-40 from a “hold” rating to a “buy” rating and set a $138.00 price target on the stock in a research note on Saturday, January 13th. Finally, B. Riley reissued a “hold” rating and issued a $125.00 price target on shares of WD-40 in a research note on Thursday, January 18th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has a consensus 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.
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