Analysts at DA Davidson began coverage on shares of WD-40 (NASDAQ:WDFC) in a research note issued on Friday, Marketbeat reports. The firm set a “buy” rating on the specialty chemicals company’s stock.
Several other research firms have also recently commented on WDFC. Zacks Investment Research cut WD-40 from a “hold” rating to a “sell” rating in a research note on Saturday, December 1st. BidaskClub upgraded WD-40 from a “sell” rating to a “hold” rating in a research note on Friday, October 19th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $149.67.
NASDAQ WDFC opened at $175.85 on Friday. The company has a market capitalization of $2.35 billion, a price-to-earnings ratio of 42.58, a P/E/G ratio of 3.78 and a beta of 0.52. WD-40 has a fifty-two week low of $115.55 and a fifty-two week high of $184.25. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.96 and a quick ratio of 1.53.
WD-40 (NASDAQ:WDFC) last released its quarterly earnings results on Thursday, October 18th. The specialty chemicals company reported $1.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.55. The firm had revenue of $102.60 million during the quarter. WD-40 had a return on equity of 38.51% and a net margin of 15.96%. The firm’s revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.01 EPS. As a group, sell-side analysts forecast that WD-40 will post 4.5 earnings per share for the current fiscal year.
In other news, VP Stanley Sewitch, Jr. sold 2,167 shares of the stock in a transaction that occurred on Thursday, October 25th. The stock was sold at an average price of $163.80, for a total transaction of $354,954.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael L. Freeman sold 5,386 shares of the stock in a transaction that occurred on Wednesday, November 14th. The shares were sold at an average price of $169.23, for a total value of $911,472.78. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,720 shares of company stock valued at $2,630,634. Company insiders own 2.09% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in WDFC. Aperio Group LLC boosted its stake in shares of WD-40 by 5.3% during the 2nd quarter. Aperio Group LLC now owns 12,376 shares of the specialty chemicals company’s stock valued at $1,810,000 after buying an additional 625 shares during the last quarter. First Trust Advisors LP lifted its stake in WD-40 by 26.9% during the second quarter. First Trust Advisors LP now owns 38,086 shares of the specialty chemicals company’s stock worth $5,570,000 after purchasing an additional 8,068 shares during the last quarter. Victory Capital Management Inc. lifted its stake in WD-40 by 15.9% during the second quarter. Victory Capital Management Inc. now owns 4,073 shares of the specialty chemicals company’s stock worth $596,000 after purchasing an additional 558 shares during the last quarter. Virginia Retirement Systems ET AL bought a new position in WD-40 during the second quarter worth $804,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in WD-40 during the second quarter worth $430,000. Institutional investors own 89.89% of the company’s stock.
WD-40 Company Profile
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 offers multi-purpose maintenance products, including aerosol sprays, non-aerosol trigger sprays, and in liquid-bulk form products under the WD-40 Multi-Use brand name for various consumer uses and industrial applications; specialty maintenance products, such as penetrants, degreasers, corrosion inhibitors, greases, lubricants, and rust removers under the WD-40 Specialist brand; and bicycle maintenance products comprising wet and dry chain lubricants, chain cleaners and degreasers, and foaming wash products for avid and recreational cyclists, bike enthusiasts, and mechanics under the WD-40 Bike brand name.
Read More: Outstanding Shares, Buying and Selling Stocks
Receive News & Ratings for WD-40 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WD-40 and related companies with MarketBeat.com's FREE daily email newsletter.