WD-40 (NASDAQ:WDFC) Trading Down 1.2%

Shares of WD-40 (NASDAQ:WDFC) traded down 1.2% on Friday . The company traded as low as $227.00 and last traded at $227.00. 16,421 shares were traded during trading, a decline of 88% from the average session volume of 133,385 shares. The stock had previously closed at $229.86.

Analyst Upgrades and Downgrades

Separately, DA Davidson reissued a “buy” rating and issued a $313.00 target price on shares of WD-40 in a report on Wednesday, April 10th.

WD-40 Stock Performance

The company has a current ratio of 2.27, a quick ratio of 1.56 and a debt-to-equity ratio of 0.40. The stock has a market cap of $3.10 billion, a price-to-earnings ratio of 45.31 and a beta of -0.06. The stock’s 50 day moving average is $254.14 and its two-hundred day moving average is $241.36.

WD-40 (NASDAQ:WDFC) last announced its earnings results on Tuesday, April 9th. The specialty chemicals company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.01. The business had revenue of $139.10 million during the quarter, compared to the consensus estimate of $140.51 million. WD-40 had a net margin of 12.19% and a return on equity of 32.30%. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.21 earnings per share. Analysts anticipate that WD-40 will post 5.22 earnings per share for the current fiscal year.

WD-40 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 19th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date is Thursday, April 18th. WD-40’s payout ratio is currently 70.26%.

Insider Transactions at WD-40

In other news, CEO Steven A. Brass acquired 432 shares of the company’s stock in a transaction on Tuesday, April 16th. The shares were bought at an average cost of $232.22 per share, with a total value of $100,319.04. Following the purchase, the chief executive officer now owns 20,547 shares of the company’s stock, valued at approximately $4,771,424.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Steven A. Brass acquired 432 shares of WD-40 stock in a transaction that occurred on Tuesday, April 16th. The stock was purchased at an average price of $232.22 per share, for a total transaction of $100,319.04. Following the completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Jeffrey G. Lindeman acquired 182 shares of the stock in a transaction on Monday, February 12th. The stock was acquired at an average cost of $272.42 per share, for a total transaction of $49,580.44. Following the acquisition, the vice president now directly owns 3,073 shares in the company, valued at approximately $837,146.66. The disclosure for this purchase can be found here. Insiders purchased 942 shares of company stock worth $226,897 over the last 90 days. 0.65% of the stock is currently owned by insiders.

Hedge Funds Weigh In On WD-40

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Sequoia Financial Advisors LLC purchased a new stake in WD-40 during the fourth quarter worth about $510,000. Profit Investment Management LLC acquired a new stake in shares of WD-40 in the 4th quarter worth approximately $2,892,000. Aviva PLC purchased a new position in WD-40 in the 3rd quarter valued at approximately $586,000. Envestnet Asset Management Inc. increased its stake in WD-40 by 48.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 55,725 shares of the specialty chemicals company’s stock valued at $11,325,000 after purchasing an additional 18,205 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in WD-40 by 10.1% during the third quarter. Invesco Ltd. now owns 59,841 shares of the specialty chemicals company’s stock worth $12,162,000 after purchasing an additional 5,481 shares during the last quarter. 91.52% of the stock is owned by institutional investors and hedge funds.

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.