WD-40 (NASDAQ:WDFC) Trading 1.1% Higher

WD-40 (NASDAQ:WDFC)’s share price traded up 1.1% during mid-day trading on Thursday . The company traded as high as $228.82 and last traded at $228.82. 7,447 shares traded hands during mid-day trading, a decline of 94% from the average session volume of 130,395 shares. The stock had previously closed at $226.31.

Wall Street Analysts Forecast Growth

Separately, DA Davidson reaffirmed 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 Price Performance

The business’s 50 day moving average price is $247.30 and its two-hundred day moving average price is $243.17. The stock has a market cap of $3.12 billion, a P/E ratio of 45.92 and a beta of -0.02. The company has a current ratio of 2.27, a quick ratio of 1.56 and a debt-to-equity ratio of 0.40.

WD-40 (NASDAQ:WDFC) last posted its quarterly earnings data on Tuesday, April 9th. The specialty chemicals company reported $1.14 EPS for the quarter, topping the consensus estimate of $1.13 by $0.01. WD-40 had a net margin of 12.19% and a return on equity of 32.30%. The business had revenue of $139.10 million for the quarter, compared to analyst estimates of $140.51 million. During the same quarter in the previous year, the firm posted $1.21 earnings per share. WD-40’s quarterly revenue was up 6.8% on a year-over-year basis. As a group, sell-side analysts expect that WD-40 will post 5.22 earnings per share for the current fiscal year.

WD-40 Dividend Announcement

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

Insider Buying and Selling

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of WDFC. YHB Investment Advisors Inc. purchased a new position in shares of WD-40 during the first quarter valued at approximately $33,000. GAMMA Investing LLC purchased a new position in shares of WD-40 during the fourth quarter valued at approximately $44,000. Pacer Advisors Inc. purchased a new position in shares of WD-40 during the fourth quarter valued at approximately $56,000. Principal Securities Inc. purchased a new position in shares of WD-40 during the fourth quarter valued at approximately $60,000. Finally, Strs Ohio increased its holdings in WD-40 by 100.0% during the third quarter. Strs Ohio now owns 400 shares of the specialty chemicals company’s stock valued at $81,000 after buying an additional 200 shares during the last quarter. 91.52% of the stock is owned by hedge funds and other institutional investors.

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.