WD-40 (NASDAQ:WDFC) Director William B. Noble Sells 800 Shares

WD-40 (NASDAQ:WDFC - Get Free Report) Director William B. Noble sold 800 shares of WD-40 stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $256.98, for a total value of $205,584.00. Following the sale, the director now directly owns 8,999 shares in the company, valued at $2,312,563.02. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

WD-40 Price Performance

WD-40 stock traded up $3.73 during midday trading on Thursday, hitting $267.92. The company's stock had a trading volume of 137,102 shares, compared to its average volume of 107,585. WD-40 has a 12 month low of $207.95 and a 12 month high of $278.78. The company has a quick ratio of 1.70, a current ratio of 2.47 and a debt-to-equity ratio of 0.37. The stock's 50-day moving average price is $257.50 and its 200-day moving average price is $242.64. The company has a market capitalization of $3.63 billion, a PE ratio of 51.70 and a beta of -0.08.

WD-40 (NASDAQ:WDFC - Get Free Report) last announced its quarterly earnings data on Thursday, October 17th. The specialty chemicals company reported $1.23 EPS for the quarter, missing analysts' consensus estimates of $1.34 by ($0.11). The company had revenue of $156.00 million for the quarter, compared to analyst estimates of $149.20 million. WD-40 had a net margin of 11.79% and a return on equity of 31.53%. WD-40's revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the company posted $1.21 EPS. Analysts anticipate that WD-40 will post 5.36 earnings per share for the current fiscal year.

WD-40 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 18th will be issued a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, October 18th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.31%. WD-40's dividend payout ratio is currently 68.88%.

Analyst Ratings Changes

WDFC has been the topic of a number of recent analyst reports. DA Davidson lifted their price objective on shares of WD-40 from $303.00 to $322.00 and gave the company a "buy" rating in a research note on Friday, October 18th. Jefferies Financial Group boosted their price target on shares of WD-40 from $250.00 to $280.00 and gave the stock a "hold" rating in a research report on Friday, October 18th.

Hedge Funds Weigh In On WD-40

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WDFC. V Square Quantitative Management LLC acquired a new stake in shares of WD-40 in the third quarter worth $29,000. DekaBank Deutsche Girozentrale acquired a new stake in WD-40 during the 1st quarter worth about $34,000. Advisors Asset Management Inc. purchased a new position in WD-40 during the 1st quarter valued at about $43,000. Covestor Ltd grew its stake in WD-40 by 57.7% during the 1st quarter. Covestor Ltd now owns 216 shares of the specialty chemicals company's stock valued at $55,000 after acquiring an additional 79 shares in the last quarter. Finally, Blue Trust Inc. acquired a new position in shares of WD-40 in the 2nd quarter valued at about $67,000. Institutional investors and hedge funds own 91.52% 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 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.