WD-40 (NASDAQ:WDFC) CFO Buys $57,044.48 in Stock

WD-40 (NASDAQ:WDFC - Get Free Report) CFO Sara Kathleen Hyzer bought 256 shares of the company's stock in a transaction on Friday, April 11th. The stock was purchased at an average price of $222.83 per share, with a total value of $57,044.48. Following the completion of the transaction, the chief financial officer now directly owns 4,072 shares of the company's stock, valued at approximately $907,363.76. The trade was a 6.71 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

WD-40 Stock Up 2.3 %

WD-40 stock traded up $5.08 during midday trading on Friday, reaching $222.76. The stock had a trading volume of 105,446 shares, compared to its average volume of 101,513. The company has a fifty day moving average price of $234.52 and a two-hundred day moving average price of $248.78. WD-40 has a 12 month low of $208.00 and a 12 month high of $292.36. The company has a current ratio of 2.44, a quick ratio of 1.75 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $3.02 billion, a P/E ratio of 42.67 and a beta of 0.03.

WD-40 (NASDAQ:WDFC - Get Free Report) last issued its earnings results on Tuesday, April 8th. The specialty chemicals company reported $1.32 earnings per share for the quarter, topping analysts' consensus estimates of $1.27 by $0.05. The company had revenue of $146.10 million for the quarter, compared to analyst estimates of $154.40 million. WD-40 had a return on equity of 31.68% and a net margin of 11.78%. WD-40's revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.14 earnings per share. As a group, equities analysts expect that WD-40 will post 5.42 EPS for the current fiscal year.

WD-40 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 18th will be given a $0.94 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $3.76 annualized dividend and a yield of 1.69%. WD-40's payout ratio is 59.97%.

Institutional Trading of WD-40

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WDFC. Norges Bank bought a new stake in shares of WD-40 in the 4th quarter worth $54,571,000. GAMMA Investing LLC grew its position in WD-40 by 28,448.0% in the 1st quarter. GAMMA Investing LLC now owns 114,192 shares of the specialty chemicals company's stock worth $27,863,000 after purchasing an additional 113,792 shares in the last quarter. Millennium Management LLC grew its position in WD-40 by 206.9% in the 4th quarter. Millennium Management LLC now owns 158,156 shares of the specialty chemicals company's stock worth $38,381,000 after purchasing an additional 106,617 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in WD-40 in the 4th quarter valued at about $17,903,000. Finally, Balyasny Asset Management L.P. bought a new position in shares of WD-40 during the 4th quarter worth approximately $10,179,000. 91.52% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, DA Davidson upgraded shares of WD-40 to a "strong-buy" rating in a report on Monday, April 14th.

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.