Shares of WD-40 (NASDAQ:WDFC - Get Free Report) were down 2.8% during trading on Friday . The company traded as low as $249.81 and last traded at $250.24. Approximately 125,721 shares were traded during mid-day trading, an increase of 20% from the average daily volume of 104,376 shares. The stock had previously closed at $257.54.
Wall Street Analyst Weigh In
WDFC has been the topic of a number of research reports. DA Davidson reiterated a "buy" rating and set a $322.00 price target on shares of WD-40 in a research report on Monday, November 18th. Jefferies Financial Group increased their target price on WD-40 from $250.00 to $280.00 and gave the stock a "hold" rating in a research report on Friday, October 18th.
Get Our Latest Research Report on WD-40
WD-40 Price Performance
The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.70 and a current ratio of 2.47. The stock has a market capitalization of $3.39 billion, a price-to-earnings ratio of 48.91 and a beta of -0.07. The business's 50 day simple moving average is $270.81 and its 200-day simple moving average is $254.24.
WD-40 (NASDAQ:WDFC - Get Free Report) last issued its quarterly earnings data on Thursday, October 17th. The specialty chemicals company reported $1.23 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.34 by ($0.11). The business had revenue of $156.00 million during the quarter, compared to the consensus estimate of $149.20 million. WD-40 had a return on equity of 31.53% and a net margin of 11.79%. The business's quarterly revenue was up 11.0% compared to the same quarter last year. During the same period last year, the company earned $1.21 earnings per share. Research analysts anticipate that WD-40 will post 5.36 earnings per share for the current year.
WD-40 Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 17th will be paid a dividend of $0.94 per share. This is a boost from WD-40's previous quarterly dividend of $0.88. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend is Friday, January 17th. WD-40's payout ratio is currently 73.58%.
Insider Buying and Selling
In other news, Director William B. Noble sold 1,000 shares of WD-40 stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $289.70, for a total transaction of $289,700.00. Following the transaction, the director now directly owns 7,999 shares in the company, valued at approximately $2,317,310.30. This trade represents a 11.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.75% of the company's stock.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of WDFC. State Street Corp lifted its holdings in WD-40 by 1.8% in the 3rd quarter. State Street Corp now owns 523,154 shares of the specialty chemicals company's stock valued at $134,911,000 after acquiring an additional 9,418 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of WD-40 by 3.5% in the 3rd quarter. Geode Capital Management LLC now owns 378,115 shares of the specialty chemicals company's stock worth $97,524,000 after purchasing an additional 12,943 shares in the last quarter. Conestoga Capital Advisors LLC lifted its stake in WD-40 by 1.7% during the third quarter. Conestoga Capital Advisors LLC now owns 321,760 shares of the specialty chemicals company's stock valued at $82,975,000 after purchasing an additional 5,381 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in WD-40 by 2.0% during the second quarter. Dimensional Fund Advisors LP now owns 307,097 shares of the specialty chemicals company's stock worth $67,452,000 after buying an additional 5,893 shares in the last quarter. Finally, Geneva Capital Management LLC boosted its holdings in WD-40 by 0.5% during the third quarter. Geneva Capital Management LLC now owns 211,624 shares of the specialty chemicals company's stock worth $54,574,000 after buying an additional 988 shares in the last quarter. Institutional investors own 91.52% of the company's stock.
About WD-40
(
Get Free Report)
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.
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