David Pendarvis Buys 328 Shares of WD-40 (NASDAQ:WDFC) Stock

WD-40 (NASDAQ:WDFC) Director David Pendarvis acquired 328 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The shares were purchased at an average cost of $234.75 per share, for a total transaction of $76,998.00. Following the acquisition, the director now owns 4,934 shares in the company, valued at $1,158,256.50. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

WD-40 Trading Down 2.2 %

NASDAQ WDFC opened at $236.29 on Friday. The company has a quick ratio of 1.58, a current ratio of 2.27 and a debt-to-equity ratio of 0.40. WD-40 has a twelve month low of $175.79 and a twelve month high of $278.78. The company has a market cap of $3.20 billion, a price-to-earnings ratio of 47.16 and a beta of -0.06. The business’s fifty day moving average is $256.72 and its 200 day moving average is $240.52.

WD-40 (NASDAQ:WDFC) last announced its earnings results 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. The firm had revenue of $139.10 million for the quarter, compared to the consensus estimate of $140.51 million. WD-40 had a return on equity of 32.30% and a net margin of 12.19%. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.21 EPS. As a group, sell-side analysts expect that WD-40 will post 5.22 EPS for the current fiscal year.

WD-40 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 19th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.49%. The ex-dividend date is Thursday, April 18th. WD-40’s payout ratio is presently 70.26%.

Wall Street Analyst Weigh In

Separately, DA Davidson reissued a “buy” rating and set a $313.00 price objective on shares of WD-40 in a report on Wednesday.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC acquired a new position in WD-40 during the 4th quarter worth about $44,000. Quantbot Technologies LP acquired a new position in shares of WD-40 in the 2nd quarter valued at about $44,000. Pacer Advisors Inc. acquired a new position in shares of WD-40 in the 4th quarter valued at about $56,000. Principal Securities Inc. acquired a new position in shares of WD-40 in the 4th quarter valued at about $60,000. Finally, Dark Forest Capital Management LP acquired a new position in shares of WD-40 in the 1st quarter valued at about $53,000. 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.