Insider Buying: WD-40 (NASDAQ:WDFC) CEO Acquires 432 Shares of Stock

WD-40 (NASDAQ:WDFC) CEO Steven A. Brass purchased 432 shares of the firm’s stock in a transaction on Tuesday, April 16th. The shares were purchased at an average cost of $232.22 per share, with a total value of $100,319.04. Following the completion of the purchase, the chief executive officer now owns 20,547 shares in the company, valued at approximately $4,771,424.34. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

WD-40 Stock Performance

Shares of NASDAQ WDFC opened at $229.86 on Friday. The stock has a fifty day moving average price of $254.14 and a two-hundred day moving average price of $241.36. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.56 and a current ratio of 2.27. The firm has a market cap of $3.11 billion, a P/E ratio of 45.88 and a beta of -0.06. WD-40 has a 1 year low of $181.38 and a 1 year high of $278.78.

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

WD-40 Dividend Announcement

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

Wall Street Analyst Weigh In

Separately, DA Davidson reaffirmed a “buy” rating and set a $313.00 price target on shares of WD-40 in a research note on Wednesday, April 10th.

Institutional Investors Weigh In On WD-40

Several large investors have recently modified their holdings of WDFC. GAMMA Investing LLC bought a new stake in shares of WD-40 during the 4th quarter worth $44,000. Quantbot Technologies LP acquired a new stake in shares of WD-40 in the second quarter worth $44,000. Dark Forest Capital Management LP acquired a new stake in shares of WD-40 in the first quarter worth $53,000. Pacer Advisors Inc. acquired a new stake in shares of WD-40 in the fourth quarter worth $56,000. Finally, Lazard Asset Management LLC boosted its position in shares of WD-40 by 1,805.3% in the fourth quarter. Lazard Asset Management LLC now owns 362 shares of the specialty chemicals company’s stock worth $58,000 after buying an additional 343 shares during the period. 91.52% of the stock is owned by institutional investors.

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.