WD-40 (NASDAQ:WDFC) Shares Up 0.7%

WD-40 (NASDAQ:WDFC)’s share price shot up 0.7% during mid-day trading on Friday . The stock traded as high as $226.81 and last traded at $226.81. 6,758 shares traded hands during trading, a decline of 95% from the average session volume of 132,591 shares. The stock had previously closed at $225.20.

Analysts Set New Price Targets

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

WD-40 Trading Up 0.1 %

The company has a debt-to-equity ratio of 0.40, a current ratio of 2.27 and a quick ratio of 1.56. The company has a market capitalization of $3.06 billion, a P/E ratio of 45.01 and a beta of -0.06. The firm has a fifty day moving average price of $249.53 and a 200-day moving average price of $242.65.

WD-40 (NASDAQ:WDFC) last posted its quarterly earnings results on Tuesday, April 9th. The specialty chemicals company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.01. The company had revenue of $139.10 million during the quarter, compared to analyst estimates of $140.51 million. WD-40 had a net margin of 12.19% and a return on equity of 32.30%. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.21 earnings per share. On average, equities research analysts anticipate that WD-40 will post 5.22 earnings per share for the current year.

WD-40 Announces Dividend

The firm also recently disclosed 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 1.56%. The ex-dividend date of this dividend is Thursday, April 18th. WD-40’s dividend payout ratio (DPR) is presently 70.26%.

Insider Transactions at WD-40

In other WD-40 news, VP Jeffrey G. Lindeman bought 182 shares of the stock in a transaction on Monday, February 12th. The shares were acquired at an average price of $272.42 per share, with a total value of $49,580.44. Following the acquisition, the vice president now directly owns 3,073 shares of the company’s stock, valued at approximately $837,146.66. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, Director David Pendarvis purchased 328 shares of the business’s stock in a transaction on Friday, April 12th. The stock was purchased at an average cost of $234.75 per share, with a total value of $76,998.00. Following the acquisition, the director now directly owns 4,934 shares in the company, valued at $1,158,256.50. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Jeffrey G. Lindeman purchased 182 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was purchased at an average cost of $272.42 per share, for a total transaction of $49,580.44. Following the acquisition, the vice president now owns 3,073 shares of the company’s stock, valued at approximately $837,146.66. The disclosure for this purchase can be found here. Insiders acquired 942 shares of company stock worth $226,897 over the last quarter. Corporate insiders own 0.65% of the company’s stock.

Hedge Funds Weigh In On WD-40

A number of institutional investors have recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC purchased a new stake in shares of WD-40 during the 4th quarter valued at $510,000. Profit Investment Management LLC bought a new stake in WD-40 in the 4th quarter worth approximately $2,892,000. Aviva PLC purchased a new position in shares of WD-40 during the third quarter worth approximately $586,000. Envestnet Asset Management Inc. lifted its holdings in shares of WD-40 by 48.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 55,725 shares of the specialty chemicals company’s stock worth $11,325,000 after acquiring an additional 18,205 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in shares of WD-40 by 10.1% in the 3rd quarter. Invesco Ltd. now owns 59,841 shares of the specialty chemicals company’s stock valued at $12,162,000 after purchasing an additional 5,481 shares in the last quarter. 91.52% of the stock is currently 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.