WD-40 (NASDAQ:WDFC) Trading 0.5% Higher

WD-40 (NASDAQ:WDFC - Get Free Report) shares shot up 0.5% during trading on Tuesday . The stock traded as high as $230.22 and last traded at $227.96. 24,676 shares were traded during mid-day trading, a decline of 82% from the average session volume of 133,891 shares. The stock had previously closed at $226.88.

Analysts Set New Price Targets

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

WD-40 Stock Down 0.3 %

The firm has a market cap of $3.06 billion, a price-to-earnings ratio of 45.14 and a beta of -0.06. The stock's 50 day moving average is $251.76 and its 200 day moving average is $242.48. The company has a quick ratio of 1.56, a current ratio of 2.27 and a debt-to-equity ratio of 0.40.

WD-40 (NASDAQ:WDFC - Get Free Report) last issued its quarterly earnings results on Tuesday, April 9th. The specialty chemicals company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.01. The company had revenue of $139.10 million for the quarter, compared to analysts' expectations of $140.51 million. WD-40 had a return on equity of 32.30% and a net margin of 12.19%. The firm's revenue for the quarter was up 6.8% on a year-over-year basis. During the same period last year, the firm earned $1.21 EPS. Analysts forecast that WD-40 will post 5.22 EPS for the current year.

WD-40 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 19th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date is Thursday, April 18th. WD-40's payout ratio is 70.26%.

Insider Transactions at WD-40

In related news, CEO Steven A. Brass acquired 432 shares of WD-40 stock in a transaction dated Tuesday, April 16th. The stock was acquired at an average cost of $232.22 per share, with a total value of $100,319.04. Following the purchase, the chief executive officer now directly owns 20,547 shares in the company, valued at approximately $4,771,424.34. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director David Pendarvis bought 328 shares of the company's stock in a transaction dated Friday, April 12th. The shares were acquired at an average cost of $234.75 per share, with a total value of $76,998.00. Following the completion of the transaction, the director now directly owns 4,934 shares in the company, valued at approximately $1,158,256.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Steven A. Brass purchased 432 shares of WD-40 stock in a transaction that occurred on Tuesday, April 16th. The stock was purchased at an average price of $232.22 per share, with a total value of $100,319.04. Following the transaction, the chief executive officer now owns 20,547 shares in the company, valued at approximately $4,771,424.34. The disclosure for this purchase can be found here. Insiders have acquired 942 shares of company stock valued at $226,897 in the last quarter. Insiders own 0.65% of the company's stock.

Institutional Trading of WD-40

Several large investors have recently added to or reduced their stakes in WDFC. Allspring Global Investments Holdings LLC grew its stake in WD-40 by 152.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,689 shares of the specialty chemicals company's stock valued at $428,000 after acquiring an additional 1,020 shares in the last quarter. Bridge City Capital LLC increased its stake in shares of WD-40 by 0.8% in the first quarter. Bridge City Capital LLC now owns 5,991 shares of the specialty chemicals company's stock worth $1,518,000 after acquiring an additional 45 shares during the last quarter. Profit Investment Management LLC raised its stake in shares of WD-40 by 32.5% during the 1st quarter. Profit Investment Management LLC now owns 16,024 shares of the specialty chemicals company's stock worth $4,059,000 after purchasing an additional 3,926 shares in the last quarter. Wedmont Private Capital acquired a new stake in shares of WD-40 in the 1st quarter valued at $212,000. Finally, Scarborough Advisors LLC bought a new stake in shares of WD-40 during the 4th quarter worth about $104,000. 91.52% of the stock is owned by institutional investors and hedge funds.

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.