WD-40 (NASDAQ:WDFC) Shares Up 1.1%

WD-40 (NASDAQ:WDFC - Get Free Report) traded up 1.1% during mid-day trading on Thursday . The stock traded as high as $228.82 and last traded at $228.82. 7,447 shares were traded during mid-day trading, a decline of 94% from the average session volume of 130,395 shares. The stock had previously closed at $226.31.

Analyst Upgrades and Downgrades

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

WD-40 Stock Performance

The stock has a fifty day moving average of $246.63 and a 200-day moving average of $243.08. The company has a quick ratio of 1.56, a current ratio of 2.27 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $3.13 billion, a PE ratio of 46.05 and a beta of -0.02.

WD-40 (NASDAQ:WDFC - Get Free Report) last issued its quarterly earnings data on Tuesday, April 9th. The specialty chemicals company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.01. The firm had revenue of $139.10 million during 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%. WD-40's revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.21 earnings per share. Equities analysts anticipate that WD-40 will post 5.22 earnings per share for the current fiscal year.

WD-40 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, April 19th were given a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend was Thursday, April 18th. WD-40's payout ratio is currently 70.26%.

Insider Transactions at WD-40

In other news, CEO Steven A. Brass bought 432 shares of WD-40 stock in a transaction on Tuesday, April 16th. The stock was purchased 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 of the company's stock, valued at approximately $4,771,424.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other WD-40 news, CEO Steven A. Brass bought 432 shares of the business's stock in a transaction that occurred on 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 completion of the purchase, the chief executive officer now directly owns 20,547 shares in the company, valued at $4,771,424.34. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Jeffrey G. Lindeman purchased 182 shares of the business's stock in a transaction dated Monday, February 12th. The shares were purchased at an average price of $272.42 per share, for a total transaction of $49,580.44. Following the acquisition, the vice president now directly owns 3,073 shares of the company's stock, valued at $837,146.66. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 942 shares of company stock valued at $226,897. Insiders own 0.65% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in WDFC. YHB Investment Advisors Inc. bought a new stake in WD-40 in the first quarter worth approximately $33,000. GAMMA Investing LLC bought a new stake in WD-40 in the fourth quarter worth approximately $44,000. Pacer Advisors Inc. bought a new stake in WD-40 in the fourth quarter worth approximately $56,000. Principal Securities Inc. bought a new stake in WD-40 in the fourth quarter worth approximately $60,000. Finally, Strs Ohio grew its position in WD-40 by 100.0% in the third quarter. Strs Ohio now owns 400 shares of the specialty chemicals company's stock worth $81,000 after acquiring an additional 200 shares in the last quarter. Institutional investors and hedge funds own 91.52% of the company's stock.

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.