WD-40 (NASDAQ:WDFC) Shares Up 1.3%

WD-40 (NASDAQ:WDFC - Get Free Report) was up 1.3% on Tuesday . The stock traded as high as $236.26 and last traded at $236.26. Approximately 6,951 shares changed hands during trading, a decline of 94% from the average daily volume of 125,170 shares. The stock had previously closed at $233.31.

Analyst Upgrades and Downgrades

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

WD-40 Trading Up 2.9 %

The stock has a fifty day moving average of $241.45 and a 200 day moving average of $245.06. The company has a market capitalization of $3.25 billion, a P/E ratio of 47.92 and a beta of -0.02. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.56 and a current ratio of 2.27.

WD-40 (NASDAQ:WDFC - Get Free Report) last announced its earnings results on Tuesday, April 9th. The specialty chemicals company reported $1.14 EPS for the quarter, topping analysts' consensus estimates of $1.13 by $0.01. WD-40 had a return on equity of 32.30% and a net margin of 12.19%. The company had revenue of $139.10 million for the quarter, compared to analysts' expectations of $140.51 million. During the same period last year, the firm earned $1.21 EPS. WD-40's revenue for the quarter was up 6.8% compared to the same quarter last year. As a group, equities research analysts anticipate 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 was paid on Tuesday, April 30th. Investors of record on Friday, April 19th were issued a $0.88 dividend. The ex-dividend date was Thursday, April 18th. This represents a $3.52 dividend on an annualized basis and a yield of 1.47%. WD-40's dividend payout ratio is currently 70.26%.

Insider Buying and Selling at WD-40

In other WD-40 news, CEO Steven A. Brass purchased 432 shares of the firm's stock in a transaction on Tuesday, April 16th. The shares were acquired at an average cost of $232.22 per share, with a total value of $100,319.04. Following the completion of the acquisition, 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 hyperlink. In other WD-40 news, CEO Steven A. Brass purchased 432 shares of the firm's stock in a transaction on Tuesday, April 16th. The shares were acquired at an average cost of $232.22 per share, with a total value of $100,319.04. Following the completion of the acquisition, 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 hyperlink. Also, Director David Pendarvis purchased 328 shares of the firm's stock in a transaction on Friday, April 12th. The shares were acquired at an average cost of $234.75 per share, for a total transaction of $76,998.00. Following the completion of the acquisition, the director now owns 4,934 shares of the company's stock, valued at $1,158,256.50. The disclosure for this purchase can be found here. Insiders have acquired a total of 973 shares of company stock valued at $226,910 over the last ninety days. 0.65% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Sequoia Financial Advisors LLC purchased a new position in shares of WD-40 during the fourth quarter valued at about $510,000. Profit Investment Management LLC purchased a new position in WD-40 in the fourth quarter worth about $2,892,000. Aviva PLC purchased a new position in WD-40 in the third quarter worth about $586,000. Envestnet Asset Management Inc. grew its position in WD-40 by 48.5% in the third 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 in the last quarter. Finally, Invesco Ltd. grew its position in WD-40 by 10.1% in the third quarter. Invesco Ltd. now owns 59,841 shares of the specialty chemicals company's stock worth $12,162,000 after acquiring an additional 5,481 shares in the last quarter. Hedge funds and other institutional investors own 91.52% of the company's stock.

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.