WD-40 (NASDAQ:WDFC) Stock Price Down 1%

WD-40 (NASDAQ:WDFC - Get Free Report) was down 1% during mid-day trading on Monday . The stock traded as low as $227.55 and last traded at $227.55. Approximately 9,749 shares changed hands during trading, a decline of 93% from the average daily volume of 133,819 shares. The stock had previously closed at $229.85.

Wall Street Analyst Weigh In

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

WD-40 Stock Performance

The stock has a market cap of $3.07 billion, a P/E ratio of 45.31 and a beta of -0.06. 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's 50 day moving average is $253.35 and its 200 day moving average is $242.14.

WD-40 (NASDAQ:WDFC - Get Free Report) last issued its quarterly earnings data on Tuesday, April 9th. The specialty chemicals company reported $1.14 EPS for the quarter, beating the consensus estimate of $1.13 by $0.01. WD-40 had a return on equity of 32.30% and a net margin of 12.19%. The firm had revenue of $139.10 million during the quarter, compared to analyst estimates of $140.51 million. During the same quarter in the prior year, the business posted $1.21 EPS. The business's revenue for the quarter was up 6.8% compared to the same quarter last year. Analysts anticipate that WD-40 will post 5.22 EPS for the current year.

WD-40 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 19th will be paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend is Thursday, April 18th. WD-40's dividend payout ratio (DPR) is presently 70.26%.

Insiders Place Their Bets

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

Hedge Funds Weigh In On WD-40

Several institutional investors have recently made changes to their positions in the company. Conestoga Capital Advisors LLC increased its holdings in WD-40 by 1.0% in the fourth quarter. Conestoga Capital Advisors LLC now owns 314,362 shares of the specialty chemicals company's stock valued at $75,155,000 after buying an additional 3,117 shares in the last quarter. APG Asset Management US Inc. purchased a new position in shares of WD-40 in the 4th quarter valued at about $38,142,000. Northern Trust Corp raised its holdings in WD-40 by 2.2% in the 3rd quarter. Northern Trust Corp now owns 152,552 shares of the specialty chemicals company's stock worth $31,005,000 after purchasing an additional 3,334 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in WD-40 by 2.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 136,121 shares of the specialty chemicals company's stock valued at $32,542,000 after purchasing an additional 2,765 shares during the period. Finally, California Public Employees Retirement System increased its position in shares of WD-40 by 0.6% in the third quarter. California Public Employees Retirement System now owns 90,872 shares of the specialty chemicals company's stock valued at $18,469,000 after buying an additional 583 shares in the last quarter. 91.52% of the stock is owned by hedge funds and other 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.