WD-40 (NASDAQ:WDFC) Shares Down 0.4%

Shares of WD-40 (NASDAQ:WDFC - Get Free Report) were down 0.4% on Wednesday . The stock traded as low as $224.17 and last traded at $225.22. Approximately 14,426 shares changed hands during trading, a decline of 89% from the average daily volume of 133,807 shares. The stock had previously closed at $226.17.

Analysts Set New Price Targets

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

WD-40 Stock Up 0.2 %

The company has a current ratio of 2.27, a quick ratio of 1.56 and a debt-to-equity ratio of 0.40. The stock has a market cap of $3.07 billion, a P/E ratio of 45.25 and a beta of -0.06. The firm has a 50-day simple moving average of $251.04 and a two-hundred day simple moving average of $242.37.

WD-40 (NASDAQ:WDFC - Get Free Report) last posted its quarterly earnings data on Tuesday, April 9th. The specialty chemicals company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.01. The firm 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 company's quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.21 EPS. Equities research analysts expect 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 will be paid on Tuesday, April 30th. Stockholders 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 dividend yield of 1.55%. The ex-dividend date of this dividend is Thursday, April 18th. WD-40's dividend payout ratio (DPR) is currently 70.26%.

Insider Transactions at WD-40

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

Institutional Trading of WD-40

Several large investors have recently bought and sold shares of the business. Conestoga Capital Advisors LLC boosted its stake 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. acquired a new stake in shares of WD-40 during the fourth quarter valued at about $38,142,000. Northern Trust Corp boosted its stake in shares of WD-40 by 2.2% during the third quarter. Northern Trust Corp now owns 152,552 shares of the specialty chemicals company's stock valued at $31,005,000 after purchasing an additional 3,334 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of WD-40 by 2.1% during 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 in the last quarter. Finally, California Public Employees Retirement System boosted its stake in shares of WD-40 by 0.6% during 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 purchasing an additional 583 shares in the last quarter. 91.52% of the stock is owned by institutional investors and hedge funds.

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.