WD-40 (NASDAQ:WDFC) Shares Down 0.8%

WD-40 (NASDAQ:WDFC - Get Free Report) shares traded down 0.8% during mid-day trading on Tuesday . The stock traded as low as $222.27 and last traded at $222.52. 38,153 shares changed hands during mid-day trading, a decline of 71% from the average session volume of 130,948 shares. The stock had previously closed at $224.23.

Analysts Set New Price Targets

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

WD-40 Stock Performance

The business has a 50-day moving average price of $248.04 and a 200-day moving average price of $243.29. 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 firm has a market capitalization of $3.06 billion, a price-to-earnings ratio of 45.14 and a beta of -0.06.

WD-40 (NASDAQ:WDFC - Get Free Report) last announced its 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 analyst estimates of $140.51 million. WD-40 had a return on equity of 32.30% and a net margin of 12.19%. The firm's quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.21 EPS. As a group, sell-side analysts forecast that WD-40 will post 5.22 earnings per share for the current year.

WD-40 Dividend Announcement

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 1.56%. The ex-dividend date of this dividend is Thursday, April 18th. WD-40's dividend payout ratio (DPR) is presently 70.26%.

Insider Buying and Selling at WD-40

In related news, VP Jeffrey G. Lindeman acquired 182 shares of the stock in a transaction dated Monday, February 12th. The stock was acquired at an average cost of $272.42 per share, for a total transaction of $49,580.44. Following the completion of the purchase, the vice president now owns 3,073 shares of the company's stock, valued at approximately $837,146.66. The purchase was disclosed in a document filed with the SEC, which is available through this link. In other news, VP Jeffrey G. Lindeman bought 182 shares of the firm's stock in a transaction that occurred on Monday, February 12th. The stock was purchased at an average price of $272.42 per share, with a total value of $49,580.44. Following the completion of the acquisition, the vice president now directly owns 3,073 shares of the company's stock, valued at approximately $837,146.66. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Steven A. Brass purchased 432 shares of the business's stock in a transaction that occurred on Tuesday, April 16th. The stock was acquired at an average price of $232.22 per share, for a total transaction 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 disclosure for this purchase can be found here. In the last quarter, insiders have purchased 942 shares of company stock worth $226,897. 0.65% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On WD-40

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC grew its stake in shares of 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 worth $428,000 after purchasing an additional 1,020 shares during the period. Conestoga Capital Advisors LLC raised its position in shares of WD-40 by 0.6% in the first quarter. Conestoga Capital Advisors LLC now owns 316,272 shares of the specialty chemicals company's stock worth $80,115,000 after acquiring an additional 1,910 shares during the period. YHB Investment Advisors Inc. purchased a new position in WD-40 during the first quarter worth approximately $33,000. New York State Teachers Retirement System grew its holdings in WD-40 by 2.6% in the first quarter. New York State Teachers Retirement System now owns 21,946 shares of the specialty chemicals company's stock valued at $5,559,000 after purchasing an additional 549 shares during the period. Finally, Simplicity Wealth LLC purchased a new stake in shares of WD-40 in the first quarter valued at approximately $1,034,000. 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.