WD-40 (NASDAQ:WDFC) Shares Down 1%

WD-40 (NASDAQ:WDFC - Get Free Report) shares fell 1% on Wednesday . The company traded as low as $223.51 and last traded at $223.92. 11,546 shares changed hands during trading, a decline of 91% from the average session volume of 130,773 shares. The stock had previously closed at $226.13.

Wall Street Analysts Forecast Growth

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

WD-40 Stock Performance

The company has a market capitalization of $3.07 billion, a P/E ratio of 45.17 and a beta of -0.06. The stock has a fifty day simple moving average of $247.30 and a 200-day simple moving average of $243.17. The company has a quick ratio of 1.56, a current ratio of 2.27 and a debt-to-equity ratio of 0.40.

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, beating analysts' consensus estimates of $1.13 by $0.01. The company 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%. The business's revenue was up 6.8% on a year-over-year basis. During the same period last year, the business earned $1.21 earnings per share. Equities analysts forecast that WD-40 will post 5.22 EPS for the current year.

WD-40 Dividend Announcement

The firm also recently declared 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 dividend yield of 1.56%. WD-40's dividend payout ratio is 70.26%.

Insider Activity at WD-40

In other WD-40 news, 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 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 approximately $4,771,424.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Steven A. Brass acquired 432 shares of the company's 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 acquisition, the chief executive officer now owns 20,547 shares of the company's stock, valued at approximately $4,771,424.34. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Jeffrey G. Lindeman acquired 182 shares of the company's stock in a transaction on Monday, February 12th. The shares were purchased at an average cost 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 in the company, valued at approximately $837,146.66. The disclosure for this purchase can be found here. Insiders acquired 942 shares of company stock valued at $226,897 over the last ninety days. 0.65% of the stock is owned by insiders.

Institutional Trading of WD-40

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. YHB Investment Advisors Inc. acquired a new position in shares of WD-40 during the 1st quarter worth about $33,000. GAMMA Investing LLC acquired a new position in shares of WD-40 during the 4th quarter worth about $44,000. Pacer Advisors Inc. acquired a new position in shares of WD-40 during the 4th quarter worth about $56,000. Principal Securities Inc. acquired a new position in shares of WD-40 during the 4th quarter worth about $60,000. Finally, Strs Ohio grew its position in shares of WD-40 by 100.0% during the 3rd quarter. Strs Ohio now owns 400 shares of the specialty chemicals company's stock worth $81,000 after buying an additional 200 shares during the period. 91.52% of the stock is owned by 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.