WD-40 (NASDAQ:WDFC) Trading Down 0.7%

WD-40 (NASDAQ:WDFC - Get Free Report)'s stock price fell 0.7% on Friday . The stock traded as low as $230.64 and last traded at $231.56. 8,057 shares changed hands during trading, a decline of 94% from the average session volume of 126,791 shares. The stock had previously closed at $233.27.

Analyst Upgrades and Downgrades

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 Down 0.5 %

The firm has a market cap of $3.15 billion, a PE ratio of 46.22 and a beta of -0.02. The company has a 50-day simple moving average of $243.19 and a 200-day simple moving average of $244.07. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.27 and a quick ratio of 1.56.

WD-40 (NASDAQ:WDFC - Get Free Report) last announced 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. The company had revenue of $139.10 million for the quarter, compared to the consensus estimate of $140.51 million. WD-40 had a return on equity of 32.30% and a net margin of 12.19%. WD-40's quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.21 EPS. 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 was paid on Tuesday, April 30th. Shareholders of record on Friday, April 19th were paid 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 1.52%. WD-40's dividend payout ratio is currently 70.26%.

Insider Activity at WD-40

In other news, CEO Steven A. Brass acquired 432 shares of the business's stock in a transaction dated 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 owns 20,547 shares of the company's stock, valued at $4,771,424.34. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In other WD-40 news, CEO Steven A. Brass acquired 432 shares of the business's stock in a transaction dated Tuesday, April 16th. The shares were purchased at an average price of $232.22 per share, for a total transaction of $100,319.04. Following the completion of the purchase, 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 is available through the SEC website. Also, VP Jeffrey G. Lindeman bought 182 shares of WD-40 stock in a transaction that occurred on Monday, February 12th. The shares were acquired at an average cost of $272.42 per share, with a total value of $49,580.44. Following the acquisition, the vice president now owns 3,073 shares of the company's stock, valued at $837,146.66. The disclosure for this purchase can be found here. Insiders bought 942 shares of company stock worth $226,897 over the last three months. 0.65% of the stock is owned by corporate insiders.

Institutional Trading of WD-40

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. APG Asset Management US Inc. purchased a new stake in shares of WD-40 during the fourth quarter worth about $38,142,000. Norges Bank acquired a new position in WD-40 in the fourth quarter valued at approximately $19,697,000. Jupiter Asset Management Ltd. purchased a new position in shares of WD-40 during the 1st quarter worth $20,491,000. Comerica Bank purchased a new stake in shares of WD-40 in the 3rd quarter valued at approximately $6,223,000. Finally, Conestoga Capital Advisors LLC raised its position in WD-40 by 6.4% in the third quarter. Conestoga Capital Advisors LLC now owns 311,245 shares of the specialty chemicals company's stock valued at $63,257,000 after purchasing an additional 18,812 shares during the period. Institutional investors and hedge funds own 91.52% of the company's stock.

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.

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