WD-40 (NASDAQ:WDFC) Stock Price Down 0.6%

WD-40 (NASDAQ:WDFC - Get Free Report)'s share price traded down 0.6% during mid-day trading on Friday . The company traded as low as $236.71 and last traded at $237.31. 7,076 shares changed hands during trading, a decline of 94% from the average session volume of 123,340 shares. The stock had previously closed at $238.80.

Analysts Set New Price Targets

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

WD-40 Trading Down 0.1 %

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 company has a market cap of $3.23 billion, a price-to-earnings ratio of 47.64 and a beta of -0.02. The business has a fifty day simple moving average of $240.97 and a 200 day simple moving average of $244.99.

WD-40 (NASDAQ:WDFC - Get Free Report) last released its quarterly earnings data on Tuesday, April 9th. The specialty chemicals company reported $1.14 EPS for the quarter, topping analysts' consensus estimates of $1.13 by $0.01. WD-40 had a net margin of 12.19% and a return on equity of 32.30%. The firm had revenue of $139.10 million for the quarter, compared to the consensus estimate of $140.51 million. During the same quarter in the previous year, the firm earned $1.21 earnings per share. The firm's revenue was up 6.8% on a year-over-year basis. On average, equities analysts anticipate that WD-40 will post 5.22 EPS for the current fiscal year.

WD-40 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, April 19th were issued a dividend of $0.88 per share. The ex-dividend date of this dividend was Thursday, April 18th. This represents a $3.52 annualized dividend and a yield of 1.47%. WD-40's dividend payout ratio is presently 70.26%.

Insiders Place Their Bets

In other WD-40 news, CFO Sara Kathleen Hyzer purchased 213 shares of the stock in a transaction dated Thursday, May 9th. The shares were acquired at an average cost of $232.83 per share, for a total transaction of $49,592.79. Following the completion of the transaction, the chief financial officer now directly owns 2,676 shares of the company's stock, valued at $623,053.08. The purchase was disclosed in a filing with the SEC, which is available at this link. In other news, Director David Pendarvis bought 328 shares of the business's stock in a transaction that occurred on Friday, April 12th. The stock was purchased at an average price of $234.75 per share, with a total value of $76,998.00. Following the purchase, the director now owns 4,934 shares of the company's stock, valued at approximately $1,158,256.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Sara Kathleen Hyzer purchased 213 shares of the firm's stock in a transaction on Thursday, May 9th. The shares were purchased at an average cost of $232.83 per share, for a total transaction of $49,592.79. Following the completion of the purchase, the chief financial officer now directly owns 2,676 shares in the company, valued at $623,053.08. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 973 shares of company stock worth $226,910. 0.65% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On WD-40

Institutional investors and hedge funds have recently modified their holdings of the company. YHB Investment Advisors Inc. purchased a new stake in WD-40 in the 1st quarter valued at about $33,000. GAMMA Investing LLC acquired a new stake in WD-40 during the fourth quarter worth about $44,000. Advisors Asset Management Inc. purchased a new position in shares of WD-40 in the 1st quarter worth about $43,000. Covestor Ltd boosted its position in WD-40 by 57.7% during the 1st quarter. Covestor Ltd now owns 216 shares of the specialty chemicals company's stock worth $55,000 after purchasing an additional 79 shares during the period. Finally, Pacer Advisors Inc. acquired a new stake in WD-40 in the 4th quarter valued at $56,000. Hedge funds and other institutional investors own 91.52% of the company's stock.

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.