WD-40 (NASDAQ:WDFC) CFO Acquires $57,044.48 in Stock

WD-40 (NASDAQ:WDFC - Get Free Report) CFO Sara Kathleen Hyzer purchased 256 shares of the firm's stock in a transaction on Friday, April 11th. The stock was acquired at an average price of $222.83 per share, with a total value of $57,044.48. Following the completion of the purchase, the chief financial officer now owns 4,072 shares of the company's stock, valued at $907,363.76. The trade was a 6.71 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

WD-40 Stock Performance

WDFC traded up $5.08 on Friday, reaching $222.76. 105,446 shares of the stock were exchanged, compared to its average volume of 101,513. The company's 50-day moving average price is $234.52 and its 200 day moving average price is $248.78. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.44 and a quick ratio of 1.75. The firm has a market capitalization of $3.02 billion, a PE ratio of 42.67 and a beta of 0.03. WD-40 has a fifty-two week low of $208.00 and a fifty-two week high of $292.36.

WD-40 (NASDAQ:WDFC - Get Free Report) last released its earnings results on Tuesday, April 8th. The specialty chemicals company reported $1.32 EPS for the quarter, topping analysts' consensus estimates of $1.27 by $0.05. WD-40 had a return on equity of 31.68% and a net margin of 11.78%. The firm had revenue of $146.10 million during the quarter, compared to the consensus estimate of $154.40 million. During the same quarter in the previous year, the company posted $1.14 earnings per share. The company's revenue was up 5.0% compared to the same quarter last year. As a group, sell-side analysts forecast that WD-40 will post 5.42 EPS for the current fiscal year.

WD-40 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 18th will be given a dividend of $0.94 per share. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $3.76 dividend on an annualized basis and a yield of 1.69%. WD-40's dividend payout ratio is presently 59.97%.

Wall Street Analyst Weigh In

Separately, DA Davidson raised shares of WD-40 to a "strong-buy" rating in a research report on Monday, April 14th.

Institutional Investors Weigh In On WD-40

Hedge funds have recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in WD-40 during the fourth quarter worth about $54,571,000. GAMMA Investing LLC raised its stake in shares of WD-40 by 28,448.0% during the 1st quarter. GAMMA Investing LLC now owns 114,192 shares of the specialty chemicals company's stock worth $27,863,000 after buying an additional 113,792 shares during the period. Millennium Management LLC lifted its position in shares of WD-40 by 206.9% during the 4th quarter. Millennium Management LLC now owns 158,156 shares of the specialty chemicals company's stock valued at $38,381,000 after buying an additional 106,617 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in WD-40 in the 4th quarter valued at $17,903,000. Finally, Balyasny Asset Management L.P. purchased a new stake in WD-40 in the 4th quarter worth $10,179,000. 91.52% of the stock is owned by hedge funds and other 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.