WD-40 (NASDAQ:WDFC) Sets New 1-Year Low - Time to Sell?

Key Points

• WD-40's stock reached a new 52-week low at $187.40, with the last traded price at $191.37, prompting speculation about potential selling.
• Despite the low stock price, analysts have a Moderate Buy rating with an average price target of $300.00.
• WD-40 recently announced a quarterly dividend of $0.94 per share, which is indicative of a 1.9% annual yield.

WD-40 Company (NASDAQ:WDFC - Get Free Report)'s stock price hit a new 52-week low during trading on Tuesday . The stock traded as low as $187.40 and last traded at $191.37, with a volume of 1566 shares trading hands. The stock had previously closed at $193.07.

Analysts Set New Price Targets

Several research firms have issued reports on WDFC. Weiss Ratings restated a "hold (c)" rating on shares of WD-40 in a report on Wednesday, October 8th. DA Davidson decreased their target price on WD-40 from $322.00 to $300.00 and set a "buy" rating for the company in a research report on Friday, July 11th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $300.00.

WD-40 Stock Up 2.0%

The firm has a 50-day moving average of $207.70 and a two-hundred day moving average of $222.39. The company has a current ratio of 2.84, a quick ratio of 2.02 and a debt-to-equity ratio of 0.33. The firm has a market cap of $2.66 billion, a price-to-earnings ratio of 31.01 and a beta of 0.09.

WD-40 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, October 20th will be issued a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Monday, October 20th. WD-40's dividend payout ratio (DPR) is currently 59.21%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Stratos Wealth Partners LTD. boosted its position in shares of WD-40 by 4.8% in the 1st quarter. Stratos Wealth Partners LTD. now owns 1,048 shares of the specialty chemicals company's stock worth $256,000 after purchasing an additional 48 shares during the last quarter. KBC Group NV lifted its holdings in WD-40 by 8.9% during the first quarter. KBC Group NV now owns 597 shares of the specialty chemicals company's stock worth $146,000 after acquiring an additional 49 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in WD-40 by 5.9% during the first quarter. D.A. Davidson & CO. now owns 895 shares of the specialty chemicals company's stock worth $218,000 after acquiring an additional 50 shares in the last quarter. Xponance Inc. lifted its holdings in WD-40 by 5.4% during the first quarter. Xponance Inc. now owns 1,037 shares of the specialty chemicals company's stock worth $253,000 after acquiring an additional 53 shares in the last quarter. Finally, Private Advisor Group LLC lifted its holdings in WD-40 by 3.9% during the first quarter. Private Advisor Group LLC now owns 1,482 shares of the specialty chemicals company's stock worth $362,000 after acquiring an additional 56 shares in the last quarter. 91.52% of the stock is currently 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.

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