WD-40 (NASDAQ:WDFC) Sets New 52-Week Low - Time to Sell?

WD-40 (NASDAQ:WDFC - Get Free Report) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $208.00 and last traded at $221.35, with a volume of 291803 shares changing hands. The stock had previously closed at $217.49.

Analyst Upgrades and Downgrades

Separately, DA Davidson upgraded WD-40 to a "strong-buy" rating in a research note on Monday.

WD-40 Stock Performance

The company has a current ratio of 2.44, a quick ratio of 1.75 and a debt-to-equity ratio of 0.37. The firm's fifty day moving average price is $235.29 and its two-hundred day moving average price is $249.55. The stock has a market capitalization of $2.94 billion, a PE ratio of 41.64 and a beta of 0.03.

WD-40 (NASDAQ:WDFC - Get Free Report) last posted its earnings results on Tuesday, April 8th. The specialty chemicals company reported $1.32 EPS for the quarter, beating analysts' consensus estimates of $1.27 by $0.05. The firm had revenue of $146.10 million for the quarter, compared to analysts' expectations of $154.40 million. WD-40 had a return on equity of 31.68% and a net margin of 11.78%. The company's quarterly revenue was up 5.0% on a year-over-year basis. During the same period last year, the firm earned $1.14 EPS. As a group, equities research analysts forecast that WD-40 will post 5.42 EPS for the current year.

WD-40 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 18th will be paid a $0.94 dividend. The ex-dividend date is Thursday, April 17th. This represents a $3.76 dividend on an annualized basis and a yield of 1.73%. WD-40's dividend payout ratio is currently 59.97%.

Insider Buying and Selling at WD-40

In other news, CFO Sara Kathleen Hyzer purchased 256 shares of the stock in a transaction dated Friday, April 11th. The shares were purchased at an average cost of $222.83 per share, with a total value of $57,044.48. Following the completion of the purchase, the chief financial officer now directly owns 4,072 shares of the company's stock, valued at approximately $907,363.76. The trade was a 6.71 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.75% of the company's stock.

Institutional Investors Weigh In On WD-40

A number of large investors have recently modified their holdings of WDFC. Barclays PLC grew its stake in WD-40 by 309.7% during the 3rd quarter. Barclays PLC now owns 37,094 shares of the specialty chemicals company's stock valued at $9,566,000 after acquiring an additional 28,039 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of WD-40 by 3.5% in the 3rd quarter. Geode Capital Management LLC now owns 378,115 shares of the specialty chemicals company's stock valued at $97,524,000 after buying an additional 12,943 shares during the period. Sanctuary Advisors LLC lifted its position in shares of WD-40 by 30.4% during the third quarter. Sanctuary Advisors LLC now owns 1,881 shares of the specialty chemicals company's stock worth $534,000 after purchasing an additional 438 shares in the last quarter. Wilmington Savings Fund Society FSB increased its stake in WD-40 by 365.5% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 4,841 shares of the specialty chemicals company's stock worth $1,248,000 after buying an additional 3,801 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in WD-40 by 24.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 53,950 shares of the specialty chemicals company's stock worth $13,913,000 after buying an additional 10,711 shares in the last quarter. 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.