WD-40 Company (NASDAQ:WDFC - Get Free Report)'s share price rose 9.7% on Thursday . The stock traded as high as $234.31 and last traded at $253.85. Approximately 124,574 shares traded hands during mid-day trading, a decline of 14% from the average daily volume of 144,219 shares. The stock had previously closed at $231.50.
Wall Street Analyst Weigh In
Separately, DA Davidson upgraded WD-40 to a "strong-buy" rating in a report on Monday, April 14th.
Read Our Latest Report on WD-40
WD-40 Trading Up 9.6%
The company has a quick ratio of 1.69, a current ratio of 2.40 and a debt-to-equity ratio of 0.35. The business has a 50-day simple moving average of $238.79 and a 200-day simple moving average of $236.48. The company has a market cap of $3.44 billion, a PE ratio of 40.46 and a beta of 0.14.
WD-40 (NASDAQ:WDFC - Get Free Report) last issued its quarterly earnings data on Tuesday, April 8th. The specialty chemicals company reported $1.32 earnings per share for the quarter, beating analysts' consensus estimates of $1.27 by $0.05. WD-40 had a return on equity of 31.55% and a net margin of 13.99%. The business had revenue of $146.10 million during the quarter, compared to analysts' expectations of $154.40 million. During the same period in the previous year, the firm posted $1.14 earnings per share. The company's revenue was up 5.0% on a year-over-year basis. On average, analysts predict that WD-40 Company will post 5.42 EPS for the current fiscal year.
WD-40 Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Friday, July 18th will be given a dividend of $0.94 per share. The ex-dividend date of this dividend is Friday, July 18th. This represents a $3.76 annualized dividend and a dividend yield of 1.48%. WD-40's dividend payout ratio is presently 59.97%.
Insider Buying and Selling at WD-40
In other WD-40 news, CFO Sara Kathleen Hyzer bought 256 shares of the business's stock in a transaction that occurred on 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 purchase, the chief financial officer directly owned 4,072 shares in the company, valued at approximately $907,363.76. This represents a 6.71% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.75% of the company's stock.
Institutional Trading of WD-40
Large investors have recently modified their holdings of the stock. Ameriflex Group Inc. acquired a new position in WD-40 during the 4th quarter worth $25,000. TD Waterhouse Canada Inc. purchased a new position in shares of WD-40 in the 4th quarter valued at about $27,000. Versant Capital Management Inc boosted its stake in shares of WD-40 by 96.1% in the 1st quarter. Versant Capital Management Inc now owns 149 shares of the specialty chemicals company's stock valued at $36,000 after buying an additional 73 shares during the period. Golden State Wealth Management LLC grew its position in shares of WD-40 by 210.6% during the first quarter. Golden State Wealth Management LLC now owns 146 shares of the specialty chemicals company's stock worth $36,000 after buying an additional 99 shares in the last quarter. Finally, Parallel Advisors LLC increased its stake in shares of WD-40 by 82.6% during the first quarter. Parallel Advisors LLC now owns 157 shares of the specialty chemicals company's stock worth $38,000 after buying an additional 71 shares during the period. Hedge funds and other institutional investors own 91.52% of the company's stock.
WD-40 Company Profile
(
Get Free Report)
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.
Further Reading
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