WD-40 (NASDAQ:WDFC - Get Free Report) CFO Sara Kathleen Hyzer bought 256 shares of the company's stock in a transaction that occurred on Friday, April 11th. The shares were bought at an average cost of $222.83 per share, for a total transaction of $57,044.48. Following the transaction, the chief financial officer now directly owns 4,072 shares of the company's stock, valued at $907,363.76. This trade represents a 6.71 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
WD-40 Stock Down 0.9 %
Shares of NASDAQ WDFC opened at $221.15 on Wednesday. WD-40 has a 12-month low of $208.00 and a 12-month high of $292.36. The firm's 50-day simple moving average is $235.29 and its 200 day simple moving average is $249.55. The company has a quick ratio of 1.75, a current ratio of 2.44 and a debt-to-equity ratio of 0.37. The company has a market cap of $3.00 billion, a price-to-earnings ratio of 42.37 and a beta of 0.03.
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, beating the consensus estimate of $1.27 by $0.05. The company had revenue of $146.10 million during 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 business's revenue for the quarter was up 5.0% on a year-over-year basis. During the same period last year, the firm earned $1.14 EPS. On average, research analysts expect that WD-40 will post 5.42 earnings per share for the current fiscal year.
WD-40 Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 18th will be issued 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 1.70%. WD-40's dividend payout ratio is presently 59.97%.
Analyst Ratings Changes
Separately, DA Davidson raised shares of WD-40 to a "strong-buy" rating in a report on Monday.
Get Our Latest Report on WD-40
Hedge Funds Weigh In On WD-40
Several institutional investors have recently modified their holdings of the stock. Ameriflex Group Inc. acquired a new stake in WD-40 in the fourth quarter worth $25,000. TD Waterhouse Canada Inc. acquired a new stake in WD-40 during the 4th quarter worth $27,000. Versant Capital Management Inc lifted its holdings in WD-40 by 96.1% during the first quarter. Versant Capital Management Inc now owns 149 shares of the specialty chemicals company's stock worth $36,000 after acquiring an additional 73 shares in the last quarter. Parallel Advisors LLC grew its stake in WD-40 by 82.6% in the first quarter. Parallel Advisors LLC now owns 157 shares of the specialty chemicals company's stock valued at $38,000 after acquiring an additional 71 shares during the period. Finally, Farther Finance Advisors LLC increased its holdings in shares of WD-40 by 420.0% in the first quarter. Farther Finance Advisors LLC now owns 156 shares of the specialty chemicals company's stock worth $38,000 after acquiring an additional 126 shares in the last quarter. 91.52% of the stock is currently owned by institutional investors and hedge funds.
About WD-40
(
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.
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