WD-40 (NASDAQ:WDFC) Stock Price Down 0.3%

WD-40 (NASDAQ:WDFC)’s share price traded down 0.3% during mid-day trading on Thursday . The company traded as low as $224.71 and last traded at $226.07. 12,853 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 133,311 shares. The stock had previously closed at $226.69.

Wall Street Analysts Forecast Growth

Separately, DA Davidson reaffirmed a “buy” rating and issued a $313.00 price objective on shares of WD-40 in a research note on Wednesday, April 10th.

WD-40 Stock Down 0.7 %

The company has a market cap of $3.05 billion, a PE ratio of 45.12 and a beta of -0.06. The stock’s 50 day moving average price is $251.04 and its 200-day moving average price is $242.37. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.56 and a current ratio of 2.27.

WD-40 (NASDAQ:WDFC) last announced its quarterly earnings data on Tuesday, April 9th. The specialty chemicals company reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.01. WD-40 had a net margin of 12.19% and a return on equity of 32.30%. The company had revenue of $139.10 million during the quarter, compared to analysts’ expectations of $140.51 million. During the same quarter in the prior year, the company earned $1.21 EPS. The firm’s revenue was up 6.8% on a year-over-year basis. On average, analysts predict that WD-40 will post 5.22 earnings per share for the current year.

WD-40 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 19th will be issued a dividend of $0.88 per share. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $3.52 dividend on an annualized basis and a yield of 1.56%. WD-40’s dividend payout ratio is currently 70.26%.

Insider Activity at WD-40

In other news, CEO Steven A. Brass purchased 432 shares of the stock in a transaction that occurred on Tuesday, April 16th. The stock was bought at an average cost of $232.22 per share, for a total transaction of $100,319.04. Following the acquisition, the chief executive officer now directly owns 20,547 shares of the company’s stock, valued at approximately $4,771,424.34. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, VP Jeffrey G. Lindeman acquired 182 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was acquired at an average cost of $272.42 per share, for a total transaction of $49,580.44. Following the acquisition, the vice president now owns 3,073 shares of the company’s stock, valued at $837,146.66. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Steven A. Brass acquired 432 shares of the firm’s stock in a transaction on Tuesday, April 16th. The stock was bought at an average price of $232.22 per share, with a total value of $100,319.04. Following the completion of the acquisition, the chief executive officer now directly owns 20,547 shares in the company, valued at approximately $4,771,424.34. The disclosure for this purchase can be found here. Insiders bought 942 shares of company stock worth $226,897 in the last three months. 0.65% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Simplicity Wealth LLC bought a new position in WD-40 in the 1st quarter worth $1,034,000. Allspring Global Investments Holdings LLC raised its holdings in WD-40 by 152.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,689 shares of the specialty chemicals company’s stock worth $428,000 after purchasing an additional 1,020 shares in the last quarter. Bridge City Capital LLC increased its stake in shares of WD-40 by 0.8% in the 1st quarter. Bridge City Capital LLC now owns 5,991 shares of the specialty chemicals company’s stock worth $1,518,000 after acquiring an additional 45 shares in the last quarter. Profit Investment Management LLC increased its stake in shares of WD-40 by 32.5% in the 1st quarter. Profit Investment Management LLC now owns 16,024 shares of the specialty chemicals company’s stock worth $4,059,000 after acquiring an additional 3,926 shares in the last quarter. Finally, Wedmont Private Capital bought a new position in shares of WD-40 in the 1st quarter worth about $212,000. 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.