WD-40 (NASDAQ:WDFC - Get Free Report) Director David Pendarvis purchased 328 shares of the business's stock in a transaction dated Friday, April 12th. The stock was bought at an average price of $234.75 per share, for a total transaction of $76,998.00. Following the completion of the acquisition, the director now directly owns 4,934 shares in the company, valued at approximately $1,158,256.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
WD-40 Stock Down 2.2 %
Shares of WD-40 stock opened at $236.29 on Friday. WD-40 has a 52-week low of $175.79 and a 52-week high of $278.78. The firm's 50 day moving average price is $257.31 and its 200-day moving average price is $240.27. The company has a quick ratio of 1.58, a current ratio of 2.27 and a debt-to-equity ratio of 0.40. The company has a market cap of $3.20 billion, a P/E ratio of 47.16 and a beta of -0.06.
WD-40 (NASDAQ:WDFC - Get Free Report) last released its quarterly earnings results on Tuesday, April 9th. The specialty chemicals company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.01. WD-40 had a net margin of 12.19% and a return on equity of 32.30%. The business had revenue of $139.10 million for the quarter, compared to analyst estimates of $140.51 million. During the same period in the previous year, the company earned $1.21 earnings per share. The business's revenue for the quarter was up 6.8% on a year-over-year basis. On average, sell-side analysts predict that WD-40 will post 5.22 EPS for the current fiscal year.
WD-40 Announces Dividend
4 Cryptos BETTER than Bitcoin
From True Market Insiders | Ad
Former Wall Street Insider and Professional Money Manager Reveals 4 Cryptos BETTER Than Bitcoin
Click For My #1 FREE Crypto for 2024
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 19th will be paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend is Thursday, April 18th. WD-40's dividend payout ratio (DPR) is presently 70.26%.
Institutional Investors Weigh In On WD-40
A number of large investors have recently modified their holdings of WDFC. BlackRock Inc. grew its holdings in shares of WD-40 by 1.2% during the first quarter. BlackRock Inc. now owns 2,125,850 shares of the specialty chemicals company's stock valued at $389,520,000 after buying an additional 25,648 shares during the last quarter. Vanguard Group Inc. grew its stake in WD-40 by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 1,623,323 shares of the specialty chemicals company's stock valued at $285,283,000 after purchasing an additional 11,000 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of WD-40 by 0.8% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 671,737 shares of the specialty chemicals company's stock valued at $119,603,000 after purchasing an additional 5,111 shares during the period. State Street Corp increased its holdings in shares of WD-40 by 0.9% in the second quarter. State Street Corp now owns 492,955 shares of the specialty chemicals company's stock valued at $92,996,000 after purchasing an additional 4,526 shares during the period. Finally, First Trust Advisors LP raised its stake in shares of WD-40 by 27.4% in the first quarter. First Trust Advisors LP now owns 328,113 shares of the specialty chemicals company's stock worth $60,120,000 after purchasing an additional 70,598 shares during the last quarter. Hedge funds and other institutional investors own 91.52% of the company's stock.
Analyst Ratings Changes
Separately, DA Davidson reaffirmed a "buy" rating and set a $313.00 price objective on shares of WD-40 in a research report on Wednesday.
Get Our Latest Report on WDFC
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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
