WD-40 (NASDAQ:WDFC) Director William B. Noble Sells 800 Shares of Stock

WD-40 (NASDAQ:WDFC) Director William B. Noble sold 800 shares of the firm’s stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $256.98, for a total value of $205,584.00. Following the completion of the transaction, the director now directly owns 8,999 shares of the company’s stock, valued at approximately $2,312,563.02. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

WD-40 Stock Performance

WD-40 stock opened at $267.92 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.47 and a quick ratio of 1.70. The stock has a fifty day moving average price of $257.81 and a two-hundred day moving average price of $242.82. WD-40 has a 52-week low of $207.95 and a 52-week high of $278.78. The firm has a market capitalization of $3.63 billion, a P/E ratio of 52.43 and a beta of -0.08.

WD-40 (NASDAQ:WDFC) last released its quarterly earnings data on Thursday, October 17th. The specialty chemicals company reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.11). WD-40 had a return on equity of 31.53% and a net margin of 11.79%. The company had revenue of $156.00 million for the quarter, compared to analyst estimates of $149.20 million. During the same quarter in the prior year, the company earned $1.21 earnings per share. The business’s revenue was up 11.0% compared to the same quarter last year. As a group, analysts anticipate that WD-40 will post 5.36 EPS for the current fiscal year.

WD-40 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 18th will be paid a dividend of $0.88 per share. The ex-dividend date of this dividend is Friday, October 18th. This represents a $3.52 annualized dividend and a yield of 1.31%. WD-40’s dividend payout ratio is currently 68.88%.

Institutional Trading of WD-40

A number of hedge funds and other institutional investors have recently made changes to their positions in WDFC. V Square Quantitative Management LLC acquired a new stake in shares of WD-40 in the third quarter valued at $29,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of WD-40 in the first quarter valued at $34,000. Advisors Asset Management Inc. acquired a new stake in shares of WD-40 in the first quarter valued at $43,000. Covestor Ltd increased its stake in shares of WD-40 by 57.7% in the first quarter. Covestor Ltd now owns 216 shares of the specialty chemicals company’s stock valued at $55,000 after buying an additional 79 shares in the last quarter. Finally, Blue Trust Inc. acquired a new stake in shares of WD-40 in the second quarter valued at $67,000. 91.52% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently commented on the company. DA Davidson raised their target price on WD-40 from $303.00 to $322.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Jefferies Financial Group raised their target price on WD-40 from $250.00 to $280.00 and gave the stock a “hold” rating in a research report on Friday, October 18th.

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.