Insider Buying: WD-40 (NASDAQ:WDFC) CEO Acquires $100,319.04 in Stock

WD-40 (NASDAQ:WDFC) CEO Steven A. Brass acquired 432 shares of the business’s stock in a transaction dated Tuesday, April 16th. The stock was acquired at an average cost of $232.22 per share, with a total value of $100,319.04. Following the purchase, the chief executive officer now directly owns 20,547 shares in the company, valued at approximately $4,771,424.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

WD-40 Price Performance

Shares of WD-40 stock opened at $229.85 on Friday. The firm has a market cap of $3.11 billion, a PE ratio of 45.88 and a beta of -0.06. WD-40 has a 12-month low of $181.38 and a 12-month high of $278.78. The company has a quick ratio of 1.56, a current ratio of 2.27 and a debt-to-equity ratio of 0.40. The company’s fifty day simple moving average is $253.35 and its two-hundred day simple moving average is $241.56.

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

WD-40 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 19th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.53%. 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 added to or reduced their stakes in WDFC. Bridge City Capital LLC lifted its position 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 purchasing an additional 45 shares during the period. Arizona State Retirement System lifted its position in shares of WD-40 by 1.3% in the 3rd quarter. Arizona State Retirement System now owns 3,861 shares of the specialty chemicals company’s stock worth $785,000 after purchasing an additional 49 shares during the period. Cim Investment Management Inc. lifted its position in shares of WD-40 by 3.6% in the 1st quarter. Cim Investment Management Inc. now owns 1,534 shares of the specialty chemicals company’s stock worth $273,000 after purchasing an additional 53 shares during the period. Commonwealth Equity Services LLC lifted its position in shares of WD-40 by 0.8% in the 1st quarter. Commonwealth Equity Services LLC now owns 7,783 shares of the specialty chemicals company’s stock worth $1,385,000 after purchasing an additional 59 shares during the period. Finally, Baird Financial Group Inc. lifted its position in shares of WD-40 by 3.2% in the 1st quarter. Baird Financial Group Inc. now owns 2,075 shares of the specialty chemicals company’s stock worth $380,000 after purchasing an additional 65 shares during the period. Institutional investors own 91.52% of the company’s stock.

Wall Street Analyst Weigh In

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.

About WD-40

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.