WD-40 (NASDAQ:WDFC) Director William B. Noble Sells 1,000 Shares

WD-40 (NASDAQ:WDFC) Director William B. Noble sold 1,000 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $289.70, for a total transaction of $289,700.00. Following the transaction, the director now owns 7,999 shares of the company’s stock, valued at $2,317,310.30. This trade represents a 11.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

WD-40 Stock Down 0.5 %

Shares of NASDAQ:WDFC traded down $1.40 during mid-day trading on Friday, hitting $278.98. 9,448 shares of the company traded hands, compared to its average volume of 106,176. WD-40 has a 12-month low of $211.03 and a 12-month high of $292.36. The company has a current ratio of 2.47, a quick ratio of 1.70 and a debt-to-equity ratio of 0.37. The stock has a market cap of $3.78 billion, a P/E ratio of 54.87 and a beta of -0.08. The stock has a 50-day moving average price of $262.31 and a two-hundred day moving average price of $246.61.

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

WD-40 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 18th were issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend was Friday, October 18th. WD-40’s payout ratio is currently 68.88%.

Analyst Upgrades and Downgrades

WDFC has been the topic of several research reports. DA Davidson boosted their price target on WD-40 from $303.00 to $322.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Jefferies Financial Group increased their price objective on WD-40 from $250.00 to $280.00 and gave the company a “hold” rating in a report on Friday, October 18th.

Institutional Trading of WD-40

Institutional investors have recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC bought a new stake in WD-40 in the third quarter worth $29,000. DekaBank Deutsche Girozentrale bought a new stake in WD-40 in the first quarter valued at approximately $34,000. Advisors Asset Management Inc. purchased a new stake in WD-40 during the 1st quarter valued at $43,000. Covestor Ltd raised its stake in shares of WD-40 by 57.7% during the first quarter. Covestor Ltd now owns 216 shares of the specialty chemicals company’s stock valued at $55,000 after acquiring an additional 79 shares during the last quarter. Finally, Blue Trust Inc. purchased a new position in WD-40 during the 2nd quarter valued at about $67,000. Hedge funds and other institutional investors own 91.52% of the company’s stock.

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.