Todays Report: The WD-40 Co. (WDFC) To Go Ex-Dividend on October 19th

The WD-40 Co. (WDFC) To Go Ex-Dividend on October 19th

WD-40 Co. (NASDAQ:WDFC) declared a quarterly dividend on Tuesday, October 11th. Stockholders of record on Friday, October 21st will be paid a dividend of 0.42 per share on Monday, October 31st. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend is Wednesday, October 19th.

WD-40 (NASDAQ:WDFC) opened at 111.12 on Friday. The stock’s 50 day moving average price is $115.38 and its 200-day moving average price is $112.51. WD-40 has a 12 month low of $90.31 and a 12 month high of $125.00. The firm has a market capitalization of $1.58 billion, a P/E ratio of 32.21 and a beta of 0.71.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research cut shares of WD-40 from a “hold” rating to a “sell” rating in a research report on Tuesday, September 6th. Jefferies Group assumed coverage on shares of WD-40 in a research report on Thursday, August 25th. They set a “hold” rating and a $120.00 price objective for the company. Finally, B. Riley reaffirmed a “neutral” rating and set a $106.00 price objective on shares of WD-40 in a research report on Wednesday, July 6th.

In other WD-40 news, Director Daniel E. Pittard bought 295 shares of the business’s stock in a transaction on Monday, September 12th. The stock was bought at an average price of $115.00 per share, for a total transaction of $33,925.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mario L. Crivello sold 9,000 shares of WD-40 stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $120.06, for a total transaction of $1,080,540.00. The disclosure for this sale can be found here. Company insiders own 3.84% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. BlackRock Investment Management LLC boosted its position in shares of WD-40 by 5.0% in the second quarter. BlackRock Investment Management LLC now owns 58,915 shares of the company’s stock worth $6,920,000 after buying an additional 2,820 shares during the last quarter. BlackRock Inc. boosted its position in shares of WD-40 by 63.8% in the second quarter. BlackRock Inc. now owns 1,600 shares of the company’s stock worth $188,000 after buying an additional 623 shares during the last quarter. BlackRock Fund Advisors boosted its position in shares of WD-40 by 0.7% in the second quarter. BlackRock Fund Advisors now owns 859,867 shares of the company’s stock worth $100,991,000 after buying an additional 5,601 shares during the last quarter. BlackRock Group LTD boosted its position in shares of WD-40 by 3.6% in the second quarter. BlackRock Group LTD now owns 22,462 shares of the company’s stock worth $2,638,000 after buying an additional 784 shares during the last quarter. Finally, Segall Bryant & Hamill LLC boosted its position in shares of WD-40 by 1.3% in the second quarter. Segall Bryant & Hamill LLC now owns 3,429 shares of the company’s stock worth $403,000 after buying an additional 43 shares during the last quarter. Institutional investors own 75.97% of the company’s stock.

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