WD-40 Co. (NASDAQ:WDFC) Director Giles H. Bateman sold 1,176 shares of WD-40 stock in a transaction on Tuesday, October 25th. The stock was sold at an average price of $108.02, for a total transaction of $127,031.52. Following the transaction, the director now owns 18,577 shares in the company, valued at approximately $2,006,687.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
WD-40 Co. (NASDAQ:WDFC) opened at 105.52 on Monday. WD-40 Co. has a 12-month low of $94.00 and a 12-month high of $125.00. The company has a 50-day moving average of $111.87 and a 200 day moving average of $112.55. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of 28.99 and a beta of 0.71.
WD-40 (NASDAQ:WDFC) last issued its quarterly earnings results on Wednesday, October 19th. The company reported $0.99 EPS for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.17. The firm had revenue of $97.20 million for the quarter, compared to analyst estimates of $97.47 million. WD-40 had a net margin of 13.82% and a return on equity of 35.59%. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.80 EPS. Equities analysts expect that WD-40 Co. will post $3.67 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Friday, October 21st will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date is Wednesday, October 19th. WD-40’s payout ratio is 46.15%.
A number of equities analysts have recently commented on WDFC shares. Jefferies Group started coverage on shares of WD-40 in a report on Thursday, August 25th. They set a “hold” rating and a $120.00 price target on the stock. Wunderlich dropped their target price on shares of WD-40 from $115.00 to $100.00 and set a “hold” rating on the stock in a report on Thursday, October 20th. Zacks Investment Research upgraded shares of WD-40 from a “sell” rating to a “hold” rating in a report on Wednesday, August 17th. Finally, B. Riley restated a “neutral” rating and issued a $106.00 target price on shares of WD-40 in a report on Monday, July 11th.
Institutional investors have recently modified their holdings of the company. Hermes Investment Management Ltd. raised its position in shares of WD-40 by 133.7% in the second quarter. Hermes Investment Management Ltd. now owns 201,679 shares of the company’s stock worth $23,687,000 after buying an additional 115,394 shares during the last quarter. Retirement Systems of Alabama bought a new position in shares of WD-40 during the second quarter worth approximately $7,188,000. Prudential Financial Inc. raised its position in shares of WD-40 by 0.9% in the second quarter. Prudential Financial Inc. now owns 32,563 shares of the company’s stock worth $3,825,000 after buying an additional 290 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of WD-40 by 7.2% in the first quarter. Renaissance Technologies LLC now owns 708,000 shares of the company’s stock worth $76,471,000 after buying an additional 47,400 shares during the last quarter. Finally, BlackRock Group LTD raised its position in shares of WD-40 by 11.9% in the first quarter. BlackRock Group LTD now owns 21,678 shares of the company’s stock worth $2,341,000 after buying an additional 2,306 shares during the last quarter. 75.93% of the stock is currently owned by hedge funds and other institutional investors.