WD-40 (NASDAQ:WDFC) Director Eric Etchart Buys 500 Shares

WD-40 (NASDAQ:WDFC – Get Rating) Director Eric Etchart purchased 500 shares of WD-40 in a trade dated Thursday, August 4. The shares were purchased at an average price of $177.60 per share, with a total value of $88,800.00. Following the completion of the acquisition, the administrator now owns 5,692 shares of the company, valued at $1,010,899.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, accessible via this link.

WD-40 down 0.1%

Shares of WDFC were down $0.19 during Friday trading hours, hitting $178.01. 106,584 shares of shares traded in hands, compared to its average volume of 100,799. The company has a current ratio of 2.51, a quick ratio of 1.51 and a debt ratio of 0.56. WD-40 has a 1-year low of $163.61 and a 1-year high of $255.31. The company has a market capitalization of $2.43 billion, a PE ratio of 40.18 and a beta of -0.23. The company has a fifty-day moving average of $185.62 and a 200-day moving average of $193.17.

WD-40 (NASDAQ:WDFC – Get Rating) last released its quarterly results on Thursday, July 7. The specialty chemicals company reported earnings per share (EPS) of $1.07 for the quarter, missing the consensus estimate of $1.28 per ($0.21). WD-40 had a net margin of 12.10% and a return on equity of 30.75%. The company posted revenue of $123.67 million for the quarter, versus analyst estimates of $142.80 million. During the same period last year, the company achieved EPS of $1.52. The company’s revenue decreased by 9.3% compared to the same quarter last year. Analysts expect WD-40 to post an EPS of 5.08 for the current year.

WD-40 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 29. Shareholders of record on Friday, July 15 received a dividend of $0.78. This represents an annualized dividend of $3.12 and a yield of 1.75%. The ex-dividend date was Thursday, July 14. The distribution rate of WD-40 is 70.43%.

Hedge funds weigh in on WD-40

Several hedge funds have recently increased or reduced their holdings in the stock. Profund Advisors LLC increased its stake in WD-40 by 3.7% in the fourth quarter. Profund Advisors LLC now owns 1,374 shares of the specialty chemicals company valued at $336,000 after buying 49 additional shares during the period. Mine & Arao Wealth Creation & Management LLC. increased its stake in WD-40 by 50.0% in the fourth quarter. Mine & Arao Wealth Creation & Management LLC. now owns 150 shares of the specialty chemicals company valued at $37,000 after purchasing an additional 50 shares during the period. Steward Partners Investment Advisory LLC increased its holdings of WD-40 shares by 22.3% in the first quarter. Steward Partners Investment Advisory LLC now owns 335 shares of the specialty chemicals company worth $61,000 after acquiring 61 additional shares in the last quarter. Golden State Wealth Management LLC increased its holdings of WD-40 stock by 3.7% in the fourth quarter. Golden State Wealth Management LLC now owns 1,774 shares of the specialty chemicals company worth $434,000 after acquiring 63 additional shares last quarter. Finally, Baird Financial Group Inc. increased its holdings of WD-40 shares by 3.2% in the first quarter. Baird Financial Group Inc. now owns 2,075 shares of the specialty chemicals company worth $380,000 after acquiring 65 more shares last quarter. Institutional investors and hedge funds hold 90.78% of the company’s shares.

Analyst upgrades and downgrades

Several equity research analysts have recently released reports on the company. BWS Financial assumed coverage on WD-40 in a Thursday, July 14 report. They set a rating of “sell” and a price target of $88.00 for the company. TheStreet downgraded WD-40 from a “b-” rating to a “c+” rating in a Friday, July 8 report. Finally, DA Davidson upgraded WD-40 from a “neutral” rating to a “buy” rating and set a price target of $205.00 for the company in a Monday, July 18 report.

About WD-40

(Get an evaluation)

WD-40 Company develops and sells janitorial, home care and cleaning products in the Americas, Europe, Middle East, Africa and Asia-Pacific. The company provides multi-purpose cleaning products that include aerosol, non-aerosol trigger spray and bulk liquid products under the WD-40 Multi-Use brand; and specialty maintenance products, such as penetrants, degreasers, corrosion inhibitors, greases, lubricants and rust removers under the WD-40 Specialist brand, as well as various products under the WD-40 Bike brand.

Featured articles

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Before you consider WD-40, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes hold…and WD-40 wasn’t on the list.

While WD-40 currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the five actions here

Comments are closed.