WD-40 (NASDAQ:WDFC) Hits New 52-Week Low After Analysts Downgrade

WD-40 (NASDAQ:WDFC – Get Rating) stock price hit a new 52-week low during trading on Monday after DA Davidson lowered its price target on the stock from $172.00 to $169.00. DA Davidson currently has a neutral rating on the title. WD-40 traded as low as $170.00 and last traded at $170.01, with a volume of 3262 shares traded in hands. The stock had previously closed at $174.30.

Separately, StockNews.com began covering WD-40 in a Thursday, March 31 report. They set a “holding” rating for the company.

Several large investors have recently changed their positions in WDFC. Quadrant Capital Group LLC increased its position in WD-40 shares by 386.1% in Q1. Quadrant Capital Group LLC now owns 175 shares of the specialty chemicals company worth $32,000 after acquiring 139 additional shares in the last quarter. Mine & Arao Wealth Creation & Management LLC. increased its holdings 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 worth $37,000 after buying an additional 50 shares during the period. Hardy Reed LLC bought a new stock position of WD-40 during the first quarter worth approximately $58,000. 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 valued at $61,000 after buying 61 additional shares in the last quarter. Finally, Cornerstone Advisory LLC purchased a new equity stake in WD-40 in Q4 worth approximately $77,000. 90.78% of the shares are held by hedge funds and other institutional investors.

The company has a debt ratio of 0.56, a quick ratio of 1.51 and a current ratio of 2.51. The company has a market capitalization of $2.28 billion, a P/E ratio of 37.68 and a beta of -0.17. The stock has a 50-day moving average of $187.42 and a two-hundred-day moving average of $201.41.

WD-40 (NASDAQ:WDFC – Get Rating) last released quarterly earnings data on Thursday, July 7. The specialty chemicals company reported earnings per share of $1.07 for the quarter, missing analyst consensus estimates of $1.27 per ($0.20). 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 a consensus estimate of $142.80 million. During the same period last year, the company achieved EPS of $1.52. The company’s quarterly revenue was down 9.3% year over year. Research analysts predict that WD-40 will show 5.08 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 29. Investors of record on Friday, July 15 will receive a dividend of $0.78 per share. This represents an annualized dividend of $3.12 and a yield of 1.87%. The ex-dividend date is Thursday, July 14. The dividend payout ratio (DPR) of WD-40 is 70.43%.


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 aerosols, non-aerosol trigger aerosols 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.

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