Insider Selling: WD-40 (NASDAQ:WDFC) Director Sells 800 Shares of Stock

WD-40 (NASDAQ:WDFC) Director William B. Noble sold 800 shares of WD-40 stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $256.98, for a total value of $205,584.00. Following the sale, the director now directly owns 8,999 shares of the company’s stock, valued at approximately $2,312,563.02. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

WD-40 Trading Down 0.5 %

NASDAQ WDFC opened at $266.59 on Friday. WD-40 has a 1-year low of $207.95 and a 1-year high of $278.78. 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 50-day moving average of $258.05 and a 200-day moving average of $242.78. The firm has a market cap of $3.61 billion, a PE ratio of 52.17 and a beta of -0.08.

WD-40 (NASDAQ:WDFC) last released 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). WD-40 had a net margin of 11.79% and a return on equity of 31.53%. The company had revenue of $156.00 million during the quarter, compared to the consensus estimate of $149.20 million. During the same period last year, the firm posted $1.21 EPS. The company’s revenue was up 11.0% on a year-over-year basis. As a group, sell-side analysts forecast that WD-40 will post 5.36 EPS for the current year.

WD-40 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 18th will be issued a dividend of $0.88 per share. The ex-dividend date is Friday, October 18th. This represents a $3.52 dividend on an annualized basis and a yield of 1.32%. WD-40’s dividend payout ratio is presently 68.88%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. V Square Quantitative Management LLC purchased a new position in WD-40 during the 3rd quarter valued at about $29,000. DekaBank Deutsche Girozentrale purchased a new position in WD-40 during the 1st quarter valued at about $34,000. Advisors Asset Management Inc. purchased a new position in WD-40 during the 1st quarter valued at about $43,000. Covestor Ltd increased its holdings in WD-40 by 57.7% during the 1st quarter. Covestor Ltd now owns 216 shares of the specialty chemicals company’s stock valued at $55,000 after purchasing an additional 79 shares during the period. 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.

Analyst Ratings Changes

Several equities research analysts have issued reports on WDFC shares. Jefferies Financial Group lifted their price target on WD-40 from $250.00 to $280.00 and gave the stock a “hold” rating in a research note on Friday, October 18th. DA Davidson boosted their target price on WD-40 from $303.00 to $322.00 and gave the company a “buy” rating in a research note on Friday, October 18th.

About WD-40

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.