BidaskClub upgraded shares of WD-40 (NASDAQ:WDFC) from a hold rating to a buy rating in a report released on Friday.
Other research analysts also recently issued reports about the company. B. Riley reissued a neutral rating on shares of WD-40 in a research note on Wednesday, November 1st. Zacks Investment Research raised WD-40 from a sell rating to a hold rating in a research note on Wednesday, December 20th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. WD-40 currently has a consensus rating of Hold and a consensus price target of $123.75.
Shares of WD-40 (WDFC) traded up $1.50 during mid-day trading on Friday, hitting $128.50. The company had a trading volume of 32,111 shares, compared to its average volume of 53,745. The company has a debt-to-equity ratio of 1.05, a current ratio of 3.90 and a quick ratio of 3.29. WD-40 has a 1-year low of $100.60 and a 1-year high of $129.85. The company has a market cap of $1,774.72, a P/E ratio of 33.42, a price-to-earnings-growth ratio of 3.23 and a beta of 0.59.
WD-40 (NASDAQ:WDFC) last issued its quarterly earnings data on Tuesday, January 9th. The specialty chemicals company reported $0.90 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.83 by $0.07. WD-40 had a return on equity of 39.23% and a net margin of 13.84%. The business had revenue of $97.60 million for the quarter, compared to the consensus estimate of $93.00 million. During the same period last year, the business earned $0.82 EPS. The firm’s revenue was up 9.4% compared to the same quarter last year. sell-side analysts predict that WD-40 will post 3.94 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Friday, January 19th were paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.68%. This is an increase from WD-40’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend was Thursday, January 18th. WD-40’s dividend payout ratio (DPR) is presently 56.84%.
In other WD-40 news, insider Michael L. Freeman sold 4,861 shares of WD-40 stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $119.58, for a total value of $581,278.38. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Geoffrey Holdsworth sold 1,690 shares of WD-40 stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $126.85, for a total value of $214,376.50. The disclosure for this sale can be found here. 3.90% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Conestoga Capital Advisors LLC boosted its stake in WD-40 by 62.7% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 312,775 shares of the specialty chemicals company’s stock valued at $35,000,000 after buying an additional 120,575 shares in the last quarter. VGI PARTNERS PTY Ltd increased its position in shares of WD-40 by 28.5% during the fourth quarter. VGI PARTNERS PTY Ltd now owns 357,956 shares of the specialty chemicals company’s stock valued at $42,239,000 after acquiring an additional 79,459 shares in the last quarter. Neuberger Berman Group LLC increased its position in shares of WD-40 by 13.4% during the third quarter. Neuberger Berman Group LLC now owns 670,480 shares of the specialty chemicals company’s stock valued at $75,027,000 after acquiring an additional 79,356 shares in the last quarter. BlackRock Inc. increased its position in shares of WD-40 by 2.1% during the fourth quarter. BlackRock Inc. now owns 1,743,617 shares of the specialty chemicals company’s stock valued at $205,746,000 after acquiring an additional 35,479 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of WD-40 by 4.4% during the fourth quarter. Renaissance Technologies LLC now owns 614,585 shares of the specialty chemicals company’s stock valued at $72,521,000 after acquiring an additional 25,800 shares in the last quarter. 83.80% of the stock is currently owned by institutional investors.
ILLEGAL ACTIVITY WARNING: This article was first published by Transcript Daily and is the sole property of of Transcript Daily. If you are viewing this article on another domain, it was stolen and reposted in violation of United States & international copyright and trademark law. The original version of this article can be read at https://transcriptdaily.com/2018/02/24/wd-40-wdfc-upgraded-by-bidaskclub-to-buy.html.
WD-40 Company Profile
WD-40 Company is a global company engaged in developing and selling products, which solve problems in workshops, factories and homes. The Company’s segments include the Americas; Europe, Middle East and Africa (EMEA), and Asia-Pacific. The Company’s Americas segment includes the United States, Canada and Latin America.
Receive News & Ratings for WD-40 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WD-40 and related companies with MarketBeat.com's FREE daily email newsletter.