WD-40 Co. (NASDAQ:WDFC) announced a quarterly dividend on Tuesday, October 11th. Shareholders of record on Friday, October 21st will be paid a dividend of 0.42 per share on Monday, October 31st. This represents a $1.68 annualized dividend and a yield of 1.49%.
Shares of WD-40 (NASDAQ:WDFC) opened at 112.51 on Wednesday. The firm has a market cap of $1.60 billion, a P/E ratio of 32.61 and a beta of 0.71. WD-40 has a one year low of $90.31 and a one year high of $125.00. The firm has a 50-day moving average price of $115.75 and a 200 day moving average price of $112.52.
In other WD-40 news, Director Mario L. Crivello sold 400 shares of the company’s stock in a transaction dated Friday, July 22nd. The stock was sold at an average price of $119.57, for a total transaction of $47,828.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Geoffrey Holdsworth sold 1,427 shares of the company’s stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $120.27, for a total value of $171,625.29. The disclosure for this sale can be found here. Corporate insiders own 3.84% of the company’s stock.
Large investors have recently modified their holdings of the company. Advisor Group Inc. bought a new stake in shares of WD-40 during the second quarter valued at $165,000. Raymond James & Associates increased its position in WD-40 by 30.6% in the second quarter. Raymond James & Associates now owns 2,936 shares of the company’s stock worth $345,000 after buying an additional 688 shares during the last quarter. Axiom International Investors LLC DE increased its position in WD-40 by 14.3% in the second quarter. Axiom International Investors LLC DE now owns 49,158 shares of the company’s stock worth $5,774,000 after buying an additional 6,155 shares during the last quarter. WBI Investments Inc. acquired a new position in WD-40 during the second quarter worth approximately $2,055,000. Finally, Teachers Advisors Inc. increased its position in WD-40 by 3.7% in the second quarter. Teachers Advisors Inc. now owns 22,637 shares of the company’s stock worth $2,659,000 after buying an additional 815 shares during the last quarter. Institutional investors own 75.97% of the company’s stock.
Several research firms recently issued reports on WDFC. Zacks Investment Research lowered WD-40 from a “hold” rating to a “sell” rating in a research note on Tuesday, August 23rd. B. Riley reissued a “neutral” rating and set a $106.00 target price on shares of WD-40 in a research note on Monday, July 11th. Finally, Jefferies Group began coverage on WD-40 in a research note on Thursday, August 25th. They set a “hold” rating and a $120.00 target price on the stock.
WD-40 Company, is a global consumer Products Company. As of August 31, 2012, the Company’s products included WD-40 Smart Straw, WD-40 Trigger Pro, 3-IN-ONE Professional Garage Door Lube, Spot Shot Pet Clean which is a non-aerosol Spot Shot trigger product, and a mildew stain remover under the X-14 brand.
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