WD-40 Co. (NASDAQ:WDFC) is scheduled to release its Q416 earnings data on Wednesday, October 19th. Analysts expect WD-40 to post earnings of $0.82 per share and revenue of $97.47 million for the quarter.
Shares of WD-40 Co. (NASDAQ:WDFC) opened at 110.04 on Tuesday. The company has a market cap of $1.57 billion, a price-to-earnings ratio of 31.90 and a beta of 0.71. WD-40 Co. has a 12-month low of $92.45 and a 12-month high of $125.00. The company’s 50-day moving average price is $114.84 and its 200 day moving average price is $112.59.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Friday, October 21st will be given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 1.53%. The ex-dividend date is Wednesday, October 19th. WD-40’s dividend payout ratio is currently 48.70%.
WDFC has been the subject of several analyst reports. B. Riley reaffirmed a “neutral” rating and set a $106.00 target price on shares of WD-40 in a research report on Wednesday, July 6th. Zacks Investment Research lowered WD-40 from a “hold” rating to a “sell” rating in a research report on Tuesday, July 12th. Finally, Jefferies Group initiated coverage on WD-40 in a research report on Thursday, August 25th. They set a “hold” rating and a $120.00 target price for the company.
In other news, VP Jay Rembolt sold 570 shares of the firm’s stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $117.00, for a total value of $66,690.00. Following the completion of the sale, the vice president now directly owns 34,966 shares in the company, valued at approximately $4,091,022. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Daniel E. Pittard bought 295 shares of WD-40 stock in a transaction dated Monday, September 12th. The stock was purchased at an average price of $115.00 per share, with a total value of $33,925.00. The disclosure for this purchase can be found here. Company insiders own 3.84% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. GAM Holding AG purchased a new stake in shares of WD-40 during the second quarter valued at approximately $164,000. Advisor Group Inc. purchased a new stake in shares of WD-40 during the second quarter valued at approximately $165,000. BlackRock Inc. increased its stake in shares of WD-40 by 63.8% in the second quarter. BlackRock Inc. now owns 1,600 shares of the company’s stock valued at $188,000 after buying an additional 623 shares in the last quarter. Raymond James & Associates increased its stake in shares of WD-40 by 30.6% in the second quarter. Raymond James & Associates now owns 2,936 shares of the company’s stock valued at $345,000 after buying an additional 688 shares in the last quarter. Finally, Greenwich Wealth Management LLC purchased a new stake in shares of WD-40 during the second quarter valued at approximately $370,000. Institutional investors own 75.93% of the company’s stock.
WD-40 Company Profile
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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