WD-40 Company (WDFC) Stock Rating Upgraded by BidaskClub

WD-40 Company (NASDAQ:WDFC) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Tuesday.

A number of other brokerages also recently weighed in on WDFC. B. Riley reaffirmed a “neutral” rating and set a $116.00 price target on shares of WD-40 Company in a report on Saturday, April 8th. Jefferies Group LLC reissued a “hold” rating and issued a $110.00 price objective on shares of WD-40 Company in a research note on Friday, March 31st. Finally, Zacks Investment Research downgraded shares of WD-40 Company from a “buy” rating to a “hold” rating in a research note on Wednesday, June 7th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. WD-40 Company presently has an average rating of “Hold” and an average price target of $111.00.

Shares of WD-40 Company (NASDAQ:WDFC) traded down 0.22% during midday trading on Tuesday, hitting $112.50. The stock had a trading volume of 31,233 shares. The company’s 50 day moving average price is $106.10 and its 200-day moving average price is $108.16. WD-40 Company has a 1-year low of $100.60 and a 1-year high of $125.00. The firm has a market capitalization of $1.58 billion, a PE ratio of 31.59 and a beta of 0.76.

WD-40 Company (NASDAQ:WDFC) last announced its quarterly earnings results on Thursday, April 6th. The specialty chemicals company reported $0.87 EPS for the quarter, missing the Zacks’ consensus estimate of $0.90 by $0.03. WD-40 Company had a net margin of 13.45% and a return on equity of 37.17%. The company had revenue of $96.50 million during the quarter, compared to analyst estimates of $99.79 million. During the same quarter last year, the company posted $0.94 EPS. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. Equities analysts predict that WD-40 Company will post $3.66 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Investors of record on Friday, July 21st will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 1.74%. WD-40 Company’s payout ratio is 55.06%.

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In other WD-40 Company news, VP Jay Rembolt sold 621 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $108.00, for a total value of $67,068.00. Following the completion of the transaction, the vice president now directly owns 36,428 shares in the company, valued at approximately $3,934,224. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Mario L. Crivello sold 4,726 shares of the company’s stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $104.25, for a total transaction of $492,685.50. The disclosure for this sale can be found here. In the last three months, insiders sold 5,965 shares of company stock valued at $627,734. 3.90% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in WDFC. State of Alaska Department of Revenue boosted its position in shares of WD-40 Company by 1.3% in the first quarter. State of Alaska Department of Revenue now owns 1,560 shares of the specialty chemicals company’s stock valued at $169,000 after buying an additional 20 shares during the period. Glen Harbor Capital Management LLC boosted its position in shares of WD-40 Company by 2.4% in the first quarter. Glen Harbor Capital Management LLC now owns 946 shares of the specialty chemicals company’s stock valued at $103,000 after buying an additional 22 shares during the period. Elkfork Partners LLC boosted its position in shares of WD-40 Company by 2.4% in the first quarter. Elkfork Partners LLC now owns 1,204 shares of the specialty chemicals company’s stock valued at $131,000 after buying an additional 28 shares during the period. Meadow Creek Investment Management LLC boosted its position in shares of WD-40 Company by 2.4% in the first quarter. Meadow Creek Investment Management LLC now owns 1,462 shares of the specialty chemicals company’s stock valued at $159,000 after buying an additional 34 shares during the period. Finally, United Capital Financial Advisers LLC boosted its position in shares of WD-40 Company by 1.4% in the fourth quarter. United Capital Financial Advisers LLC now owns 2,629 shares of the specialty chemicals company’s stock valued at $307,000 after buying an additional 37 shares during the period. Hedge funds and other institutional investors own 82.38% of the company’s stock.

WD-40 Company 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.

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