BidaskClub upgraded shares of WD-40 (NASDAQ:WDFC) from a hold rating to a buy rating in a research note released on Friday morning.
WDFC has been the subject of several other reports. B. Riley reiterated a neutral rating on shares of WD-40 in a report on Wednesday, November 1st. Zacks Investment Research upgraded WD-40 from a sell rating to a hold rating in a report on Wednesday, December 20th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $123.75.
WD-40 (WDFC) opened at $129.35 on Friday. The stock has a market cap of $1,790.00, a price-to-earnings ratio of 34.04, a PEG ratio of 3.27 and a beta of 0.59. The company has a debt-to-equity ratio of 1.05, a quick ratio of 3.29 and a current ratio of 3.90. WD-40 has a 1-year low of $100.60 and a 1-year high of $129.85.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Friday, January 19th were issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 1.67%. 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 is presently 56.84%.
In related news, insider Geoffrey Holdsworth sold 1,690 shares of the stock in a transaction on Monday, January 29th. The stock was sold at an average price of $126.85, for a total value of $214,376.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael L. Freeman sold 4,861 shares of the stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $119.58, for a total value of $581,278.38. The disclosure for this sale can be found here. Corporate insiders own 3.62% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new stake in WD-40 in the third quarter valued at $118,000. Allianz Asset Management GmbH acquired a new stake in WD-40 in the fourth quarter valued at $200,000. First Trust Advisors LP acquired a new stake in WD-40 in the fourth quarter valued at $242,000. LPL Financial LLC acquired a new stake in WD-40 in the fourth quarter valued at $242,000. Finally, Vident Investment Advisory LLC acquired a new stake in WD-40 during the 4th quarter worth about $264,000. Institutional investors and hedge funds own 83.80% of the company’s stock.
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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.
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