WD-40 (NASDAQ:WDFC) CFO Buys $57,044.48 in Stock

WD-40 (NASDAQ:WDFC) CFO Sara Kathleen Hyzer acquired 256 shares of WD-40 stock in a transaction dated Friday, April 11th. The shares were acquired at an average price of $222.83 per share, with a total value of $57,044.48. Following the completion of the acquisition, the chief financial officer now directly owns 4,072 shares of the company’s stock, valued at approximately $907,363.76. The trade was a 6.71 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

WD-40 Stock Down 0.9 %

NASDAQ WDFC traded down $2.09 on Tuesday, reaching $221.15. The company had a trading volume of 110,113 shares, compared to its average volume of 101,451. The company has a quick ratio of 1.75, a current ratio of 2.44 and a debt-to-equity ratio of 0.37. The company’s fifty day moving average is $235.68 and its 200 day moving average is $249.75. WD-40 has a 52-week low of $208.00 and a 52-week high of $292.36. The stock has a market capitalization of $3.00 billion, a P/E ratio of 42.37 and a beta of 0.03.

WD-40 (NASDAQ:WDFC) last released its quarterly earnings results on Tuesday, April 8th. The specialty chemicals company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.27 by $0.05. WD-40 had a net margin of 11.78% and a return on equity of 31.68%. The company had revenue of $146.10 million for the quarter, compared to analyst estimates of $154.40 million. During the same period last year, the firm earned $1.14 earnings per share. The firm’s revenue was up 5.0% on a year-over-year basis. Sell-side analysts anticipate that WD-40 will post 5.42 earnings per share for the current fiscal year.

WD-40 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 18th will be paid a $0.94 dividend. The ex-dividend date of this dividend is Thursday, April 17th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.70%. WD-40’s payout ratio is presently 59.97%.

Analyst Ratings Changes

Separately, DA Davidson upgraded WD-40 to a “strong-buy” rating in a research note on Monday.

Hedge Funds Weigh In On WD-40

Institutional investors have recently modified their holdings of the business. Norges Bank purchased a new position in WD-40 in the fourth quarter worth $54,571,000. GAMMA Investing LLC boosted its holdings in shares of WD-40 by 28,448.0% in the 1st quarter. GAMMA Investing LLC now owns 114,192 shares of the specialty chemicals company’s stock worth $27,863,000 after buying an additional 113,792 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of WD-40 by 206.9% in the 4th quarter. Millennium Management LLC now owns 158,156 shares of the specialty chemicals company’s stock worth $38,381,000 after buying an additional 106,617 shares during the last quarter. Raymond James Financial Inc. bought a new position in WD-40 during the fourth quarter valued at about $17,903,000. Finally, Balyasny Asset Management L.P. purchased a new stake in WD-40 during the fourth quarter worth about $10,179,000. 91.52% of the stock is owned by institutional investors.

WD-40 Company Profile

WD-40 Company develops and sells maintenance products, and homecare and cleaning products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company provides multi-purpose maintenance products that include aerosol sprays, non-aerosol trigger sprays, precision pens, and in liquid-bulk form products under the WD-40 Multi-Use brand name; specialty maintenance products, such as penetrants, degreasers, corrosion inhibitors, greases, lubricants, and rust removers under the WD-40 Specialist brand; and bike-specific products.