ValuEngine upgraded shares of WD-40 (NASDAQ:WDFC) from a buy rating to a strong-buy rating in a report published on Monday, February 4th.
A number of other brokerages have also weighed in on WDFC. Zacks Investment Research lowered shares of WD-40 from a hold rating to a sell rating in a report on Friday, December 14th. DA Davidson assumed coverage on shares of WD-40 in a research note on Friday, December 7th. They issued a buy rating on the stock. Finally, BidaskClub downgraded shares of WD-40 from a strong-buy rating to a buy rating in a research note on Tuesday, January 15th. One research analyst has rated the stock with a sell rating, three have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $149.67.
Shares of WDFC traded down $0.77 during mid-day trading on Monday, reaching $178.20. The company had a trading volume of 78,287 shares, compared to its average volume of 96,173. The firm has a market cap of $2.49 billion, a PE ratio of 43.15, a price-to-earnings-growth ratio of 3.96 and a beta of 0.28. WD-40 has a fifty-two week low of $122.70 and a fifty-two week high of $187.50. The company has a quick ratio of 1.60, a current ratio of 2.19 and a debt-to-equity ratio of 0.41.
WD-40 (NASDAQ:WDFC) last announced its quarterly earnings results on Wednesday, January 9th. The specialty chemicals company reported $0.95 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.95. The company had revenue of $101.30 million for the quarter, compared to analyst estimates of $99.10 million. WD-40 had a net margin of 15.98% and a return on equity of 38.51%. WD-40’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter last year, the business earned $0.90 EPS. As a group, equities research analysts anticipate that WD-40 will post 4.56 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, January 31st. Stockholders of record on Tuesday, December 18th were paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend was Thursday, January 17th. This is an increase from WD-40’s previous quarterly dividend of $0.54. WD-40’s dividend payout ratio (DPR) is currently 59.08%.
Several hedge funds have recently modified their holdings of the company. Coldstream Capital Management Inc. increased its stake in WD-40 by 6.9% during the 4th quarter. Coldstream Capital Management Inc. now owns 1,511 shares of the specialty chemicals company’s stock worth $277,000 after buying an additional 98 shares during the period. Amalgamated Bank purchased a new stake in WD-40 during the 4th quarter worth $401,000. Millennium Management LLC purchased a new stake in WD-40 during the 4th quarter worth $1,629,000. Nalls Sherbakoff Group LLC purchased a new stake in WD-40 during the 4th quarter worth $30,000. Finally, Cetera Advisor Networks LLC purchased a new stake in WD-40 during the 4th quarter worth $200,000. 90.08% of the stock is currently owned by institutional investors and hedge funds.
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 offers multi-purpose maintenance products, including aerosol sprays, non-aerosol trigger sprays, and in liquid-bulk form products under the WD-40 Multi-Use brand name for various consumer uses and industrial applications; specialty maintenance products, such as penetrants, degreasers, corrosion inhibitors, greases, lubricants, and rust removers under the WD-40 Specialist brand; and bicycle maintenance products comprising wet and dry chain lubricants, chain cleaners and degreasers, and foaming wash products for avid and recreational cyclists, bike enthusiasts, and mechanics under the WD-40 Bike brand name.
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