Shares of WD-40 Co. (NASDAQ:WDFC) have received a consensus broker rating score of 3.00 (Hold) from the three analysts that provide coverage for the stock, Zacks Investment Research reports. Three research analysts have rated the stock with a hold recommendation.
Analysts have set a 12-month consensus price target of $108.67 for the company and are anticipating that the company will post $0.82 EPS for the current quarter, according to Zacks. Zacks has also assigned WD-40 an industry rank of 51 out of 265 based on the ratings given to related companies.
A number of analysts have recently issued reports on WDFC shares. Zacks Investment Research cut WD-40 from a “hold” rating to a “sell” rating in a research report on Tuesday, August 23rd. B. Riley reaffirmed a “neutral” rating and issued a $106.00 price objective on shares of WD-40 in a research report on Monday, July 11th. Finally, Jefferies Group started coverage on WD-40 in a research report on Thursday, August 25th. They issued a “hold” rating and a $120.00 price objective for the company.
In other news, Director Mario L. Crivello sold 9,000 shares of the stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of $120.06, for a total transaction of $1,080,540.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Daniel E. Pittard bought 295 shares of the stock in a transaction dated Monday, September 12th. The shares were purchased at an average price of $115.00 per share, for a total transaction of $33,925.00. The disclosure for this purchase can be found here. Insiders own 3.84% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Mason Street Advisors LLC purchased a new position in shares of WD-40 during the second quarter worth $306,000. Schwab Charles Investment Management Inc. raised its position in WD-40 by 4.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 64,200 shares of the company’s stock worth $7,541,000 after buying an additional 2,958 shares during the period. AHL Partners LLP bought a new position in WD-40 during the second quarter worth approximately $669,000. AQR Capital Management LLC raised its position in WD-40 by 74.2% in the second quarter. AQR Capital Management LLC now owns 14,162 shares of the company’s stock worth $1,664,000 after buying an additional 6,032 shares during the period. Finally, Barclays PLC raised its position in WD-40 by 20,162.9% in the second quarter. Barclays PLC now owns 12,563 shares of the company’s stock worth $1,475,000 after buying an additional 12,501 shares during the period. Institutional investors own 75.97% of the company’s stock.
Shares of WD-40 (NASDAQ:WDFC) traded down 0.65% on Tuesday, reaching $115.30. The company’s stock had a trading volume of 69,693 shares. The company’s 50 day moving average is $116.91 and its 200-day moving average is $112.04. WD-40 has a 1-year low of $87.83 and a 1-year high of $125.00. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 33.42 and a beta of 0.69.
WD-40 (NASDAQ:WDFC) last released its quarterly earnings data on Thursday, July 7th. The company reported $0.88 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.02. WD-40 had a return on equity of 32.92% and a net margin of 13.35%. The company earned $96.40 million during the quarter. During the same period in the previous year, the business earned $0.75 earnings per share. The business’s quarterly revenue was up 4.3% on a year-over-year basis. Equities research analysts expect that WD-40 will post $3.47 EPS for the current year.
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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