According to Zacks, “WD-40 Company sells a petroleum-based product, known as WD-40. WD-40 is a multi-purpose product which acts as a lubricant, rust preventative, penetrant, cleaner and moisture displacer. They also sell the 3-IN-ONE Oil. 3-IN-ONE Oil is a lower cost general purpose lubricant that is useful when precise applications of a lubricant are needed. “
Separately, B. Riley reaffirmed a neutral rating and set a $119.00 target price on shares of WD-40 Company in a research report on Sunday, January 15th.
Shares of WD-40 Company (NASDAQ:WDFC) opened at 109.45 on Wednesday. The company has a 50 day moving average price of $109.93 and a 200 day moving average price of $110.02. WD-40 Company has a one year low of $99.32 and a one year high of $125.00. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 30.14 and a beta of 0.62.
WD-40 Company (NASDAQ:WDFC) last announced its earnings results on Monday, January 9th. The company reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by $0.05. The company had revenue of $89.25 million for the quarter. WD-40 Company had a net margin of 13.86% and a return on equity of 36.97%. The company’s quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.83 earnings per share. Equities analysts predict that WD-40 Company will post $3.65 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, April 28th. Shareholders of record on Friday, April 14th will be given a dividend of $0.49 per share. The ex-dividend date is Tuesday, April 11th. This represents a $1.96 annualized dividend and a yield of 1.79%. WD-40 Company’s dividend payout ratio (DPR) is presently 53.99%.
A number of hedge funds have recently made changes to their positions in the stock. Integrated Wealth Counsel LLC bought a new stake in shares of WD-40 Company during the third quarter valued at about $112,000. Sei Investments Co. boosted its stake in shares of WD-40 Company by 59.0% in the third quarter. Sei Investments Co. now owns 1,135 shares of the company’s stock valued at $128,000 after buying an additional 421 shares during the period. Elkfork Partners LLC bought a new stake in shares of WD-40 Company during the fourth quarter valued at about $138,000. Victory Capital Management Inc. boosted its stake in shares of WD-40 Company by 14.9% in the third quarter. Victory Capital Management Inc. now owns 1,317 shares of the company’s stock valued at $148,000 after buying an additional 171 shares during the period. Finally, Advisor Group Inc. boosted its stake in shares of WD-40 Company by 12.4% in the third quarter. Advisor Group Inc. now owns 1,600 shares of the company’s stock valued at $180,000 after buying an additional 177 shares during the period. 77.81% of the stock is currently owned by institutional investors and hedge funds.
About WD-40 Company
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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