WD-40 Co. (NASDAQ:WDFC) was down 1.8% during mid-day trading on Wednesday . The stock traded as low as $115.81 and last traded at $116.36, with a volume of 68,358 shares trading hands. The stock had previously closed at $118.52.

Several equities research analysts have recently issued reports on WDFC shares. Wunderlich raised their price objective on WD-40 from $90.00 to $100.00 and gave the company a “hold” rating in a research note on Friday, April 8th. Zacks Investment Research lowered WD-40 from a “buy” rating to a “hold” rating in a research note on Thursday, March 10th. Finally, B. Riley reaffirmed a “neutral” rating and issued a $106.00 price objective (up from $103.00) on shares of WD-40 in a research note on Wednesday, April 6th.

The stock has a 50 day moving average price of $113.08 and a 200 day moving average price of $105.85. The firm has a market capitalization of $1.65 billion and a PE ratio of 34.82.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 29th. Investors of record on Friday, July 15th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date is Wednesday, July 13th.

Other hedge funds and institutional investors have added to or reduced their stakes in the company. Advisors Asset Management Inc. acquired a new position in WD-40 during the fourth quarter worth approximately $1,005,000. Private Advisor Group LLC boosted its position in WD-40 by 0.9% in the fourth quarter. Private Advisor Group LLC now owns 11,824 shares of the company’s stock worth $1,166,000 after buying an additional 103 shares in the last quarter. First Trust Advisors LP boosted its position in WD-40 by 70.5% in the fourth quarter. First Trust Advisors LP now owns 13,051 shares of the company’s stock worth $1,287,000 after buying an additional 5,398 shares in the last quarter. Numeric Investors LLC boosted its position in WD-40 by 46.2% in the fourth quarter. Numeric Investors LLC now owns 16,770 shares of the company’s stock worth $1,654,000 after buying an additional 5,300 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its position in WD-40 by 54.1% in the fourth quarter. New York State Common Retirement Fund now owns 20,500 shares of the company’s stock worth $2,022,000 after buying an additional 7,200 shares in the last quarter.

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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