WD-40 Company (WDFC) Shares Gap Up to $117.12
WD-40 Company (NASDAQ:WDFC) shares gapped up before the market opened on Tuesday . The stock had previously closed at $116.93, but opened at $117.12. WD-40 Company shares last traded at $117.88, with a volume of 34,767 shares trading hands.
WDFC has been the topic of a number of recent research reports. B. Riley reissued a “neutral” rating and set a $106.00 price objective on shares of WD-40 Company in a report on Monday, July 11th. Zacks Investment Research cut WD-40 Company from a “hold” rating to a “sell” rating in a report on Tuesday, July 12th.
The firm has a market cap of $1.69 billion and a PE ratio of 34.34. The firm’s 50 day moving average is $117.07 and its 200-day moving average is $110.12.
WD-40 Company (NASDAQ:WDFC) last posted its earnings results on Thursday, July 7th. The company reported $0.88 EPS for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.02. The business earned $96.40 million during the quarter. The company’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period last year, the firm posted $0.75 earnings per share. Equities analysts forecast that WD-40 Company will post $3.46 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 29th. Shareholders of record on Friday, July 15th were issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date was Wednesday, July 13th.
In related news, VP Jay Rembolt sold 570 shares of WD-40 Company stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $117.00, for a total value of $66,690.00. Following the completion of the sale, the vice president now owns 34,966 shares of the company’s stock, valued at $4,091,022. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mario L. Crivello sold 1,000 shares of WD-40 Company stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $115.39, for a total value of $115,390.00. The disclosure for this sale can be found here.
Several hedge funds have recently modified their holdings of WDFC. First Trust Advisors LP raised its stake in shares of WD-40 Company by 70.5% in the fourth quarter. First Trust Advisors LP now owns 13,051 shares of the company’s stock valued at $1,287,000 after buying an additional 5,398 shares during the last quarter. New York State Common Retirement Fund raised its stake in shares of WD-40 Company by 54.1% in the fourth quarter. New York State Common Retirement Fund now owns 20,500 shares of the company’s stock valued at $2,022,000 after buying an additional 7,200 shares during the last quarter. Finally, Advisors Asset Management Inc. purchased a new stake in shares of WD-40 Company during the fourth quarter valued at approximately $1,005,000.
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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