Shares of WD-40 Co. (NASDAQ:WDFC) gapped up before the market opened on Tuesday . The stock had previously closed at $116.93, but opened at $117.12. WD-40 shares last traded at $117.88, with a volume of 34,767 shares trading hands.

WDFC has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of WD-40 from a “hold” rating to a “sell” rating in a research report on Tuesday. B. Riley reaffirmed a “neutral” rating and set a $106.00 price target on shares of WD-40 in a report on Monday, July 11th. Finally, Jefferies Group began coverage on shares of WD-40 in a report on Thursday. They set a “hold” rating and a $120.00 price target on the stock.

The company has a market cap of $1.69 billion and a PE ratio of 34.35. The stock’s 50 day moving average price is $117.06 and its 200 day moving average price is $110.18.

WD-40 (NASDAQ:WDFC) last issued its earnings results 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. During the same period in the prior year, the company earned $0.75 earnings per share. The company had revenue of $96.40 million for the quarter. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, analysts forecast that WD-40 Co. will post $3.46 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, July 29th. Stockholders of record on Friday, July 15th were paid a dividend of $0.42 per share. 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, Director Geoffrey Holdsworth sold 1,427 shares of WD-40 stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $120.27, for a total value of $171,625.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mario L. Crivello sold 400 shares of WD-40 stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $119.57, for a total value of $47,828.00. The disclosure for this sale can be found here.

A hedge fund recently raised its stake in WD-40 stock. New York State Common Retirement Fund boosted its stake in shares of WD-40 Co. (NASDAQ:WDFC) by 54.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,500 shares of the company’s stock after buying an additional 7,200 shares during the period. New York State Common Retirement Fund owned about 0.14% of WD-40 worth $2,022,000 at the end of the most recent reporting period.

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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