WD-40 Co. (WDFC) Hits New 1-Year High at $121.03
WD-40 Co. (NASDAQ:WDFC) shares reached a new 52-week high on Monday . The company traded as high as $121.03 and last traded at $120.69, with a volume of 81,277 shares changing hands. The stock had previously closed at $118.65.
A number of research firms recently weighed in on WDFC. B. Riley reissued a “neutral” rating and issued a $106.00 target price on shares of WD-40 in a report on Tuesday, May 24th. Wunderlich lifted their price objective on shares of WD-40 from $90.00 to $100.00 and gave the stock a “hold” rating in a research note on Friday, April 8th. Finally, Zacks Investment Research raised shares of WD-40 from a “hold” rating to a “buy” rating and set a $113.00 price objective for the company in a research note on Tuesday, April 12th.
The company has a 50-day moving average of $113.72 and a 200-day moving average of $106.06. The stock has a market capitalization of $1.73 billion and a P/E ratio of 35.28.
WD-40 (NASDAQ:WDFC) last announced its earnings results on Thursday, July 7th. The company reported $0.88 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.02. The business had revenue of $96.40 million for the quarter. WD-40’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period last year, the firm posted $0.75 earnings per share. On average, equities research analysts anticipate that WD-40 Co. will post $3.46 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 29th. Stockholders of record on Friday, July 15th will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend is Wednesday, July 13th.
Several hedge funds and institutional investors have made changes to their positions in the company. Advisors Asset Management Inc. acquired a new position in shares of WD-40 during the fourth quarter valued at $1,005,000. Private Advisor Group LLC increased its position in shares of WD-40 by 0.9% in the fourth quarter. Private Advisor Group LLC now owns 11,824 shares of the company’s stock valued at $1,166,000 after buying an additional 103 shares during the last quarter. First Trust Advisors LP increased its position in shares of WD-40 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. Numeric Investors LLC increased its position in shares of WD-40 by 46.2% in the fourth quarter. Numeric Investors LLC now owns 16,770 shares of the company’s stock valued at $1,654,000 after buying an additional 5,300 shares during the last quarter. Finally, New York State Common Retirement Fund increased its position in shares of 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 valued at $2,022,000 after buying an additional 7,200 shares during 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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