WD-40 Company (NASDAQ:WDFC) VP Jay Rembolt sold 582 shares of the company’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $110.00, for a total transaction of $64,020.00. Following the completion of the transaction, the vice president now directly owns 37,632 shares in the company, valued at approximately $4,139,520. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Jay Rembolt also recently made the following trade(s):

  • On Monday, June 19th, Jay Rembolt sold 615 shares of WD-40 stock. The stock was sold at an average price of $112.00, for a total transaction of $68,880.00.

Shares of WD-40 Company (NASDAQ WDFC) traded up 1.28% on Friday, hitting $111.05. The stock had a trading volume of 105,253 shares. The company’s 50-day moving average price is $106.76 and its 200 day moving average price is $107.39. The firm has a market cap of $1.56 billion, a P/E ratio of 30.01 and a beta of 0.73. WD-40 Company has a 12-month low of $100.60 and a 12-month high of $119.90.

WD-40 (NASDAQ:WDFC) last announced its earnings results on Monday, July 10th. The specialty chemicals company reported $1.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.11. The company had revenue of $98.20 million for the quarter, compared to analyst estimates of $99.09 million. WD-40 had a return on equity of 39.64% and a net margin of 13.85%. WD-40’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.88 earnings per share. On average, equities research analysts forecast that WD-40 Company will post $3.68 earnings per share for the current fiscal year.

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A number of analysts have issued reports on WDFC shares. Zacks Investment Research lowered shares of WD-40 from a “buy” rating to a “hold” rating in a research note on Wednesday, June 7th. BidaskClub upgraded shares of WD-40 from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Finally, FBR & Co reiterated a “marketperform” rating on shares of WD-40 in a research note on Tuesday, July 11th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. WD-40 currently has a consensus rating of “Hold” and a consensus price target of $111.75.

Large investors have recently bought and sold shares of the stock. BlackRock Inc. increased its position in WD-40 by 129,764.4% in the 1st quarter. BlackRock Inc. now owns 1,698,626 shares of the specialty chemicals company’s stock worth $185,067,000 after purchasing an additional 1,697,318 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of WD-40 by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 1,238,670 shares of the specialty chemicals company’s stock worth $136,687,000 after acquiring an additional 12,813 shares in the last quarter. Neuberger Berman Group LLC boosted its stake in shares of WD-40 by 27.6% during the 2nd quarter. Neuberger Berman Group LLC now owns 591,124 shares of the specialty chemicals company’s stock worth $65,231,000 after acquiring an additional 127,744 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of WD-40 by 12.5% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 526,508 shares of the specialty chemicals company’s stock worth $58,101,000 after acquiring an additional 58,623 shares in the last quarter. Finally, State Street Corp boosted its stake in shares of WD-40 by 2.9% during the 2nd quarter. State Street Corp now owns 373,496 shares of the specialty chemicals company’s stock worth $41,210,000 after acquiring an additional 10,595 shares in the last quarter. 80.60% of the stock is currently owned by hedge funds and other institutional investors.

About WD-40

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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