WD-40 (NASDAQ:WDFC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

According to Zacks, “WD-40 Company is a tribe of passionate, committed professionals, all dedicated to the same goal: to create positive lasting memories in every interaction they have. They’re a global marketing organization dedicated to creating positive lasting memories by developing and selling products that solve problems in workshops, factories and homes around the world. They offer multi-purpose maintenance products, including aerosol sprays, non-aerosol trigger sprays, and in liquid form under the WD-40 Multi-Use brand for various consumer uses; and specialty maintenance products that comprise penetrants, degreasers, corrosion inhibitors, lubricants, and rust removers under the WD-40 Specialist brand name. The company also provides products under the WD-40 Bike product brand consisting of wet and dry chain lubricants, heavy-duty degreasers, and foaming wash products for avid and recreational cyclists, bike enthusiasts, and mechanics; multi-purpose and specialty drip oils, and spray lubricant products. “

Separately, BidaskClub cut shares of WD-40 from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 30th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $149.67.

Shares of WDFC stock opened at $168.79 on Friday. The company has a current ratio of 1.96, a quick ratio of 1.53 and a debt-to-equity ratio of 0.40. WD-40 has a 1 year low of $111.50 and a 1 year high of $184.25. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of 40.87, a price-to-earnings-growth ratio of 3.75 and a beta of 0.52.

WD-40 (NASDAQ:WDFC) last issued its earnings results on Thursday, October 18th. The specialty chemicals company reported $1.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.55. WD-40 had a net margin of 15.96% and a return on equity of 38.51%. The business had revenue of $102.60 million for the quarter. During the same period in the previous year, the firm earned $1.01 EPS. The company’s revenue was up 6.2% compared to the same quarter last year. As a group, sell-side analysts expect that WD-40 will post 4.5 EPS for the current fiscal year.

In other news, insider Michael L. Freeman sold 5,386 shares of the company’s stock in a transaction on Wednesday, November 14th. The shares were sold at an average price of $169.23, for a total value of $911,472.78. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Stanley Sewitch, Jr. sold 2,167 shares of the company’s stock in a transaction on Thursday, October 25th. The stock was sold at an average price of $163.80, for a total transaction of $354,954.60. The disclosure for this sale can be found here. Insiders have sold a total of 9,720 shares of company stock worth $1,626,474 in the last three months. Insiders own 2.09% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Cozad Asset Management Inc. bought a new position in shares of WD-40 in the second quarter worth $409,000. Citadel Advisors LLC increased its holdings in shares of WD-40 by 32.9% in the second quarter. Citadel Advisors LLC now owns 37,188 shares of the specialty chemicals company’s stock worth $5,438,000 after purchasing an additional 9,198 shares during the period. Nwam LLC bought a new position in shares of WD-40 in the third quarter worth $224,000. Virginia Retirement Systems ET AL bought a new position in shares of WD-40 in the second quarter worth $804,000. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of WD-40 by 5.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 96,333 shares of the specialty chemicals company’s stock worth $14,089,000 after purchasing an additional 5,129 shares during the period. 89.78% of the stock is currently owned by hedge funds and other institutional investors.

WD-40 Company Profile

WD-40 Company develops and sells maintenance products, and homecare and cleaning products in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company offers multi-purpose maintenance products, including aerosol sprays, non-aerosol trigger sprays, and in liquid-bulk form products under the WD-40 Multi-Use brand name for various consumer uses and industrial applications; specialty maintenance products, such as penetrants, degreasers, corrosion inhibitors, greases, lubricants, and rust removers under the WD-40 Specialist brand; and bicycle maintenance products comprising wet and dry chain lubricants, chain cleaners and degreasers, and foaming wash products for avid and recreational cyclists, bike enthusiasts, and mechanics under the WD-40 Bike brand name.

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