Insider Buying: WD-40 (NASDAQ:WDFC) CEO Purchases 432 Shares of Stock

WD-40 (NASDAQ:WDFC) CEO Steven A. Brass acquired 432 shares of the business’s stock in a transaction that occurred on Tuesday, April 16th. The shares were purchased at an average price of $232.22 per share, with a total value of $100,319.04. Following the completion of the acquisition, the chief executive officer now owns 20,547 shares of the company’s stock, valued at approximately $4,771,424.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

WD-40 Trading Down 0.2 %

Shares of NASDAQ:WDFC opened at $231.50 on Thursday. The company has a market cap of $3.14 billion, a P/E ratio of 46.21 and a beta of -0.06. The stock’s 50-day moving average is $255.55 and its 200-day moving average is $241.51. WD-40 has a 52-week low of $181.38 and a 52-week high of $278.78. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.56 and a current ratio of 2.27.

WD-40 (NASDAQ:WDFC) last issued its quarterly earnings results on Tuesday, April 9th. The specialty chemicals company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.01. The company had revenue of $139.10 million for the quarter, compared to the consensus estimate of $140.51 million. WD-40 had a return on equity of 32.30% and a net margin of 12.19%. The firm’s revenue was up 6.8% compared to the same quarter last year. During the same period last year, the business posted $1.21 earnings per share. Equities research analysts predict that WD-40 will post 5.22 earnings per share for the current year.

WD-40 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 19th will be given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend is Thursday, April 18th. WD-40’s dividend payout ratio (DPR) is presently 70.26%.

Wall Street Analysts Forecast Growth

Separately, DA Davidson reiterated a “buy” rating and set a $313.00 price objective on shares of WD-40 in a report on Wednesday, April 10th.

Institutional Investors Weigh In On WD-40

Institutional investors have recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC acquired a new stake in WD-40 during the fourth quarter worth about $510,000. Profit Investment Management LLC acquired a new stake in WD-40 during the fourth quarter worth about $2,892,000. Aviva PLC bought a new position in WD-40 during the third quarter worth about $586,000. Envestnet Asset Management Inc. lifted its stake in WD-40 by 48.5% during the third quarter. Envestnet Asset Management Inc. now owns 55,725 shares of the specialty chemicals company’s stock worth $11,325,000 after purchasing an additional 18,205 shares during the period. Finally, Invesco Ltd. lifted its stake in WD-40 by 10.1% during the third quarter. Invesco Ltd. now owns 59,841 shares of the specialty chemicals company’s stock worth $12,162,000 after purchasing an additional 5,481 shares during the period. 91.52% of the stock is owned by institutional investors and hedge funds.

About WD-40

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 provides multi-purpose maintenance products that include aerosol sprays, non-aerosol trigger sprays, precision pens, and in liquid-bulk form products under the WD-40 Multi-Use brand name; specialty maintenance products, such as penetrants, degreasers, corrosion inhibitors, greases, lubricants, and rust removers under the WD-40 Specialist brand; and bike-specific products.