WD-40 (NASDAQ:WDFC) had its price objective lifted by DA Davidson from $212.00 to $233.00 in a research note issued to investors on Friday, The Fly reports. They currently have a buy rating on the specialty chemicals company’s stock.

WDFC has been the subject of a number of other research reports. BidaskClub cut shares of WD-40 from a buy rating to a hold rating in a research note on Wednesday, July 8th. Zacks Investment Research cut WD-40 from a hold rating to a sell rating in a research note on Friday, June 19th.

WD-40 stock opened at $196.39 on Friday. WD-40 has a fifty-two week low of $151.16 and a fifty-two week high of $211.68. The firm’s fifty day moving average price is $192.85 and its 200-day moving average price is $185.97. The stock has a market cap of $2.68 billion, a P/E ratio of 54.40 and a beta of -0.05. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.45 and a current ratio of 1.81.

WD-40 (NASDAQ:WDFC) last announced its quarterly earnings data on Thursday, July 9th. The specialty chemicals company reported $1.06 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.02). WD-40 had a net margin of 12.30% and a return on equity of 33.97%. The firm had revenue of $98.20 million for the quarter. During the same quarter in the previous year, the business earned $1.30 EPS. The company’s revenue was down 13.9% on a year-over-year basis. On average, analysts predict that WD-40 will post 4.21 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be issued a dividend of $0.67 per share. The ex-dividend date of this dividend is Thursday, July 16th. This represents a $2.68 dividend on an annualized basis and a yield of 1.36%. WD-40’s dividend payout ratio is currently 66.67%.

A number of institutional investors have recently made changes to their positions in WDFC. Trust Co. of Vermont raised its position in WD-40 by 75.0% during the 1st quarter. Trust Co. of Vermont now owns 175 shares of the specialty chemicals company’s stock valued at $35,000 after purchasing an additional 75 shares during the last quarter. TRUE Private Wealth Advisors purchased a new position in shares of WD-40 during the second quarter valued at approximately $35,000. Macquarie Group Ltd. bought a new position in shares of WD-40 during the fourth quarter valued at approximately $56,000. WASHINGTON TRUST Co purchased a new stake in WD-40 in the first quarter worth $60,000. Finally, Robeco Institutional Asset Management B.V. bought a new stake in WD-40 in the first quarter valued at $77,000. 88.41% of the stock is currently owned by institutional investors and hedge funds.

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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