BidaskClub upgraded shares of WD-40 (NASDAQ:WDFC) from a sell rating to a hold rating in a research note published on Friday, BidAskClub reports.

WDFC has been the topic of a number of other reports. Zacks Investment Research cut WD-40 from a buy rating to a hold rating in a research report on Saturday, July 27th. DA Davidson set a $209.00 price objective on WD-40 and gave the company a buy rating in a research report on Monday, July 15th.

WDFC opened at $185.49 on Friday. The stock has a market cap of $2.51 billion, a PE ratio of 44.91, a P/E/G ratio of 3.94 and a beta of 0.25. The company has a current ratio of 1.90, a quick ratio of 1.39 and a debt-to-equity ratio of 0.40. WD-40 has a 1 year low of $149.38 and a 1 year high of $188.28. The stock’s 50 day simple moving average is $176.94 and its 200-day simple moving average is $170.76.

WD-40 (NASDAQ:WDFC) last released its quarterly earnings data on Tuesday, July 9th. The specialty chemicals company reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.08. The business had revenue of $114.00 million for the quarter, compared to analysts’ expectations of $109.40 million. WD-40 had a return on equity of 40.12% and a net margin of 16.45%. WD-40’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.15 earnings per share. Equities analysts forecast that WD-40 will post 4.65 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Friday, July 19th were given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date was Thursday, July 18th. WD-40’s dividend payout ratio is presently 59.08%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. California Public Employees Retirement System boosted its stake in WD-40 by 3.0% in the 1st quarter. California Public Employees Retirement System now owns 39,690 shares of the specialty chemicals company’s stock valued at $6,725,000 after buying an additional 1,141 shares in the last quarter. BlackRock Inc. boosted its stake in WD-40 by 2.4% in the 1st quarter. BlackRock Inc. now owns 2,045,376 shares of the specialty chemicals company’s stock valued at $346,569,000 after buying an additional 47,977 shares in the last quarter. Boston Advisors LLC boosted its stake in WD-40 by 20.1% in the 1st quarter. Boston Advisors LLC now owns 25,391 shares of the specialty chemicals company’s stock valued at $4,302,000 after buying an additional 4,254 shares in the last quarter. Geode Capital Management LLC boosted its stake in WD-40 by 8.7% in the 4th quarter. Geode Capital Management LLC now owns 168,321 shares of the specialty chemicals company’s stock valued at $30,846,000 after buying an additional 13,452 shares in the last quarter. Finally, Bridges Investment Management Inc. boosted its stake in WD-40 by 23.2% in the 1st quarter. Bridges Investment Management Inc. now owns 6,530 shares of the specialty chemicals company’s stock valued at $1,106,000 after buying an additional 1,230 shares in the last quarter. Institutional investors and hedge funds own 84.43% of the company’s stock.

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 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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