BidaskClub cut shares of WD-40 (NASDAQ:WDFC) from a buy rating to a hold rating in a research report released on Tuesday.

A number of other research firms also recently weighed in on WDFC. FBR & Co reaffirmed a neutral rating and set a $122.00 price target (up previously from $115.00) on shares of WD-40 in a research report on Friday, October 20th. B. Riley reaffirmed a neutral rating on shares of WD-40 in a research report on Wednesday, November 1st. Finally, Zacks Investment Research downgraded WD-40 from a hold rating to a sell rating in a research report on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. WD-40 has an average rating of Hold and an average target price of $117.25.

Shares of WD-40 (NASDAQ WDFC) traded up $1.55 on Tuesday, hitting $118.70. The company had a trading volume of 112,725 shares, compared to its average volume of 39,986. WD-40 has a 1-year low of $100.60 and a 1-year high of $122.65. The company has a debt-to-equity ratio of 0.96, a current ratio of 2.98 and a quick ratio of 2.51. The firm has a market cap of $1,635.92, a price-to-earnings ratio of 31.49, a PEG ratio of 3.05 and a beta of 0.67.

WD-40 (NASDAQ:WDFC) last released its quarterly earnings results on Thursday, October 19th. The specialty chemicals company reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.04. WD-40 had a return on equity of 39.82% and a net margin of 13.91%. The firm had revenue of $96.60 million during the quarter, compared to the consensus estimate of $106.01 million. During the same quarter in the prior year, the firm posted $0.99 EPS. The business’s revenue was down .6% on a year-over-year basis. research analysts anticipate that WD-40 will post 3.85 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, January 19th will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Thursday, January 18th. This represents a $2.16 dividend on an annualized basis and a yield of 1.82%. This is an increase from WD-40’s previous quarterly dividend of $0.49. WD-40’s dividend payout ratio is 52.69%.

In other WD-40 news, VP Jay Rembolt sold 676 shares of the company’s stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $112.60, for a total transaction of $76,117.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 3.90% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in shares of WD-40 in the 3rd quarter valued at approximately $118,000. Riverhead Capital Management LLC boosted its holdings in shares of WD-40 by 45.8% in the 2nd quarter. Riverhead Capital Management LLC now owns 1,166 shares of the specialty chemicals company’s stock valued at $129,000 after buying an additional 366 shares during the last quarter. Pinebridge Investments L.P. boosted its holdings in shares of WD-40 by 0.6% in the 2nd quarter. Pinebridge Investments L.P. now owns 1,853 shares of the specialty chemicals company’s stock valued at $204,000 after buying an additional 11 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in shares of WD-40 by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 1,883 shares of the specialty chemicals company’s stock valued at $208,000 after buying an additional 283 shares during the last quarter. Finally, Amalgamated Bank boosted its holdings in shares of WD-40 by 3.5% in the 2nd quarter. Amalgamated Bank now owns 1,928 shares of the specialty chemicals company’s stock valued at $213,000 after buying an additional 65 shares during the last quarter. 84.20% of the stock is owned by institutional investors.

TRADEMARK VIOLATION NOTICE: “WD-40 (WDFC) Cut to “Hold” at BidaskClub” was originally published by Watch List News and is the sole property of of Watch List News. If you are accessing this article on another publication, it was stolen and reposted in violation of US and international trademark & copyright laws. The correct version of this article can be viewed at https://www.watchlistnews.com/wd-40-wdfc-cut-to-hold-at-bidaskclub/1768041.html.

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.

Receive News & Ratings for WD-40 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WD-40 and related companies with MarketBeat.com's FREE daily email newsletter.