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

A number of other equities research analysts have also issued reports on WDFC. B. Riley lifted their target price on shares of WD-40 from $135.00 to $152.00 and gave the company a neutral rating in a research note on Wednesday, July 11th. Zacks Investment Research raised shares of WD-40 from a hold rating to a buy rating and set a $177.00 target price for the company in a research note on Sunday, July 15th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. WD-40 has a consensus rating of Hold and an average target price of $142.75.

Shares of NASDAQ:WDFC traded up $6.20 during trading on Friday, reaching $162.70. 145,569 shares of the company traded hands, compared to its average volume of 73,756. The firm has a market capitalization of $2.17 billion, a P/E ratio of 39.39 and a beta of 0.59. WD-40 has a 1-year low of $108.20 and a 1-year high of $184.25. The company has a quick ratio of 1.47, a current ratio of 1.75 and a debt-to-equity ratio of 0.56.

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. The company had revenue of $102.60 million during the quarter. WD-40 had a net margin of 15.96% and a return on equity of 38.90%. The company’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period last year, the business earned $1.01 EPS. Equities research analysts expect that WD-40 will post 4.65 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Friday, October 19th will be paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend is Thursday, October 18th. WD-40’s dividend payout ratio (DPR) is currently 52.30%.

In other WD-40 news, insider William B. Noble sold 2,000 shares of WD-40 stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $166.13, for a total transaction of $332,260.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.90% of the company’s stock.

Several large investors have recently modified their holdings of the business. BlackRock Inc. lifted its stake in shares of WD-40 by 7.4% in the 2nd quarter. BlackRock Inc. now owns 1,916,588 shares of the specialty chemicals company’s stock valued at $280,302,000 after purchasing an additional 132,441 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of WD-40 by 0.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 491,293 shares of the specialty chemicals company’s stock valued at $71,852,000 after purchasing an additional 2,865 shares during the last quarter. Conestoga Capital Advisors LLC lifted its stake in shares of WD-40 by 7.0% in the 2nd quarter. Conestoga Capital Advisors LLC now owns 383,250 shares of the specialty chemicals company’s stock valued at $56,050,000 after purchasing an additional 25,110 shares during the last quarter. Hermes Investment Management Ltd. lifted its stake in shares of WD-40 by 0.4% in the 2nd quarter. Hermes Investment Management Ltd. now owns 212,531 shares of the specialty chemicals company’s stock valued at $31,083,000 after purchasing an additional 784 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of WD-40 by 1.5% in the 2nd quarter. Northern Trust Corp now owns 197,320 shares of the specialty chemicals company’s stock valued at $28,859,000 after purchasing an additional 2,898 shares during the last quarter. 88.54% of the stock is owned by institutional investors.

WD-40 Company Profile

WD-40 Company engages in the development and sale of maintenance products, and homecare and cleaning products. It 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; specialty maintenance products, such as penetrants, degreasers, corrosion inhibitors, greases, lubricants, and rust removers under the WD-40 Specialist brand name; and bicycle maintenance products under the WD-40 Bike brand name comprising wet and dry chain lubricants, chain cleaners and degreasers, and foaming wash products that are designed for avid and recreational cyclists, bike enthusiasts, and mechanics.

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