Zacks Investment Research lowered shares of WD-40 (NASDAQ:WDFC) from a buy rating to a hold rating in a research note published on Wednesday morning.

According to Zacks, “WD-40 Company is a tribe of passionate, committed professionals, all dedicated to the same goal: to create positive lasting memories in every interaction they have. They’re a global marketing organization dedicated to creating positive lasting memories by developing and selling products that solve problems in workshops, factories and homes around the world. They offer multi-purpose maintenance products, including aerosol sprays, non-aerosol trigger sprays, and in liquid form under the WD-40 Multi-Use brand for various consumer uses; and specialty maintenance products that comprise penetrants, degreasers, corrosion inhibitors, lubricants, and rust removers under the WD-40 Specialist brand name. The company also provides products under the WD-40 Bike product brand consisting of wet and dry chain lubricants, heavy-duty degreasers, and foaming wash products for avid and recreational cyclists, bike enthusiasts, and mechanics; multi-purpose and specialty drip oils, and spray lubricant products. “

WDFC has been the subject of a number of other reports. BidaskClub downgraded shares of WD-40 from a buy rating to a hold rating in a research report on Thursday, February 14th. DA Davidson initiated coverage on shares of WD-40 in a research report on Friday, December 7th. They set a buy rating for the company. Finally, ValuEngine upgraded shares of WD-40 from a buy rating to a strong-buy rating in a research report on Monday, February 4th. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $149.67.

NASDAQ:WDFC opened at $175.57 on Wednesday. WD-40 has a 12 month low of $125.70 and a 12 month high of $187.50. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.19 and a quick ratio of 1.60. The firm has a market cap of $2.43 billion, a PE ratio of 42.51, a P/E/G ratio of 3.87 and a beta of 0.25.

WD-40 (NASDAQ:WDFC) last posted its quarterly earnings data on Wednesday, January 9th. The specialty chemicals company reported $0.95 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.95. WD-40 had a net margin of 15.98% and a return on equity of 38.51%. The business had revenue of $101.30 million during the quarter, compared to the consensus estimate of $99.10 million. During the same period in the previous year, the firm posted $0.90 earnings per share. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. On average, equities analysts predict that WD-40 will post 4.56 EPS for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Nalls Sherbakoff Group LLC acquired a new position in WD-40 during the fourth quarter valued at $30,000. Capital Investment Advisory Services LLC acquired a new position in WD-40 during the fourth quarter valued at $33,000. Lindbrook Capital LLC acquired a new position in WD-40 during the fourth quarter valued at $37,000. Oppenheimer Asset Management Inc. acquired a new position in WD-40 during the fourth quarter valued at $45,000. Finally, Karp Capital Management Corp acquired a new position in WD-40 during the fourth quarter valued at $55,000. Institutional investors own 90.72% 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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