WD-40 Company (NASDAQ:WDFC) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.
Several other research firms also recently commented on WDFC. Zacks Investment Research downgraded shares of WD-40 from a “buy” rating to a “hold” rating in a research report on Wednesday, June 7th. FBR & Co reiterated a “marketperform” rating on shares of WD-40 in a research report on Tuesday, July 11th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $111.25.
WD-40 (NASDAQ WDFC) traded up 0.56% on Friday, reaching $108.15. 44,110 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $106.54 and its 200 day moving average price is $107.47. WD-40 has a 52-week low of $100.60 and a 52-week high of $121.10. The firm has a market capitalization of $1.52 billion, a PE ratio of 29.22 and a beta of 0.73.
WD-40 (NASDAQ:WDFC) last posted its earnings results on Monday, July 10th. The specialty chemicals company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.91 by $0.11. WD-40 had a net margin of 13.85% and a return on equity of 39.64%. The business had revenue of $98.20 million for the quarter, compared to the consensus estimate of $99.09 million. During the same period last year, the company earned $0.88 EPS. The firm’s revenue was up 1.8% compared to the same quarter last year. On average, analysts predict that WD-40 will post $3.68 EPS for the current fiscal year.
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In other WD-40 news, VP Jay Rembolt sold 615 shares of the firm’s stock in a transaction that occurred on Monday, June 19th. The shares were sold at an average price of $112.00, for a total transaction of $68,880.00. Following the completion of the transaction, the vice president now owns 37,219 shares in the company, valued at approximately $4,168,528. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Over the last quarter, insiders have sold 1,854 shares of company stock worth $203,928. 3.90% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WDFC. Teachers Advisors LLC raised its position in WD-40 by 3.8% in the fourth quarter. Teachers Advisors LLC now owns 23,502 shares of the specialty chemicals company’s stock valued at $2,747,000 after buying an additional 870 shares during the last quarter. Bank of Montreal Can raised its position in WD-40 by 1,311.0% in the first quarter. Bank of Montreal Can now owns 13,122 shares of the specialty chemicals company’s stock valued at $1,430,000 after buying an additional 12,192 shares during the last quarter. State of Alaska Department of Revenue raised its position in WD-40 by 1.3% in the first quarter. State of Alaska Department of Revenue now owns 1,560 shares of the specialty chemicals company’s stock valued at $169,000 after buying an additional 20 shares during the last quarter. Acadian Asset Management LLC raised its position in WD-40 by 34.9% in the first quarter. Acadian Asset Management LLC now owns 110,292 shares of the specialty chemicals company’s stock valued at $12,017,000 after buying an additional 28,542 shares during the last quarter. Finally, Glen Harbor Capital Management LLC raised its position in WD-40 by 2.4% in the first quarter. Glen Harbor Capital Management LLC now owns 946 shares of the specialty chemicals company’s stock valued at $103,000 after buying an additional 22 shares during the last quarter. Hedge funds and other institutional investors own 79.42% of the company’s stock.
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.
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