Steven A. Brass Acquires 432 Shares of WD-40 (NASDAQ:WDFC) Stock

WD-40 (NASDAQ:WDFC) CEO Steven A. Brass purchased 432 shares of the business’s stock in a transaction dated Tuesday, April 16th. The stock was bought at an average cost of $232.22 per share, with a total value of $100,319.04. Following the completion of the acquisition, the chief executive officer now owns 20,547 shares of the company’s stock, valued at $4,771,424.34. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.

WD-40 Stock Performance

NASDAQ WDFC opened at $229.86 on Friday. WD-40 has a fifty-two week low of $181.38 and a fifty-two week high of $278.78. The stock has a market cap of $3.11 billion, a price-to-earnings ratio of 45.88 and a beta of -0.06. The business has a fifty day moving average of $254.14 and a 200-day moving average of $241.36. The company has a quick ratio of 1.56, a current ratio of 2.27 and a debt-to-equity ratio of 0.40.

WD-40 (NASDAQ:WDFC) last released its quarterly earnings results on Tuesday, April 9th. The specialty chemicals company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.01. The company had revenue of $139.10 million during the quarter, compared to analysts’ expectations of $140.51 million. WD-40 had a return on equity of 32.30% and a net margin of 12.19%. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.21 earnings per share. As a group, analysts predict that WD-40 will post 5.22 earnings per share for the current fiscal year.

WD-40 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 19th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Thursday, April 18th. This represents a $3.52 annualized dividend and a yield of 1.53%. WD-40’s payout ratio is currently 70.26%.

Wall Street Analyst Weigh In

Separately, DA Davidson reissued a “buy” rating and issued a $313.00 price target on shares of WD-40 in a report on Wednesday, April 10th.

Hedge Funds Weigh In On WD-40

Several institutional investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC increased its stake in WD-40 by 152.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,689 shares of the specialty chemicals company’s stock valued at $428,000 after purchasing an additional 1,020 shares during the last quarter. Bridge City Capital LLC increased its stake in WD-40 by 0.8% in the first quarter. Bridge City Capital LLC now owns 5,991 shares of the specialty chemicals company’s stock valued at $1,518,000 after purchasing an additional 45 shares during the last quarter. Profit Investment Management LLC increased its stake in WD-40 by 32.5% in the first quarter. Profit Investment Management LLC now owns 16,024 shares of the specialty chemicals company’s stock valued at $4,059,000 after purchasing an additional 3,926 shares during the last quarter. Wedmont Private Capital acquired a new position in WD-40 in the first quarter valued at $212,000. Finally, Scarborough Advisors LLC acquired a new stake in WD-40 during the fourth quarter worth about $104,000. 91.52% of the stock is currently owned by institutional investors and hedge funds.

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 provides multi-purpose maintenance products that include aerosol sprays, non-aerosol trigger sprays, precision pens, and in liquid-bulk form products under the WD-40 Multi-Use brand name; specialty maintenance products, such as penetrants, degreasers, corrosion inhibitors, greases, lubricants, and rust removers under the WD-40 Specialist brand; and bike-specific products.