WD-40 logoBidaskClub downgraded shares of WD-forty (NASDAQ: WDFC) from a sell rating to a strongly promote rating in a document launched on Friday, June twenty-first, BidAskClub reports.
Other analysts have additionally recently issued reviews approximately the stock. Zacks Investment Research reduces stocks of WD-40 from a purchase rating to a hold rating in a report on Wednesday, March 13th. ValuEngine cut shares of WD-forty from a sturdy-purchase score to a buy rating in a record on Wednesday, March 20th. One investment analyst has rated the stock with a sell score, two have given a preserve score and have issued a purchase score to the organization. The stock has a median rating of Hold and a mean target rate of $164.50.
WD-forty inventory opened at $159.04 on Friday. The organization has a 50 day shifting average of $161.70. The corporation has a short ratio of one.49, a modern ratio of 2.07 and a debt-to-equity ratio of zero.41. The corporation has a market capitalization of $2.18 billion, a PE ratio of 38.51, a PEG ratio of three.47 and a beta of zero.30. WD-40 has a 12-month low of $one hundred forty-four.05 and a 12-month excessive of $187.50.
WD-forty (NASDAQ: WDFC) ultimate posted its quarterly profits facts on Tuesday, April 9th. The area of expertise chemicals organization pronounced $1.14 profits per share (EPS) for the quarter, beating the consensus estimate of $1.12 with the aid of $0.02. The commercial enterprise had revenue of $one hundred and one.30 million in the course of the region, as compared to analysts’ expectations of $104.10 million. WD-forty had a net margin of sixteen.24% and a return on equity of 39.Thirteen%. The enterprise’s revenue turned into up .0% on a year-over-yr basis. During the identical duration remaining yr, the firm posted $1.05 income according to share. As a collection, equities studies analysts forecast that WD-40 will post 4.56 earnings in keeping with proportion for the contemporary 12 months.
The firm additionally lately announced a quarterly dividend, a good way to be paid on Wednesday, July 31st. Investors of record on Friday, July 19th might be issued a dividend of $zero.Sixty-one in step with percentage. This represents a $2.44 dividend on an annualized foundation and a yield of 1.53%. The ex-dividend date of this dividend is Thursday, July 18th. WD-40’s payout ratio is fifty nine.08%.
In different information, Director Daniel E. Pittard received four hundred shares of the company’s stock in a transaction that befell on Thursday, April 18th. The inventory was purchased at an average fee of $a hundred sixty-five .00 in line with percentage, with a total value of $ sixty-six,000.00. The buy was disclosed in a document filed with the SEC, which is accessible through the SEC internet site. Also, insider Steven A. Brass sold 822 shares of the company’s inventory in a transaction that took place on Thursday, April 18th. The stock changed into offered at a median charge of $164.30, for a complete transaction of $one hundred thirty-five,054.60. The disclosure for this sale can be located right here. Company insiders own 2.09% of the agency’s inventory.
Institutional buyers have currently sold and bought shares of the inventory. TD Asset Management Inc. Boosted its stake in WD-40 by sixteen.7% inside the 4th quarter. TD Asset Management Inc. Now owns 7,000 stocks of the distinctiveness chemical compounds organization’s inventory worth $1,283,000 after purchasing an additional 1,000 stocks at some point of the duration. California Public Employees Retirement System boosted its stake in WD-forty by three.Zero% inside the 1st zone. California Public Employees Retirement System now owns 39,690 shares of the uniqueness chemical substances agency’s inventory really worth $6,725,000 after purchasing a further 1,141 shares during the length. Monument Capital Management boosted its stake in WD-40 by 1.2% in the 1st region. Monument Capital Management now owns 8,382 shares of the specialty chemical compounds employer’s inventory worth $1,420,000 after buying an extra one zero one stocks all through the duration. WP Advisors LLC received a brand new function in WD-forty in the 1st quarter well worth approximately $35,000. Finally, First Trust Advisors LP boosted its stake in WD-40 by way of 3.1% inside the 4th quarter. First Trust Advisors LP now owns forty,142 shares of the uniqueness chemical compounds corporation’s stock worth $7,356,000 after purchasing an extra 1,220 shares all through the length. 89.26% of the stock is owned with the aid of hedge finances and other institutional buyers.
WD-forty Company Profile
WD-40 Company develops and sells upkeep products, and homecare and cleansing merchandise inside the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The organization gives multi-motive preservation merchandise, together with aerosol sprays, non-aerosol cause sprays, and in liquid-bulk shape merchandise below the WD-forty Multi-Use logo name for various purchaser uses and industrial programs; area of expertise renovation products, along with penetrants, degreasers, corrosion inhibitors, greases, lubricants, and rust removers underneath the WD-40 Specialist logo; and bicycle preservation products comprising wet and dry chain lubricants, chain cleaners and degreasers, and foaming wash products for avid and recreational cyclists, motorcycle lovers, and mechanics underneath the WD-forty Bike emblem call.