Insider Buying: WD-40 (WDFC) Director Buys $66,000.00 in Stock

WD-40 (NASDAQ:WDFC) Director Daniel E. Pittard bought 400 shares of the business’s stock in a transaction dated Thursday, April 18th. The shares were bought at an average cost of $165.00 per share, for a total transaction of $66,000.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

NASDAQ:WDFC opened at $165.01 on Monday. WD-40 has a one year low of $129.60 and a one year high of $187.50. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.49 and a current ratio of 2.07. The stock has a market cap of $2.28 billion, a P/E ratio of 39.95, a price-to-earnings-growth ratio of 3.62 and a beta of 0.24.

WD-40 (NASDAQ:WDFC) last posted its quarterly earnings data on Tuesday, April 9th. The specialty chemicals company reported $1.14 EPS for the quarter, topping the consensus estimate of $1.12 by $0.02. WD-40 had a net margin of 16.24% and a return on equity of 39.13%. The business had revenue of $101.30 million for the quarter, compared to analyst estimates of $104.10 million. During the same quarter in the previous year, the firm posted $1.05 earnings per share. WD-40’s quarterly revenue was up .0% on a year-over-year basis. Research analysts anticipate that WD-40 will post 4.56 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 19th will be paid a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend is Wednesday, April 17th. WD-40’s payout ratio is currently 59.08%.

Several equities research analysts recently commented on the stock. ValuEngine raised shares of WD-40 from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 4th. Zacks Investment Research lowered shares of WD-40 from a “buy” rating to a “hold” rating in a research note on Wednesday, March 13th. Finally, BidaskClub lowered shares of WD-40 from a “buy” rating to a “hold” rating in a research note on Thursday, February 14th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $164.50.

A number of large investors have recently bought and sold shares of the stock. Conestoga Capital Advisors LLC boosted its stake in WD-40 by 2.2% during the first quarter. Conestoga Capital Advisors LLC now owns 257,713 shares of the specialty chemicals company’s stock worth $43,667,000 after acquiring an additional 5,536 shares in the last quarter. Alpha Windward LLC bought a new stake in WD-40 during the first quarter worth about $457,000. WP Advisors LLC purchased a new position in WD-40 in the first quarter worth about $35,000. First Manhattan Co. raised its holdings in WD-40 by 800.0% in the first quarter. First Manhattan Co. now owns 1,350 shares of the specialty chemicals company’s stock worth $228,000 after buying an additional 1,200 shares during the last quarter. Finally, Monument Capital Management raised its holdings in WD-40 by 1.2% in the first quarter. Monument Capital Management now owns 8,382 shares of the specialty chemicals company’s stock worth $1,420,000 after buying an additional 101 shares during the last quarter. 91.13% of the stock is currently owned by institutional investors and hedge funds.

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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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