In yesterday’s Wall Street session, WD-40 Company (NASDAQ:WDFC) shares traded at $164.29, up 1.04% from the previous session.
3 analysts cover WD-40 Company (NASDAQ:WDFC), according to research data. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $207.00 and a low of $88.00, we find $175.00. Given the previous closing price of $162.60, this indicates a potential upside of 7.63 percent. WDFC stock price is now -0.58% away from the 50-day moving average and -8.62% away from the 200-day moving average. The market capitalization of the company currently stands at $2.25B.
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The stock has received a hold rating from 1 analysts and a buy rating from 1. Brokers who have rated the stock have averaged $156.67 as their price target over the next twelve months.
With the price target maintained at $205, DA Davidson recently Upgraded its rating from Neutral to Buy for WD-40 Company (NASDAQ: WDFC). On July 14, 2022, BWS Financial recently initiated its ‘Sell’ rating on the stock quoting a target price of $88, while ‘DA Davidson’ rates the stock as ‘Neutral’.
In other news, Olsem Patricia Q, Division President, Americas sold 625 shares of the company’s stock on Nov 10. The stock was sold for $103,125 at an average price of $165.00. Upon completion of the transaction, the Division President, Americas now directly owns 3,181 shares in the company, valued at $0.52 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 26, President and CEO Brass Steven A bought 632 shares of the business’s stock. A total of $99,957 was incurred on buying the stock at an average price of $158.16. This leaves the insider owning 15,389 shares of the company worth $2.53 million. Insiders disposed of 9,382 shares of company stock worth roughly $1.54 million over the past 1 year. A total of 1.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in WDFC stock. A new stake in WD-40 Company shares was purchased by SCHRODER INVESTMENT MANAGEMENT GROUP during the first quarter worth $24,221,000. ERN LLC invested $1,643,000 in shares of WDFC during the first quarter. In the first quarter, AMALGAMATED FINANCIAL CORP. acquired a new stake in WD-40 Company valued at approximately $1,096,000. MARSHALL WACE, LLP acquired a new stake in WDFC for approximately $840,000. MARINER, LLC purchased a new stake in WDFC valued at around $506,000 in the second quarter. In total, there are 395 active investors with 94.70% ownership of the company’s stock.
On Tuesday morning WD-40 Company (NASDAQ: WDFC) stock kicked off with the opening price of $162.00. During the past 12 months, WD-40 Company has had a low of $145.16 and a high of $255.31. As of last week, the company has a debt-to-equity ratio of 0.78, a current ratio of 2.30, and a quick ratio of 1.30. The fifty day moving average price for WDFC is $165.40 and a two-hundred day moving average price translates $179.68 for the stock.
The latest earnings results from WD-40 Company (NASDAQ: WDFC) was released for Aug, 2022. According to the Specialty Chemicals Company, earnings per share came in at $1.08, missing analysts’ expectations of $1.22 by -0.14. This compares to $1.35 EPS in the same period last year. The net profit margin was 12.90% and return on equity was 34.40% for WDFC. The company reported revenue of $124.89 million for the quarter, compared to $134.75 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -7.31 percent. For the current quarter, analysts expect WDFC to generate $140.73M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 01/31/2023. Investors who held shares on 01/13/2023 were paid a $0.83 dividend. On an annualized basis, this represents a $3.32 dividend and a 2.02% percent yield. There was an ex-dividend date of 01/12/2023 for this dividend. In terms of dividend payout ratio, WDFC is presently at 62.40%.
WD-40 Company(WDFC) Company Profile
WD-40 Company develops and sells maintenance products, and homecare and cleaning products in the Americas, Europe, the Middle East, Africa, Australia, and the Asia Pacific. The company provides multi-purpose maintenance products that include aerosol sprays, non-aerosol trigger sprays, and in liquid-bulk form products under the WD-40 Multi-Use brand name; and specialty maintenance products, such as penetrants, degreasers, corrosion inhibitors, greases, lubricants, and rust removers under the WD-40 Specialist brand, as well as various products under the WD-40 Bike brand name. It also offers multi-purpose and specialty drip oils, and spray lubricant products, as well as other specialty maintenance products under the 3-IN-ONE brand name; and professional spray maintenance products and lubricants for the bike market under the GT85 brand name. In addition, the company provides automatic toilet bowl cleaners under the 2000 Flushes brand name; aerosol and liquid trigger carpet stain and odor eliminators under the Spot Shot brand; room and rug deodorizers under the Carpet Fresh brand name; carpet and household cleaners, and rug and room deodorizers under the 1001 brand; heavy-duty hand cleaner products under the Lava brand name in the United States, as well as under the Solvol brand name in Australia; and automatic toilet bowl cleaners under the X-14 brand name. It sells its products primarily through warehouse club stores, hardware stores, automotive parts outlets, industrial distributors and suppliers, mass retail and home center stores, value retailers, grocery stores, online retailers, farm supply, sport retailers, and independent bike dealers. The company was founded in 1953 and is headquartered in San Diego, California.
