WD-40 Company (NASDAQ:WDFC)‘s stock had its “hold” rating reissued by investment analysts at Jefferies Group LLC in a note issued to investors on Friday. They currently have a $110.00 price target on the stock. Jefferies Group LLC’s target price would indicate a potential upside of 0.96% from the company’s previous close.
Other research analysts have also recently issued reports about the company. Zacks Investment Research raised WD-40 Company from a “sell” rating to a “hold” rating in a research report on Wednesday, March 22nd. B. Riley reissued a “neutral” rating and set a $119.00 price target on shares of WD-40 Company in a research report on Sunday, January 15th.
Shares of WD-40 Company (NASDAQ:WDFC) traded down 0.05% during mid-day trading on Friday, hitting $108.95. The stock had a trading volume of 90,794 shares. The stock has a market capitalization of $1.54 billion, a P/E ratio of 30.01 and a beta of 0.62. WD-40 Company has a 52 week low of $99.32 and a 52 week high of $125.00. The stock has a 50 day moving average of $110.08 and a 200-day moving average of $109.89.
WD-40 Company (NASDAQ:WDFC) last issued its quarterly earnings results on Monday, January 9th. The company reported $0.82 EPS for the quarter, missing the consensus estimate of $0.87 by $0.05. WD-40 Company had a net margin of 13.86% and a return on equity of 36.97%. The company had revenue of $89.25 million for the quarter. During the same period in the previous year, the business earned $0.83 earnings per share. The business’s revenue was down 3.5% on a year-over-year basis. On average, equities research analysts predict that WD-40 Company will post $3.65 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 28th. Investors of record on Friday, April 14th will be given a dividend of $0.49 per share. The ex-dividend date is Tuesday, April 11th. This represents a $1.96 annualized dividend and a yield of 1.80%. WD-40 Company’s dividend payout ratio (DPR) is presently 53.99%.
A number of hedge funds and other institutional investors have recently modified their holdings of WDFC. Integrated Wealth Counsel LLC bought a new position in shares of WD-40 Company during the third quarter valued at approximately $112,000. Sei Investments Co. boosted its position in shares of WD-40 Company by 59.0% in the third quarter. Sei Investments Co. now owns 1,135 shares of the company’s stock valued at $128,000 after buying an additional 421 shares during the period. Elkfork Partners LLC bought a new position in shares of WD-40 Company during the fourth quarter valued at approximately $138,000. Victory Capital Management Inc. boosted its position in shares of WD-40 Company by 14.9% in the third quarter. Victory Capital Management Inc. now owns 1,317 shares of the company’s stock valued at $148,000 after buying an additional 171 shares during the period. Finally, Advisor Group Inc. boosted its position in shares of WD-40 Company by 12.4% in the third quarter. Advisor Group Inc. now owns 1,600 shares of the company’s stock valued at $180,000 after buying an additional 177 shares during the period. 77.81% of the stock is owned by hedge funds and other institutional investors.
WD-40 Company Company Profile
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.