WD-40 (NASDAQ:WDFC) Lifted to “Hold” at BidaskClub

BidaskClub upgraded shares of WD-40 (NASDAQ:WDFC) from a sell rating to a hold rating in a report issued on Friday, BidAskClub reports.

A number of other equities research analysts also recently issued reports on the company. Zacks Investment Research downgraded WD-40 from a buy rating to a hold rating in a research report on Saturday, July 27th. DA Davidson set a $209.00 price objective on WD-40 and gave the company a buy rating in a research report on Monday, July 15th.

Shares of WDFC stock opened at $183.78 on Friday. WD-40 has a 1 year low of $149.38 and a 1 year high of $188.28. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.90 and a quick ratio of 1.39. The stock’s 50 day simple moving average is $175.42 and its two-hundred day simple moving average is $170.55. The company has a market cap of $2.51 billion, a PE ratio of 44.50, a price-to-earnings-growth ratio of 3.94 and a beta of 0.25.



WD-40 (NASDAQ:WDFC) last issued its quarterly earnings data on Tuesday, July 9th. The specialty chemicals company reported $1.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.08. WD-40 had a return on equity of 40.12% and a net margin of 16.45%. The business had revenue of $114.00 million for the quarter, compared to the consensus estimate of $109.40 million. During the same period in the prior year, the business posted $1.15 earnings per share. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. Equities research analysts expect that WD-40 will post 4.65 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Friday, July 19th were given a dividend of $0.61 per share. The ex-dividend date was Thursday, July 18th. This represents a $2.44 dividend on an annualized basis and a yield of 1.33%. WD-40’s dividend payout ratio (DPR) is presently 59.08%.

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. raised its holdings in shares of WD-40 by 2.4% in the first quarter. BlackRock Inc. now owns 2,045,376 shares of the specialty chemicals company’s stock worth $346,569,000 after buying an additional 47,977 shares during the period. Neuberger Berman Group LLC raised its holdings in shares of WD-40 by 1.8% in the first quarter. Neuberger Berman Group LLC now owns 740,302 shares of the specialty chemicals company’s stock worth $125,437,000 after buying an additional 13,386 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of WD-40 by 4.9% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 489,634 shares of the specialty chemicals company’s stock worth $82,965,000 after buying an additional 23,083 shares during the period. VGI Partners Ltd raised its holdings in shares of WD-40 by 8.8% in the second quarter. VGI Partners Ltd now owns 367,937 shares of the specialty chemicals company’s stock worth $58,517,000 after buying an additional 29,828 shares during the period. Finally, Acadian Asset Management LLC raised its holdings in shares of WD-40 by 1.6% in the second quarter. Acadian Asset Management LLC now owns 312,173 shares of the specialty chemicals company’s stock worth $49,651,000 after buying an additional 4,828 shares during the period. Hedge funds and other institutional investors own 89.58% of the company’s stock.

WD-40 Company Profile

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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