WD-40 Company (NASDAQ:WDFC) VP Jay Rembolt sold 582 shares of WD-40 stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $110.00, for a total value of $64,020.00. Following the completion of the transaction, the vice president now directly owns 37,632 shares of the company’s stock, valued at $4,139,520. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Jay Rembolt also recently made the following trade(s):
- On Monday, June 19th, Jay Rembolt sold 615 shares of WD-40 stock. The shares were sold at an average price of $112.00, for a total value of $68,880.00.
Shares of WD-40 Company (NASDAQ WDFC) traded up 1.28% during trading on Friday, reaching $111.05. The company’s stock had a trading volume of 105,253 shares. WD-40 Company has a 52-week low of $100.60 and a 52-week high of $119.90. The stock has a market cap of $1.56 billion, a P/E ratio of 30.01 and a beta of 0.73. The stock has a 50-day moving average of $106.88 and a 200-day moving average of $107.39.
WD-40 (NASDAQ:WDFC) last posted its earnings results on Monday, July 10th. The specialty chemicals company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.11. The firm had revenue of $98.20 million for the quarter, compared to the consensus estimate of $99.09 million. WD-40 had a return on equity of 39.64% and a net margin of 13.85%. The business’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.88 earnings per share. Analysts predict that WD-40 Company will post $3.68 earnings per share for the current fiscal year.
Hedge funds have recently modified their holdings of the stock. BlackRock Inc. raised its position in shares of WD-40 by 129,764.4% in the first quarter. BlackRock Inc. now owns 1,698,626 shares of the specialty chemicals company’s stock worth $185,067,000 after buying an additional 1,697,318 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of WD-40 by 4.2% in the first quarter. JPMorgan Chase & Co. now owns 36,314 shares of the specialty chemicals company’s stock worth $3,956,000 after buying an additional 1,462 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of WD-40 by 24.9% in the second quarter. Russell Investments Group Ltd. now owns 28,646 shares of the specialty chemicals company’s stock worth $3,160,000 after buying an additional 5,709 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new stake in shares of WD-40 in the first quarter worth $132,000. Finally, Great West Life Assurance Co. Can raised its position in shares of WD-40 by 2.6% in the second quarter. Great West Life Assurance Co. Can now owns 20,634 shares of the specialty chemicals company’s stock worth $2,274,000 after buying an additional 530 shares in the last quarter. Institutional investors own 80.60% of the company’s stock.
Several equities analysts have weighed in on WDFC shares. Zacks Investment Research raised WD-40 from a “hold” rating to a “buy” rating and set a $118.00 price objective for the company in a report on Tuesday, May 30th. BidaskClub cut WD-40 from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Finally, FBR & Co reaffirmed a “marketperform” rating on shares of WD-40 in a report on Tuesday, July 11th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $111.75.
WD-40 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.
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