Analysts Set $114.67 Price Target for WD-40 Company (WDFC)

WD-40 Company (NASDAQ:WDFC) has received a consensus broker rating score of 3.00 (Hold) from the three analysts that provide coverage for the company, Zacks Investment Research reports. Three analysts have rated the stock with a hold rating.

Brokers have set a twelve-month consensus target price of $114.67 for the company and are predicting that the company will post $0.90 earnings per share for the current quarter, according to Zacks. Zacks has also given WD-40 Company an industry rank of 85 out of 265 based on the ratings given to related companies.

A number of research firms recently issued reports on WDFC. Zacks Investment Research lowered WD-40 Company from a “hold” rating to a “sell” rating in a research note on Thursday, January 12th. B. Riley reiterated a “neutral” rating and set a $119.00 price objective on shares of WD-40 Company in a research note on Tuesday, January 10th. Jefferies Group LLC reiterated a “hold” rating and set a $110.00 price objective (down from $120.00) on shares of WD-40 Company in a research note on Thursday, October 20th. Finally, Wunderlich decreased their price objective on WD-40 Company from $115.00 to $100.00 and set a “hold” rating on the stock in a research note on Thursday, October 20th.

Shares of WD-40 Company (NASDAQ:WDFC) traded up 0.115% during midday trading on Monday, hitting $108.625. The stock had a trading volume of 3,237 shares. The firm has a market cap of $1.53 billion, a P/E ratio of 29.916 and a beta of 0.62. The company’s 50 day moving average is $108.56 and its 200 day moving average is $111.50. WD-40 Company has a 52 week low of $99.32 and a 52 week high of $125.00.

WD-40 Company (NASDAQ:WDFC) last issued its earnings results on Monday, January 9th. The company reported $0.82 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.87 by $0.05. The firm earned $89.25 million during the quarter. WD-40 Company had a net margin of 13.86% and a return on equity of 36.97%. WD-40 Company’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.83 EPS. On average, equities analysts predict that WD-40 Company will post $3.65 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 31st. Investors of record on Friday, January 20th were given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 1.81%. This is a boost from WD-40 Company’s previous quarterly dividend of $0.42. The ex-dividend date was Wednesday, January 18th. WD-40 Company’s payout ratio is presently 53.99%.

A number of institutional investors have recently bought and sold shares of WDFC. Vanguard Group Inc. boosted its position in WD-40 Company by 1.8% in the second quarter. Vanguard Group Inc. now owns 1,120,954 shares of the company’s stock valued at $131,655,000 after buying an additional 19,621 shares during the last quarter. BlackRock Fund Advisors boosted its position in WD-40 Company by 12.1% in the third quarter. BlackRock Fund Advisors now owns 963,826 shares of the company’s stock valued at $108,363,000 after buying an additional 103,959 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in WD-40 Company by 4.5% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 369,641 shares of the company’s stock valued at $41,559,000 after buying an additional 15,918 shares during the last quarter. State Street Corp boosted its position in WD-40 Company by 8.1% in the fourth quarter. State Street Corp now owns 339,636 shares of the company’s stock valued at $39,699,000 after buying an additional 25,556 shares during the last quarter. Finally, Neuberger Berman Group LLC boosted its position in WD-40 Company by 29.9% in the third quarter. Neuberger Berman Group LLC now owns 301,911 shares of the company’s stock valued at $33,944,000 after buying an additional 69,500 shares during the last quarter. Institutional investors and hedge funds own 77.81% of the company’s stock.

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About WD-40 Company

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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