Jay Rembolt Sells 582 Shares of WD-40 Company (WDFC) Stock

WD-40 Company (NASDAQ:WDFC) VP Jay Rembolt sold 582 shares of the stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $110.00, for a total transaction of $64,020.00. Following the completion of the transaction, the vice president now owns 37,632 shares of the company’s stock, valued at $4,139,520. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 transaction of $68,880.00.

Shares of WD-40 Company (WDFC) opened at 111.05 on Friday. The company’s 50-day moving average is $106.88 and its 200 day moving average is $107.39. WD-40 Company has a 1-year low of $100.60 and a 1-year high of $119.90. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of 30.01 and a beta of 0.73.

WD-40 (NASDAQ:WDFC) last posted its quarterly earnings data on Monday, July 10th. The specialty chemicals company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.11. The firm had revenue of $98.20 million during the quarter, compared to analysts’ expectations of $99.09 million. WD-40 had a net margin of 13.85% and a return on equity of 39.64%. The company’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.88 EPS. On average, analysts expect that WD-40 Company will post $3.68 EPS for the current fiscal year.

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WDFC has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of WD-40 from a “hold” rating to a “buy” rating and set a $119.00 price objective for the company in a report on Friday, August 25th. BidaskClub upgraded shares of WD-40 from a “hold” rating to a “buy” rating in a report on Tuesday, June 20th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $111.75.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Pinebridge Investments L.P. increased its position in WD-40 by 0.6% in the 2nd quarter. Pinebridge Investments L.P. now owns 1,853 shares of the specialty chemicals company’s stock valued at $204,000 after acquiring an additional 11 shares in the last quarter. Glen Harbor Capital Management LLC increased its position in WD-40 by 2.4% in the 1st quarter. Glen Harbor Capital Management LLC now owns 946 shares of the specialty chemicals company’s stock valued at $103,000 after acquiring an additional 22 shares in the last quarter. Elkfork Partners LLC increased its position in WD-40 by 2.4% in the 1st quarter. Elkfork Partners LLC now owns 1,204 shares of the specialty chemicals company’s stock valued at $131,000 after acquiring an additional 28 shares in the last quarter. Meadow Creek Investment Management LLC increased its position in WD-40 by 2.4% in the 1st quarter. Meadow Creek Investment Management LLC now owns 1,462 shares of the specialty chemicals company’s stock valued at $159,000 after acquiring an additional 34 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in WD-40 by 0.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 5,263 shares of the specialty chemicals company’s stock valued at $573,000 after acquiring an additional 43 shares in the last quarter. Hedge funds and other institutional investors own 80.60% of the company’s stock.

About WD-40

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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