WD-40 Company (WDFC)’s Trend Up, Especially After Today’s 52-Week High Milestone

July 16, 2018 - By Carolyn Hewitt

WD-40 Company (NASDAQ:WDFC) Logo

Investors sentiment decreased to 1.15 in 2018 Q1. Its down 0.14, from 1.29 in 2017Q4. It worsened, as 15 investors sold WD-40 Company shares while 57 reduced holdings. 28 funds opened positions while 55 raised stakes. 11.30 million shares or 1.27% less from 11.45 million shares in 2017Q4 were reported.
Ent Service invested 0.03% in WD-40 Company (NASDAQ:WDFC). Victory Cap Mgmt Inc accumulated 3,515 shares or 0% of the stock. Ubs Asset Americas reported 6,979 shares stake. First Manhattan Com, New York-based fund reported 150 shares. Hermes has invested 0.41% in WD-40 Company (NASDAQ:WDFC). Wells Fargo And Co Mn has 0.01% invested in WD-40 Company (NASDAQ:WDFC). Thrivent For Lutherans has 0% invested in WD-40 Company (NASDAQ:WDFC). Symphony Asset Mgmt Ltd has invested 0.06% in WD-40 Company (NASDAQ:WDFC). Ameriprise stated it has 374,992 shares. State Of Tennessee Treasury Department holds 0.01% in WD-40 Company (NASDAQ:WDFC) or 9,994 shares. Jpmorgan Chase holds 0% or 34,690 shares. Great West Life Assurance Company Can reported 18,756 shares or 0.01% of all its holdings. Teachers Retirement System Of The State Of Kentucky stated it has 4,295 shares or 0.01% of all its holdings. Pub Employees Retirement Association Of Colorado reported 2,858 shares. State Common Retirement Fund holds 0% or 17,299 shares in its portfolio.

Since January 29, 2018, it had 1 buying transaction, and 3 insider sales for $856,175 activity. 4,861 shares were sold by FREEMAN MICHAEL L, worth $581,278 on Tuesday, February 13. PITTARD DANIEL E had bought 530 shares worth $70,305. 1,690 shares valued at $214,377 were sold by HOLDSWORTH GEOFFREY on Monday, January 29.

The stock of WD-40 Company (NASDAQ:WDFC) hit a new 52-week high and has $170.31 target or 5.00 % above today’s $162.20 share price. The 5 months bullish chart indicates low risk for the $2.25 billion company. The 1-year high was reported on Jul, 16 by Barchart.com. If the $170.31 price target is reached, the company will be worth $112.50M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 0.06% or $0.1 during the last trading session, reaching $162.2. About 36,807 shares traded. WD-40 Company (NASDAQ:WDFC) has risen 33.54% since July 16, 2017 and is uptrending. It has outperformed by 20.97% the S&P500.

WD-40 Company (NASDAQ:WDFC) Ratings Coverage

Among 3 analysts covering WD-40 (NASDAQ:WDFC), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. WD-40 had 3 analyst reports since April 6, 2018 according to SRatingsIntel. The firm has “Hold” rating by Jefferies given on Friday, April 6. The stock has “Neutral” rating by FBR Capital on Wednesday, July 11. The stock of WD-40 Company (NASDAQ:WDFC) earned “Neutral” rating by B. Riley & Co on Friday, April 6.

More news for WD-40 Company (NASDAQ:WDFC) were recently published by: Seekingalpha.com, which released: “Stocks To Watch: A New Beverage Giant Steps Out” on July 07, 2018. Seekingalpha.com‘s article titled: “More on WD-40 Company’s Q3 results” and published on July 10, 2018 is yet another important article.

WD-40 Company engages in the development and sale of maintenance products, and homecare and cleaning products. The company has market cap of $2.25 billion. It 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; specialty maintenance products, such as penetrants, degreasers, corrosion inhibitors, greases, lubricants, and rust removers under the WD-40 Specialist brand name; and bicycle maintenance products under the WD-40 Bike brand name comprising wet and dry chain lubricants, chain cleaners and degreasers, and foaming wash products that are designed for avid and recreational cyclists, bike enthusiasts, and mechanics. It has a 40.73 P/E ratio. The firm also provides multi-purpose and specialty drip oils, and spray lubricant products, as well as other specialty maintenance products under the 3-IN-ONE brand name; and professional spray maintenance products and lubricants for the bike market under the GT85 brand name.

WD-40 Company (NASDAQ:WDFC) Institutional Positions Chart

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