Swiss National Bank Sells 100 Shares of WD-40 (NASDAQ:WDFC)

Swiss National Bank lessened its stake in shares of WD-40 (NASDAQ:WDFCGet Rating) by 0.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 32,300 shares of the specialty chemicals company’s stock after selling 100 shares during the quarter. Swiss National Bank owned about 0.24% of WD-40 worth $6,504,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Stonegate Investment Group LLC acquired a new position in shares of WD-40 during the 2nd quarter worth about $201,000. Baird Financial Group Inc. lifted its position in shares of WD-40 by 3.0% during the 2nd quarter. Baird Financial Group Inc. now owns 2,137 shares of the specialty chemicals company’s stock worth $430,000 after purchasing an additional 62 shares during the last quarter. Texas Permanent School Fund lifted its position in shares of WD-40 by 1.8% during the 2nd quarter. Texas Permanent School Fund now owns 9,877 shares of the specialty chemicals company’s stock worth $1,989,000 after purchasing an additional 174 shares during the last quarter. Coldstream Capital Management Inc. acquired a new position in shares of WD-40 during the 2nd quarter worth about $213,000. Finally, Landscape Capital Management L.L.C. acquired a new position in shares of WD-40 during the 2nd quarter worth about $3,684,000. Institutional investors and hedge funds own 93.52% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. DA Davidson boosted their price objective on WD-40 from $205.00 to $207.00 and gave the stock a “buy” rating in a research report on Thursday, October 20th. StockNews.com initiated coverage on WD-40 in a report on Wednesday, October 12th. They issued a “hold” rating for the company.

Insider Transactions at WD-40

In other news, Director Geoffrey Holdsworth sold 2,652 shares of the stock in a transaction that occurred on Monday, October 24th. The stock was sold at an average price of $152.12, for a total value of $403,422.24. Following the completion of the transaction, the director now directly owns 6,061 shares of the company’s stock, valued at approximately $921,999.32. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Geoffrey Holdsworth sold 2,652 shares of the stock in a transaction that occurred on Monday, October 24th. The stock was sold at an average price of $152.12, for a total value of $403,422.24. Following the completion of the transaction, the director now directly owns 6,061 shares of the company’s stock, valued at approximately $921,999.32. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Steven A. Brass bought 632 shares of the company’s stock in a transaction dated Wednesday, October 26th. The stock was bought at an average cost of $158.16 per share, with a total value of $99,957.12. Following the completion of the acquisition, the chief executive officer now owns 15,389 shares in the company, valued at approximately $2,433,924.24. The disclosure for this purchase can be found here. 1.50% of the stock is currently owned by insiders.

WD-40 Trading Down 0.4 %

WD-40 stock opened at $174.08 on Thursday. The business has a 50 day moving average price of $171.56 and a two-hundred day moving average price of $181.86. The company has a quick ratio of 1.31, a current ratio of 2.25 and a debt-to-equity ratio of 0.57. The stock has a market cap of $2.36 billion, a price-to-earnings ratio of 35.53 and a beta of -0.21. WD-40 has a 12 month low of $145.16 and a 12 month high of $255.31.

WD-40 (NASDAQ:WDFCGet Rating) last posted its quarterly earnings results on Wednesday, October 19th. The specialty chemicals company reported $1.08 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.14). The firm had revenue of $130.40 million during the quarter, compared to analyst estimates of $131.10 million. WD-40 had a net margin of 12.98% and a return on equity of 34.48%. The company’s revenue was up 13.2% on a year-over-year basis. During the same period last year, the company earned $0.61 EPS. As a group, equities analysts forecast that WD-40 will post 5.24 EPS for the current year.

WD-40 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 31st. Stockholders of record on Friday, October 21st were issued a $0.78 dividend. The ex-dividend date of this dividend was Thursday, October 20th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.79%. WD-40’s payout ratio is presently 63.67%.

WD-40 Company Profile

(Get Rating)

WD-40 Company develops and sells maintenance products, and homecare and cleaning products in the Americas, Europe, the Middle East, Africa, Australia, and the Asia Pacific. The company provides multi-purpose maintenance products that include aerosol sprays, non-aerosol trigger sprays, and in liquid-bulk form products under the WD-40 Multi-Use brand name; and specialty maintenance products, such as penetrants, degreasers, corrosion inhibitors, greases, lubricants, and rust removers under the WD-40 Specialist brand, as well as various products under the WD-40 Bike brand name.

Further Reading

Institutional Ownership by Quarter for WD-40 (NASDAQ:WDFC)

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