Tower Research Capital LLC TRC Acquires 829 Shares of WD-40 (NASDAQ:WDFC)

Tower Research Capital LLC TRC raised its stake in shares of WD-40 (NASDAQ:WDFC – Get Rating) by 140.7% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,418 shares of the specialty chemicals company’s stock after acquiring an additional 829 shares during the period. Tower Research Capital LLC TRC’s holdings in WD-40 were worth $250,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of WDFC. EverSource Wealth Advisors LLC lifted its holdings in shares of WD-40 by 280.0% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 190 shares of the specialty chemicals company’s stock valued at $33,000 after buying an additional 140 shares during the period. Quantbot Technologies LP bought a new position in shares of WD-40 in the 2nd quarter worth approximately $44,000. Householder Group Estate & Retirement Specialist LLC purchased a new position in shares of WD-40 in the third quarter worth approximately $54,000. Point72 Hong Kong Ltd bought a new stake in WD-40 during the second quarter valued at approximately $107,000. Finally, Stonegate Investment Group LLC purchased a new stake in WD-40 during the second quarter valued at approximately $201,000. Institutional investors own 92.24% of the company’s stock.

WD-40 Stock Up 0.8 %

WDFC opened at $172.95 on Friday. WD-40 has a 1-year low of $145.16 and a 1-year high of $209.64. The firm’s 50 day simple moving average is $171.43 and its two-hundred day simple moving average is $174.21. The company has a current ratio of 2.25, a quick ratio of 1.20 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $2.35 billion, a PE ratio of 37.76 and a beta of -0.17.

WD-40 (NASDAQ:WDFC – Get Rating) last announced its earnings results on Monday, January 9th. The specialty chemicals company reported $1.02 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.07). WD-40 had a return on equity of 32.44% and a net margin of 12.33%. The company had revenue of $124.89 million during the quarter, compared to the consensus estimate of $140.70 million. During the same period in the prior year, the business posted $1.34 earnings per share. WD-40’s revenue for the quarter was down 7.3% compared to the same quarter last year. As a group, equities analysts forecast that WD-40 will post 5.19 EPS for the current year.

WD-40 Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 31st. Shareholders of record on Friday, January 13th were paid a dividend of $0.83 per share. This is a boost from WD-40’s previous quarterly dividend of $0.78. The ex-dividend date of this dividend was Thursday, January 12th. This represents a $3.32 dividend on an annualized basis and a yield of 1.92%. WD-40’s dividend payout ratio (DPR) is presently 72.49%.

Insider Buying and Selling at WD-40

In other news, CEO Steven A. Brass acquired 586 shares of WD-40 stock in a transaction dated Wednesday, January 18th. The stock was purchased at an average cost of $170.57 per share, with a total value of $99,954.02. Following the completion of the purchase, the chief executive officer now directly owns 15,975 shares in the company, valued at approximately $2,724,855.75. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO Steven A. Brass bought 586 shares of the company’s stock in a transaction that occurred on Wednesday, January 18th. The stock was bought at an average price of $170.57 per share, with a total value of $99,954.02. Following the acquisition, the chief executive officer now owns 15,975 shares of the company’s stock, valued at approximately $2,724,855.75. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Patricia Q. Olsem sold 438 shares of the firm’s stock in a transaction dated Thursday, February 2nd. The shares were sold at an average price of $180.00, for a total value of $78,840.00. Following the sale, the insider now directly owns 2,743 shares in the company, valued at $493,740. The disclosure for this sale can be found here. Insiders own 1.50% of the company’s stock.

WD-40 Profile

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WD-40 Co engages in developing and selling products that solve problems in workshops, factories, and homes. The firm operates through the following geographical segments: Americas, Europe, Middle East, and Africa (EMEA), and Asia-Pacific. Its product brands include WD-40 multi-use product, WD-40 specialist, 3-in-one, GT85, X-14, 2000 flushes, carpet fresh, no vac, spot shot, 1001, lava, and solvol.