Allworth Financial LP Raises Position in WD-40 (NASDAQ:WDFC)

Allworth Financial LP increased its stake in shares of WD-40 (NASDAQ:WDFC) by 122.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 738 shares of the specialty chemicals company’s stock after purchasing an additional 406 shares during the quarter. Allworth Financial LP’s holdings in WD-40 were worth $176,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Arizona State Retirement System raised its stake in shares of WD-40 by 1.3% in the third quarter. Arizona State Retirement System now owns 3,861 shares of the specialty chemicals company’s stock valued at $785,000 after acquiring an additional 49 shares during the period. Cim Investment Management Inc. boosted its position in shares of WD-40 by 3.6% during the first quarter. Cim Investment Management Inc. now owns 1,534 shares of the specialty chemicals company’s stock valued at $273,000 after buying an additional 53 shares during the period. Commonwealth Equity Services LLC grew its stake in shares of WD-40 by 0.8% during the first quarter. Commonwealth Equity Services LLC now owns 7,783 shares of the specialty chemicals company’s stock valued at $1,385,000 after buying an additional 59 shares during the last quarter. Baird Financial Group Inc. raised its holdings in shares of WD-40 by 3.2% in the first quarter. Baird Financial Group Inc. now owns 2,075 shares of the specialty chemicals company’s stock worth $380,000 after buying an additional 65 shares during the period. Finally, First Republic Investment Management Inc. boosted its holdings in WD-40 by 0.9% during the 1st quarter. First Republic Investment Management Inc. now owns 7,399 shares of the specialty chemicals company’s stock valued at $1,317,000 after acquiring an additional 66 shares during the period. Hedge funds and other institutional investors own 91.52% of the company’s stock.

WD-40 Trading Up 3.6 %

Shares of NASDAQ WDFC opened at $241.51 on Friday. WD-40 has a twelve month low of $172.97 and a twelve month high of $278.78. The company has a quick ratio of 1.58, a current ratio of 2.27 and a debt-to-equity ratio of 0.40. The business has a fifty day simple moving average of $257.31 and a two-hundred day simple moving average of $240.27. The firm has a market cap of $3.27 billion, a PE ratio of 48.21 and a beta of -0.06.

WD-40 (NASDAQ:WDFC) last released its quarterly earnings data on Tuesday, April 9th. The specialty chemicals company reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.01. The company had revenue of $139.10 million during the quarter, compared to analyst estimates of $140.51 million. WD-40 had a net margin of 12.19% and a return on equity of 32.30%. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.21 earnings per share. Analysts expect that WD-40 will post 5.22 earnings per share for the current fiscal year.

WD-40 Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 19th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.46%. The ex-dividend date is Thursday, April 18th. WD-40’s payout ratio is 70.26%.

Wall Street Analysts Forecast Growth

Separately, DA Davidson reissued a “buy” rating and set a $313.00 target price on shares of WD-40 in a research note on Wednesday.

Insider Buying and Selling at WD-40

In related news, VP Jeffrey G. Lindeman purchased 182 shares of WD-40 stock in a transaction dated Monday, February 12th. The stock was purchased at an average cost of $272.42 per share, with a total value of $49,580.44. Following the transaction, the vice president now owns 3,073 shares in the company, valued at approximately $837,146.66. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.65% of the company’s stock.

WD-40 Profile

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