Nisa Investment Advisors LLC Lowers Stock Position in WD-40 (NASDAQ:WDFC)

Nisa Investment Advisors LLC cut its stake in shares of WD-40 (NASDAQ:WDFC) by 1.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,914 shares of the specialty chemicals company’s stock after selling 50 shares during the period. Nisa Investment Advisors LLC’s holdings in WD-40 were worth $697,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Quantbot Technologies LP purchased a new stake in WD-40 during the 2nd quarter worth $44,000. Pacer Advisors Inc. purchased a new stake in WD-40 during the 4th quarter worth $56,000. Dark Forest Capital Management LP purchased a new stake in WD-40 during the 1st quarter worth $53,000. State of Wyoming boosted its position in WD-40 by 122.7% during the 2nd quarter. State of Wyoming now owns 334 shares of the specialty chemicals company’s stock worth $63,000 after purchasing an additional 184 shares during the period. Finally, Lazard Asset Management LLC boosted its position in WD-40 by 1,805.3% during the 4th quarter. Lazard Asset Management LLC now owns 362 shares of the specialty chemicals company’s stock worth $58,000 after purchasing an additional 343 shares during the period. 91.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, DA Davidson reaffirmed a “buy” rating and set a $313.00 price target on shares of WD-40 in a research report on Wednesday, April 10th.

WD-40 Stock Down 1.3 %

Shares of WD-40 stock opened at $231.92 on Wednesday. The company has a fifty day moving average price of $256.18 and a 200 day moving average price of $241.31. The company has a current ratio of 2.27, a quick ratio of 1.56 and a debt-to-equity ratio of 0.40. WD-40 has a twelve month low of $181.38 and a twelve month high of $278.78. The stock has a market cap of $3.14 billion, a price-to-earnings ratio of 46.29 and a beta of -0.06.

WD-40 (NASDAQ:WDFC) last posted its quarterly earnings data on Tuesday, April 9th. The specialty chemicals company reported $1.14 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.01. The company had revenue of $139.10 million during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the prior year, the company posted $1.21 EPS. Equities research analysts forecast that WD-40 will post 5.22 earnings per share for the current fiscal year.

WD-40 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 19th will be given a $0.88 dividend. The ex-dividend date is Thursday, April 18th. This represents a $3.52 dividend on an annualized basis and a yield of 1.52%. WD-40’s payout ratio is currently 70.26%.

Insider Buying and Selling at WD-40

In other news, VP Jeffrey G. Lindeman acquired 182 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was bought at an average cost of $272.42 per share, with a total value of $49,580.44. Following the transaction, the vice president now directly owns 3,073 shares in the company, valued at approximately $837,146.66. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director David Pendarvis bought 328 shares of the business’s stock in a transaction dated Friday, April 12th. The shares were acquired at an average price of $234.75 per share, for a total transaction of $76,998.00. Following the purchase, the director now owns 4,934 shares in the company, valued at approximately $1,158,256.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Jeffrey G. Lindeman bought 182 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was bought at an average price of $272.42 per share, for a total transaction of $49,580.44. Following the purchase, the vice president now owns 3,073 shares in the company, valued at approximately $837,146.66. The disclosure for this purchase can be found here. 0.65% of the stock is currently owned by corporate insiders.

WD-40 Company 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.