Stratos Wealth Partners LTD. Takes $214,000 Position in WD-40 (NASDAQ:WDFC)

Stratos Wealth Partners LTD. bought a new position in shares of WD-40 (NASDAQ:WDFC) in the fourth quarter, HoldingsChannel reports. The firm bought 896 shares of the specialty chemicals company’s stock, valued at approximately $214,000.

A number of other large investors have also bought and sold shares of the business. Allworth Financial LP boosted its position in WD-40 by 122.3% during the 4th quarter. Allworth Financial LP now owns 738 shares of the specialty chemicals company’s stock worth $176,000 after acquiring an additional 406 shares during the last quarter. Trust Point Inc. acquired a new position in WD-40 during the 4th quarter worth approximately $311,000. Pacer Advisors Inc. acquired a new position in WD-40 during the 4th quarter worth approximately $56,000. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of WD-40 in the 4th quarter valued at approximately $392,000. Finally, Profit Investment Management LLC acquired a new stake in shares of WD-40 in the 4th quarter valued at approximately $2,892,000. 91.52% of the stock is owned by institutional investors.

WD-40 Stock Down 1.3 %

WDFC opened at $231.92 on Wednesday. WD-40 has a 1-year low of $181.38 and a 1-year high of $278.78. The stock’s fifty day simple moving average is $256.18 and its 200 day simple moving average is $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. The stock has a market cap of $3.14 billion, a PE ratio of 46.29 and a beta of -0.06.

WD-40 (NASDAQ:WDFC) last posted its quarterly earnings results 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. WD-40 had a return on equity of 32.30% and a net margin of 12.19%. The business had revenue of $139.10 million for the quarter, compared to analysts’ expectations of $140.51 million. During the same quarter in the prior year, the business earned $1.21 EPS. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. As a group, research analysts expect that WD-40 will post 5.22 earnings per share for the current year.

WD-40 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 19th will be paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date is Thursday, April 18th. WD-40’s dividend payout ratio (DPR) is presently 70.26%.

Analyst Ratings Changes

Separately, DA Davidson reissued a “buy” rating and issued a $313.00 price objective on shares of WD-40 in a report on Wednesday, April 10th.

Insider Activity at WD-40

In other WD-40 news, VP Jeffrey G. Lindeman purchased 182 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were acquired 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 $837,146.66. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director David Pendarvis acquired 328 shares of the stock in a transaction on Friday, April 12th. The shares were purchased at an average price of $234.75 per share, for a total transaction of $76,998.00. Following the transaction, the director now directly owns 4,934 shares of the company’s stock, valued at $1,158,256.50. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Jeffrey G. Lindeman acquired 182 shares of the stock in a transaction on Monday, February 12th. The shares were purchased at an average price of $272.42 per share, for a total transaction of $49,580.44. Following the transaction, the vice president now directly owns 3,073 shares in the company, valued at $837,146.66. The disclosure for this purchase can be found here. 0.65% of the stock is owned by company insiders.

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.