TD Asset Management Inc Has $3.78 Million Stock Position in WD-40 (NASDAQ:WDFC)

TD Asset Management Inc grew its stake in WD-40 (NASDAQ:WDFCFree Report) by 23.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,800 shares of the specialty chemicals company’s stock after buying an additional 3,000 shares during the quarter. TD Asset Management Inc owned 0.12% of WD-40 worth $3,777,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Fortis Capital Advisors LLC acquired a new position in shares of WD-40 in the fourth quarter valued at approximately $263,000. Quest Partners LLC acquired a new position in shares of WD-40 in the fourth quarter valued at approximately $253,000. Trexquant Investment LP boosted its holdings in shares of WD-40 by 90.1% in the fourth quarter. Trexquant Investment LP now owns 14,192 shares of the specialty chemicals company’s stock valued at $3,393,000 after buying an additional 6,726 shares during the period. Coldstream Capital Management Inc. acquired a new position in shares of WD-40 in the fourth quarter valued at approximately $293,000. Finally, PineStone Asset Management Inc. boosted its holdings in shares of WD-40 by 25.5% in the fourth quarter. PineStone Asset Management Inc. now owns 34,000 shares of the specialty chemicals company’s stock valued at $8,128,000 after buying an additional 6,900 shares during the period. Institutional investors and hedge funds own 91.52% of the company’s stock.

Wall Street Analyst Weigh In

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

Read Our Latest Stock Report on WDFC

Insiders Place Their Bets

In other news, CEO Steven A. Brass purchased 432 shares of the company’s stock in a transaction on Tuesday, April 16th. The shares were purchased at an average cost of $232.22 per share, with a total value of $100,319.04. Following the completion of the transaction, the chief executive officer now owns 20,547 shares of the company’s stock, valued at approximately $4,771,424.34. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, CEO Steven A. Brass purchased 432 shares of the company’s stock in a transaction on Tuesday, April 16th. The shares were purchased at an average cost of $232.22 per share, with a total value of $100,319.04. Following the completion of the transaction, the chief executive officer now owns 20,547 shares of the company’s stock, valued at approximately $4,771,424.34. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director David Pendarvis acquired 328 shares of the company’s stock in a transaction dated Friday, April 12th. The stock was bought at an average cost of $234.75 per share, for a total transaction of $76,998.00. Following the completion of the transaction, the director now directly owns 4,934 shares of the company’s stock, valued at $1,158,256.50. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 973 shares of company stock valued at $226,910. 0.65% of the stock is currently owned by corporate insiders.

WD-40 Stock Performance

Shares of WDFC stock opened at $226.53 on Friday. The company’s fifty day simple moving average is $234.54 and its 200-day simple moving average is $246.18. The company has a quick ratio of 1.56, a current ratio of 2.27 and a debt-to-equity ratio of 0.40. The firm has a market cap of $3.07 billion, a PE ratio of 45.22 and a beta of -0.07. WD-40 has a 12 month low of $182.53 and a 12 month high of $278.78.

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

WD-40 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Friday, April 19th were given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 1.55%. The ex-dividend date of this dividend was Thursday, April 18th. WD-40’s dividend payout ratio (DPR) is currently 70.26%.

WD-40 Profile

(Free Report)

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.

Read More

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

Receive News & Ratings for WD-40 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WD-40 and related companies with MarketBeat.com's FREE daily email newsletter.