Belpointe Asset Management LLC Takes $263,000 Position in WD-40 (NASDAQ:WDFC)

Belpointe Asset Management LLC acquired a new stake in shares of WD-40 (NASDAQ:WDFCFree Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,100 shares of the specialty chemicals company’s stock, valued at approximately $263,000.

Several other large investors also recently made changes to their positions in the business. State Board of Administration of Florida Retirement System boosted its position in shares of WD-40 by 2.0% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 3,932 shares of the specialty chemicals company’s stock valued at $799,000 after purchasing an additional 78 shares in the last quarter. Stokes Family Office LLC boosted its holdings in shares of WD-40 by 7.8% in the third quarter. Stokes Family Office LLC now owns 1,156 shares of the specialty chemicals company’s stock worth $235,000 after buying an additional 84 shares during the period. New York State Common Retirement Fund boosted its holdings in shares of WD-40 by 1.4% in the fourth quarter. New York State Common Retirement Fund now owns 7,268 shares of the specialty chemicals company’s stock worth $1,738,000 after buying an additional 99 shares during the period. Quadrant Capital Group LLC boosted its holdings in shares of WD-40 by 33.8% in the fourth quarter. Quadrant Capital Group LLC now owns 515 shares of the specialty chemicals company’s stock worth $123,000 after buying an additional 130 shares during the period. Finally, Yousif Capital Management LLC boosted its holdings in shares of WD-40 by 2.2% in the fourth quarter. Yousif Capital Management LLC now owns 6,844 shares of the specialty chemicals company’s stock worth $1,636,000 after buying an additional 146 shares during the period. Institutional investors own 91.52% of the company’s stock.

WD-40 Stock Performance

Shares of WDFC opened at $224.39 on Friday. WD-40 has a one year low of $182.53 and a one year high of $278.78. The company has a 50-day moving average of $233.96 and a two-hundred day moving average of $246.18. The stock has a market cap of $3.04 billion, a price-to-earnings ratio of 44.79 and a beta of -0.07. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.27 and a quick ratio of 1.56.

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 analysts’ consensus estimates of $1.13 by $0.01. The business 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 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. On average, equities research analysts expect that WD-40 will post 5.22 earnings per share for the current year.

WD-40 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Stockholders of record on Friday, April 19th were given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend was Thursday, April 18th. WD-40’s dividend payout ratio (DPR) is 70.26%.

Wall Street Analysts Forecast Growth

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

Get Our Latest Research Report on WDFC

Insider Transactions at WD-40

In related news, CEO Steven A. Brass purchased 432 shares of WD-40 stock in a transaction dated Tuesday, April 16th. The stock was acquired 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 directly owns 20,547 shares of the company’s stock, valued at $4,771,424.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other WD-40 news, CFO Sara Kathleen Hyzer bought 213 shares of WD-40 stock in a transaction on Thursday, May 9th. The stock was purchased at an average cost of $232.83 per share, for a total transaction of $49,592.79. Following the completion of the purchase, the chief financial officer now directly owns 2,676 shares of the company’s stock, valued at $623,053.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Steven A. Brass bought 432 shares of WD-40 stock in a transaction on Tuesday, April 16th. The stock was acquired at an average price of $232.22 per share, with a total value of $100,319.04. Following the completion of the purchase, the chief executive officer now directly owns 20,547 shares of the company’s stock, valued at $4,771,424.34. The disclosure for this purchase can be found here. Insiders purchased 973 shares of company stock valued at $226,910 over the last three months. 0.65% of the stock is owned by corporate insiders.

About WD-40

(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.

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

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