WD-40 (NASDAQ:WDFC) Shares Purchased by Private Advisor Group LLC

Private Advisor Group LLC grew its position in WD-40 (NASDAQ:WDFC) by 9.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,542 shares of the specialty chemicals company’s stock after acquiring an additional 138 shares during the quarter. Private Advisor Group LLC’s holdings in WD-40 were worth $398,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of WDFC. Allspring Global Investments Holdings LLC boosted its holdings in shares of WD-40 by 152.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,689 shares of the specialty chemicals company’s stock valued at $428,000 after acquiring an additional 1,020 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of WD-40 by 17.3% in the first quarter. BNP Paribas Financial Markets now owns 14,233 shares of the specialty chemicals company’s stock valued at $3,605,000 after acquiring an additional 2,096 shares during the period. Texas Permanent School Fund Corp boosted its holdings in shares of WD-40 by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 11,869 shares of the specialty chemicals company’s stock valued at $3,007,000 after acquiring an additional 157 shares during the period. Duality Advisers LP acquired a new stake in shares of WD-40 in the first quarter valued at approximately $896,000. Finally, Quantbot Technologies LP purchased a new stake in shares of WD-40 during the first quarter worth approximately $305,000. 91.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on WDFC shares. Jefferies Financial Group upped their price target on WD-40 from $250.00 to $280.00 and gave the stock a “hold” rating in a research note on Friday, October 18th. DA Davidson upped their price target on WD-40 from $303.00 to $322.00 and gave the stock a “buy” rating in a research note on Friday, October 18th.

WD-40 Price Performance

WD-40 stock opened at $274.02 on Wednesday. WD-40 has a 12 month low of $211.03 and a 12 month high of $278.78. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.47 and a quick ratio of 1.70. The business has a 50 day simple moving average of $259.86 and a 200-day simple moving average of $244.42. The stock has a market capitalization of $3.71 billion, a PE ratio of 53.62 and a beta of -0.08.

WD-40 (NASDAQ:WDFC) last released its quarterly earnings data on Thursday, October 17th. The specialty chemicals company reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.11). The business had revenue of $156.00 million during the quarter, compared to analysts’ expectations of $149.20 million. WD-40 had a return on equity of 31.53% and a net margin of 11.79%. The company’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.21 EPS. Equities analysts predict that WD-40 will post 5.36 earnings per share for the current year.

WD-40 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 18th were given a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.28%. The ex-dividend date was Friday, October 18th. WD-40’s payout ratio is 68.88%.

Insiders Place Their Bets

In other WD-40 news, Director William B. Noble sold 800 shares of the stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $256.98, for a total value of $205,584.00. Following the completion of the transaction, the director now owns 8,999 shares in the company, valued at approximately $2,312,563.02. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.65% of the stock is currently 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.