Stratos Wealth Partners LTD. Has $256,000 Position in WD-40 Company (NASDAQ:WDFC)

Stratos Wealth Partners LTD. lifted its stake in shares of WD-40 Company (NASDAQ:WDFC) by 4.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,048 shares of the specialty chemicals company’s stock after acquiring an additional 48 shares during the period. Stratos Wealth Partners LTD.’s holdings in WD-40 were worth $256,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of WDFC. Norges Bank purchased a new stake in shares of WD-40 in the fourth quarter valued at about $54,571,000. GAMMA Investing LLC grew its position in WD-40 by 28,448.0% during the first quarter. GAMMA Investing LLC now owns 114,192 shares of the specialty chemicals company’s stock valued at $27,863,000 after buying an additional 113,792 shares during the period. Millennium Management LLC increased its holdings in WD-40 by 206.9% during the fourth quarter. Millennium Management LLC now owns 158,156 shares of the specialty chemicals company’s stock worth $38,381,000 after buying an additional 106,617 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in WD-40 during the fourth quarter worth about $17,903,000. Finally, GCQ FUNDS MANAGEMENT PTY Ltd increased its holdings in WD-40 by 245.0% during the first quarter. GCQ FUNDS MANAGEMENT PTY Ltd now owns 64,423 shares of the specialty chemicals company’s stock worth $15,719,000 after buying an additional 45,747 shares during the last quarter. Institutional investors and hedge funds own 91.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, DA Davidson decreased their price objective on shares of WD-40 from $322.00 to $300.00 and set a “buy” rating for the company in a report on Friday, July 11th.

WD-40 Price Performance

Shares of NASDAQ:WDFC opened at $225.33 on Thursday. The company has a quick ratio of 2.02, a current ratio of 2.84 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $3.05 billion, a PE ratio of 35.49 and a beta of 0.14. WD-40 Company has a twelve month low of $208.00 and a twelve month high of $292.36. The company has a 50-day moving average price of $238.29 and a two-hundred day moving average price of $235.35.

WD-40 (NASDAQ:WDFC) last issued its quarterly earnings data on Thursday, July 10th. The specialty chemicals company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.40 by $0.14. The company had revenue of $156.92 million during the quarter, compared to analysts’ expectations of $160.60 million. WD-40 had a net margin of 14.13% and a return on equity of 31.23%. WD-40’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.46 earnings per share. Equities analysts forecast that WD-40 Company will post 5.42 EPS for the current year.

WD-40 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Friday, July 18th will be given a dividend of $0.94 per share. The ex-dividend date of this dividend is Friday, July 18th. This represents a $3.76 annualized dividend and a yield of 1.67%. WD-40’s payout ratio is presently 59.21%.

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.