LPL Financial LLC Buys 987 Shares of WD-40 Company $WDFC

LPL Financial LLC boosted its stake in WD-40 Company (NASDAQ:WDFC) by 10.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,390 shares of the specialty chemicals company’s stock after purchasing an additional 987 shares during the quarter. LPL Financial LLC owned approximately 0.08% of WD-40 worth $2,535,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in WDFC. GAMMA Investing LLC boosted its position in shares of WD-40 by 28,448.0% in the first quarter. GAMMA Investing LLC now owns 114,192 shares of the specialty chemicals company’s stock valued at $27,863,000 after acquiring an additional 113,792 shares during the period. Millennium Management LLC lifted its stake in WD-40 by 206.9% in the 4th quarter. Millennium Management LLC now owns 158,156 shares of the specialty chemicals company’s stock worth $38,381,000 after purchasing an additional 106,617 shares in the last quarter. Raymond James Financial Inc. bought a new position in WD-40 in the 4th quarter valued at $17,903,000. GCQ FUNDS MANAGEMENT PTY Ltd grew its position in shares of WD-40 by 245.0% during the 1st quarter. GCQ FUNDS MANAGEMENT PTY Ltd now owns 64,423 shares of the specialty chemicals company’s stock valued at $15,719,000 after purchasing an additional 45,747 shares in the last quarter. Finally, Balyasny Asset Management L.P. purchased a new position in shares of WD-40 during the 4th quarter valued at $10,179,000. Hedge funds and other institutional investors own 91.52% of the company’s stock.

WD-40 Stock Down 0.5%

Shares of NASDAQ WDFC opened at $218.81 on Tuesday. The company has a current ratio of 2.84, a quick ratio of 2.02 and a debt-to-equity ratio of 0.33. The business has a 50-day moving average of $226.90 and a 200-day moving average of $232.48. The firm has a market capitalization of $2.96 billion, a price-to-earnings ratio of 34.46 and a beta of 0.15. WD-40 Company has a 12 month low of $208.00 and a 12 month high of $292.36.

WD-40 (NASDAQ:WDFC) last announced its earnings results on Thursday, July 10th. The specialty chemicals company reported $1.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.14. The business had revenue of $156.92 million during the quarter, compared to analyst estimates 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 period in the previous year, the business posted $1.46 earnings per share. Sell-side analysts expect that WD-40 Company will post 5.42 earnings per share for the current fiscal year.

WD-40 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Friday, July 18th were paid a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Friday, July 18th. WD-40’s dividend payout ratio is currently 59.21%.

Wall Street Analysts Forecast Growth

Separately, DA Davidson lowered their price objective on WD-40 from $322.00 to $300.00 and set a “buy” rating on the stock in a research report on Friday, July 11th.

WD-40 Company 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.