Ameritas Advisory Services LLC Makes New Investment in WD-40 Company $WDFC

Ameritas Advisory Services LLC acquired a new position in WD-40 Company (NASDAQ:WDFC) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 133 shares of the specialty chemicals company’s stock, valued at approximately $30,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. HB Wealth Management LLC purchased a new position in shares of WD-40 in the 2nd quarter worth about $209,000. State of Alaska Department of Revenue boosted its stake in WD-40 by 7.3% in the second quarter. State of Alaska Department of Revenue now owns 8,068 shares of the specialty chemicals company’s stock valued at $1,839,000 after acquiring an additional 550 shares during the last quarter. PineStone Asset Management Inc. boosted its stake in WD-40 by 7.1% in the second quarter. PineStone Asset Management Inc. now owns 43,610 shares of the specialty chemicals company’s stock valued at $9,947,000 after acquiring an additional 2,910 shares during the last quarter. GAMMA Investing LLC boosted its stake in WD-40 by 44.2% in the second quarter. GAMMA Investing LLC now owns 675 shares of the specialty chemicals company’s stock valued at $154,000 after acquiring an additional 207 shares during the last quarter. Finally, Exchange Traded Concepts LLC lifted its stake in WD-40 by 4.3% in the second quarter. Exchange Traded Concepts LLC now owns 8,027 shares of the specialty chemicals company’s stock valued at $1,831,000 after purchasing an additional 334 shares during the last quarter. 91.52% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on WDFC. Weiss Ratings reiterated a “hold (c)” rating on shares of WD-40 in a research note on Wednesday, October 8th. DA Davidson dropped their price target 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. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, WD-40 presently has a consensus rating of “Hold” and an average price target of $290.00.

WD-40 Trading Down 0.4%

NASDAQ:WDFC opened at $190.43 on Thursday. The company has a market cap of $2.58 billion, a P/E ratio of 29.99 and a beta of 0.09. The stock’s fifty day moving average price is $209.32 and its two-hundred day moving average price is $223.83. WD-40 Company has a 1 year low of $189.04 and a 1 year high of $292.36. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.84 and a quick ratio of 2.02.

WD-40 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, October 20th will be issued a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Monday, October 20th. WD-40’s dividend payout ratio is presently 59.21%.

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.