KLP Kapitalforvaltning AS Acquires 100 Shares of WD-40 Company $WDFC

KLP Kapitalforvaltning AS lifted its position in WD-40 Company (NASDAQ:WDFC) by 3.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,900 shares of the specialty chemicals company’s stock after buying an additional 100 shares during the period. KLP Kapitalforvaltning AS’s holdings in WD-40 were worth $661,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of WDFC. Farther Finance Advisors LLC boosted its stake in shares of WD-40 by 420.0% in the 1st quarter. Farther Finance Advisors LLC now owns 156 shares of the specialty chemicals company’s stock worth $38,000 after buying an additional 126 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of WD-40 by 17.0% in the 1st quarter. GAMMA Investing LLC now owns 468 shares of the specialty chemicals company’s stock worth $114,000 after buying an additional 68 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of WD-40 by 36.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 1,830 shares of the specialty chemicals company’s stock worth $447,000 after buying an additional 491 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of WD-40 by 4.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 2,889 shares of the specialty chemicals company’s stock worth $705,000 after buying an additional 132 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. purchased a new position in shares of WD-40 in the 1st quarter worth $233,000. 91.52% of the stock is currently owned by hedge funds and other institutional investors.

WD-40 Price Performance

Shares of WD-40 stock opened at $194.48 on Friday. The stock’s 50-day simple moving average is $208.20 and its 200-day simple moving average is $223.10. WD-40 Company has a 52 week low of $188.43 and a 52 week high of $292.36. The company has a market capitalization of $2.63 billion, a price-to-earnings ratio of 30.63 and a beta of 0.09. The company has a quick ratio of 2.02, a current ratio of 2.84 and a debt-to-equity ratio of 0.33.

WD-40 Dividend Announcement

The company also recently announced 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 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Monday, October 20th. WD-40’s payout ratio is 59.21%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on WDFC shares. 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 note on Friday, July 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of WD-40 in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, WD-40 has an average rating of “Moderate Buy” and an average price target of $300.00.

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.