Aviva PLC Has $439,000 Stock Position in WD-40 Company $WDFC

Aviva PLC lessened its position in WD-40 Company (NASDAQ:WDFC) by 25.6% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 1,923 shares of the specialty chemicals company’s stock after selling 661 shares during the period. Aviva PLC’s holdings in WD-40 were worth $439,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Ameritas Advisory Services LLC bought a new position in shares of WD-40 in the 2nd quarter worth $30,000. Covestor Ltd raised its holdings in WD-40 by 49.3% during the first quarter. Covestor Ltd now owns 306 shares of the specialty chemicals company’s stock worth $75,000 after buying an additional 101 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its stake in shares of WD-40 by 17.0% in the first quarter. Caitong International Asset Management Co. Ltd now owns 522 shares of the specialty chemicals company’s stock valued at $127,000 after buying an additional 76 shares in the last quarter. State of Wyoming lifted its stake in shares of WD-40 by 22.2% in the first quarter. State of Wyoming now owns 566 shares of the specialty chemicals company’s stock valued at $138,000 after buying an additional 103 shares in the last quarter. Finally, Strs Ohio acquired a new position in shares of WD-40 during the first quarter valued at about $146,000. Institutional investors own 91.52% of the company’s stock.

Insider Activity

In related news, CEO Steven A. Brass bought 362 shares of the company’s stock in a transaction on Tuesday, October 28th. The shares were purchased at an average cost of $200.46 per share, for a total transaction of $72,566.52. Following the completion of the purchase, the chief executive officer directly owned 33,761 shares in the company, valued at $6,767,730.06. The trade was a 1.08% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director David Pendarvis purchased 523 shares of the firm’s stock in a transaction dated Thursday, October 30th. The shares were bought at an average price of $196.37 per share, with a total value of $102,701.51. Following the purchase, the director owned 5,862 shares in the company, valued at $1,151,120.94. The trade was a 9.80% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders bought 2,640 shares of company stock worth $522,765. 0.78% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c)” rating on shares of WD-40 in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $300.00.

WD-40 Stock Up 0.1%

WD-40 stock opened at $198.14 on Friday. WD-40 Company has a fifty-two week low of $187.40 and a fifty-two week high of $289.10. The company has a debt-to-equity ratio of 0.32, a quick ratio of 2.01 and a current ratio of 2.79. The firm’s 50-day simple moving average is $199.75 and its 200 day simple moving average is $219.20. The stock has a market cap of $2.68 billion, a PE ratio of 29.66 and a beta of 0.18.

WD-40 (NASDAQ:WDFC) last posted its earnings results on Wednesday, October 22nd. The specialty chemicals company reported $1.56 EPS for the quarter, topping the consensus estimate of $1.26 by $0.30. The firm had revenue of $163.47 million for the quarter, compared to analysts’ expectations of $153.90 million. WD-40 had a net margin of 14.68% and a return on equity of 31.84%. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.23 EPS. WD-40 has set its FY 2025 guidance at 5.750-6.150 EPS. Research analysts predict that WD-40 Company will post 5.42 EPS for the current fiscal year.

WD-40 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Monday, October 20th were given a dividend of $0.94 per share. The ex-dividend date of this dividend was Monday, October 20th. This represents a $3.76 annualized dividend and a dividend yield of 1.9%. WD-40’s dividend payout ratio (DPR) is currently 56.29%.

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.