Algert Global LLC Grows Stock Position in WD-40 (NASDAQ:WDFC)

Algert Global LLC grew its position in shares of WD-40 (NASDAQ:WDFC - Free Report) by 73.0% during the third quarter, according to its most recent filing with the SEC. The firm owned 8,340 shares of the specialty chemicals company's stock after acquiring an additional 3,520 shares during the period. Algert Global LLC owned about 0.06% of WD-40 worth $2,151,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in WDFC. Russell Investments Group Ltd. grew its holdings in WD-40 by 1,648.9% in the first quarter. Russell Investments Group Ltd. now owns 822 shares of the specialty chemicals company's stock worth $208,000 after purchasing an additional 775 shares during the period. CANADA LIFE ASSURANCE Co raised its position in shares of WD-40 by 4.5% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 13,794 shares of the specialty chemicals company's stock worth $3,494,000 after purchasing an additional 598 shares during the last quarter. Advisors Asset Management Inc. bought a new position in WD-40 in the 1st quarter worth about $43,000. Price T Rowe Associates Inc. MD grew its position in WD-40 by 3.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 9,453 shares of the specialty chemicals company's stock valued at $2,395,000 after purchasing an additional 298 shares during the last quarter. Finally, Bayesian Capital Management LP purchased a new position in WD-40 in the first quarter worth about $704,000. Institutional investors own 91.52% of the company's stock.

Insider Activity at WD-40

In related news, Director William B. Noble sold 1,000 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $289.70, for a total transaction of $289,700.00. Following the completion of the transaction, the director now directly owns 7,999 shares of the company's stock, valued at approximately $2,317,310.30. This represents a 11.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.75% of the stock is owned by corporate insiders.

WD-40 Stock Performance

Shares of WDFC stock traded down $2.10 during trading hours on Wednesday, reaching $278.17. The company had a trading volume of 26,447 shares, compared to its average volume of 104,915. The firm has a market cap of $3.77 billion, a PE ratio of 54.85 and a beta of -0.08. The business has a fifty day moving average price of $266.37 and a 200-day moving average price of $249.88. WD-40 has a one year low of $211.03 and a one year high of $292.36. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.70 and a current ratio of 2.47.

WD-40 (NASDAQ:WDFC - Get Free Report) last announced its earnings results on Thursday, October 17th. The specialty chemicals company reported $1.23 EPS for the quarter, missing analysts' consensus estimates of $1.34 by ($0.11). The business had revenue of $156.00 million for the quarter, compared to analysts' expectations of $149.20 million. WD-40 had a net margin of 11.79% and a return on equity of 31.53%. The firm's quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.21 earnings per share. Sell-side analysts predict that WD-40 will post 5.36 earnings per share for the current fiscal year.

WD-40 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 18th were paid a $0.88 dividend. The ex-dividend date of this dividend was Friday, October 18th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.27%. WD-40's dividend payout ratio (DPR) is presently 68.88%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on WDFC shares. DA Davidson reiterated a "buy" rating and set a $322.00 price target on shares of WD-40 in a report on Monday, November 18th. Jefferies Financial Group lifted their target price on WD-40 from $250.00 to $280.00 and gave the stock a "hold" rating in a report on Friday, October 18th.

About WD-40

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.