WD-40 (NASDAQ:WDFC) Shares Sold by Avior Wealth Management LLC

Avior Wealth Management LLC reduced its stake in shares of WD-40 (NASDAQ:WDFC - Free Report) by 33.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,164 shares of the specialty chemicals company's stock after selling 2,073 shares during the period. Avior Wealth Management LLC's holdings in WD-40 were worth $1,011,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Janney Montgomery Scott LLC grew its holdings in shares of WD-40 by 19.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 2,757 shares of the specialty chemicals company's stock valued at $669,000 after purchasing an additional 450 shares during the period. GAMMA Investing LLC grew its stake in shares of WD-40 by 23.1% in the 4th quarter. GAMMA Investing LLC now owns 400 shares of the specialty chemicals company's stock valued at $97,000 after buying an additional 75 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of WD-40 by 24.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 53,950 shares of the specialty chemicals company's stock worth $13,913,000 after buying an additional 10,711 shares during the last quarter. Wilmington Savings Fund Society FSB raised its position in shares of WD-40 by 365.5% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 4,841 shares of the specialty chemicals company's stock valued at $1,248,000 after buying an additional 3,801 shares during the period. Finally, Sanctuary Advisors LLC raised its position in shares of WD-40 by 30.4% during the 3rd quarter. Sanctuary Advisors LLC now owns 1,881 shares of the specialty chemicals company's stock valued at $534,000 after buying an additional 438 shares during the period. 91.52% of the stock is currently owned by hedge funds and other institutional investors.

WD-40 Trading Up 0.8 %

Shares of WDFC stock traded up $1.76 during trading hours on Friday, hitting $233.09. The company had a trading volume of 77,311 shares, compared to its average volume of 99,430. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.44 and a quick ratio of 1.75. The stock has a market capitalization of $3.16 billion, a PE ratio of 44.65 and a beta of -0.04. The company's fifty day moving average is $254.96 and its 200 day moving average is $257.33. WD-40 has a fifty-two week low of $211.03 and a fifty-two week high of $292.36.

WD-40 (NASDAQ:WDFC - Get Free Report) last released its quarterly earnings results on Friday, January 10th. The specialty chemicals company reported $1.39 EPS for the quarter, topping analysts' consensus estimates of $1.29 by $0.10. WD-40 had a return on equity of 31.68% and a net margin of 11.78%. The company had revenue of $153.30 million for the quarter, compared to analysts' expectations of $147.40 million. During the same period in the prior year, the firm earned $1.28 earnings per share. The firm's revenue was up 9.2% compared to the same quarter last year. Research analysts expect that WD-40 will post 5.36 earnings per share for the current fiscal year.

WD-40 Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 1.61%. The ex-dividend date is Friday, January 17th. This is a boost from WD-40's previous quarterly dividend of $0.88. WD-40's dividend payout ratio is currently 72.03%.

Insider Activity

In other news, Director William B. Noble sold 1,000 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $289.70, for a total value of $289,700.00. Following the sale, the director now directly owns 7,999 shares in the company, valued at approximately $2,317,310.30. This trade represents a 11.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.75% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. DA Davidson reissued a "buy" rating and set a $322.00 target price on shares of WD-40 in a research note on Tuesday. Jefferies Financial Group raised their price objective on WD-40 from $250.00 to $280.00 and gave the stock a "hold" rating in a research report on Friday, October 18th.

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.