Radnor Capital Management LLC Invests $1.96 Million in WD-40 (NASDAQ:WDFC)

Radnor Capital Management LLC bought a new position in WD-40 (NASDAQ:WDFC - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 7,600 shares of the specialty chemicals company's stock, valued at approximately $1,960,000. Radnor Capital Management LLC owned approximately 0.06% of WD-40 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Acadian Asset Management LLC lifted its holdings in shares of WD-40 by 1,131.2% during the first quarter. Acadian Asset Management LLC now owns 4,063 shares of the specialty chemicals company's stock valued at $1,023,000 after purchasing an additional 3,733 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of WD-40 by 0.4% during the first quarter. Vanguard Group Inc. now owns 1,623,994 shares of the specialty chemicals company's stock valued at $411,374,000 after purchasing an additional 6,532 shares in the last quarter. Jupiter Asset Management Ltd. bought a new position in shares of WD-40 during the first quarter valued at $20,491,000. Lord Abbett & CO. LLC bought a new position in shares of WD-40 during the first quarter valued at $4,180,000. Finally, Quest Partners LLC bought a new position in shares of WD-40 during the second quarter valued at $547,000. 91.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

WDFC has been the subject of a number of research reports. Jefferies Financial Group upped their price objective on WD-40 from $250.00 to $280.00 and gave the company a "hold" rating in a research report on Friday, October 18th. DA Davidson upped their price objective on WD-40 from $303.00 to $322.00 and gave the company a "buy" rating in a research report on Friday, October 18th.

Insider Transactions at WD-40

In other news, Director William B. Noble sold 800 shares of the company's stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $256.98, for a total value of $205,584.00. Following the completion of the transaction, the director now owns 8,999 shares of the company's stock, valued at $2,312,563.02. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.65% of the company's stock.

WD-40 Stock Performance

WD-40 stock traded up $2.85 during mid-day trading on Wednesday, reaching $276.87. 154,396 shares of the stock traded hands, compared to its average volume of 107,167. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.47 and a quick ratio of 1.70. The business's 50-day moving average is $259.86 and its 200-day moving average is $244.42. The stock has a market capitalization of $3.75 billion, a PE ratio of 53.62 and a beta of -0.08. WD-40 has a 12-month low of $211.03 and a 12-month high of $286.74.

WD-40 (NASDAQ:WDFC - Get Free Report) last issued its quarterly 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 company had revenue of $156.00 million during the quarter, compared to analysts' expectations of $149.20 million. WD-40 had a return on equity of 31.53% and a net margin of 11.79%. The business's quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.21 EPS. As a group, sell-side analysts predict that WD-40 will post 5.36 EPS for the current fiscal year.

WD-40 Announces Dividend

The firm 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. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend was Friday, October 18th. WD-40's dividend payout ratio (DPR) is 68.88%.

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.