Radnor Capital Management LLC Lowers Stock Position in WD-40 (NASDAQ:WDFC)

Radnor Capital Management LLC lowered its holdings in shares of WD-40 (NASDAQ:WDFC - Free Report) by 50.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,800 shares of the specialty chemicals company's stock after selling 3,800 shares during the period. Radnor Capital Management LLC's holdings in WD-40 were worth $922,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. DekaBank Deutsche Girozentrale raised its position in shares of WD-40 by 240.9% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 467 shares of the specialty chemicals company's stock worth $103,000 after purchasing an additional 330 shares during the last quarter. Oppenheimer Asset Management Inc. grew its holdings in shares of WD-40 by 10.9% during the second quarter. Oppenheimer Asset Management Inc. now owns 1,489 shares of the specialty chemicals company's stock valued at $327,000 after buying an additional 146 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of WD-40 by 11.8% during the second quarter. Envestnet Asset Management Inc. now owns 60,925 shares of the specialty chemicals company's stock valued at $13,382,000 after acquiring an additional 6,434 shares in the last quarter. WINTON GROUP Ltd raised its holdings in WD-40 by 13.9% in the 2nd quarter. WINTON GROUP Ltd now owns 4,050 shares of the specialty chemicals company's stock worth $890,000 after acquiring an additional 493 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in WD-40 by 2.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 307,097 shares of the specialty chemicals company's stock valued at $67,452,000 after acquiring an additional 5,893 shares in the last quarter. Hedge funds and other institutional investors own 91.52% of the company's stock.

Insider Buying and Selling at WD-40

In other WD-40 news, Director William B. Noble sold 1,000 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $289.70, for a total value of $289,700.00. Following the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.75% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on WDFC. 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. DA Davidson reiterated a "buy" rating and issued a $322.00 price objective on shares of WD-40 in a report on Monday, November 18th.

WD-40 Stock Performance

WD-40 stock traded up $0.14 during midday trading on Thursday, reaching $229.53. 4,483 shares of the company traded hands, compared to its average volume of 138,264. WD-40 has a 12 month low of $211.03 and a 12 month high of $292.36. 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 has a 50 day moving average of $261.89 and a two-hundred day moving average of $256.58. The firm has a market capitalization of $3.11 billion, a price-to-earnings ratio of 43.97 and a beta of -0.04.

WD-40 (NASDAQ:WDFC - Get Free Report) last released its quarterly earnings results on Friday, January 10th. The specialty chemicals company reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.10. WD-40 had a return on equity of 31.53% and a net margin of 11.79%. The firm 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 EPS. The company's revenue was up 9.2% compared to the same quarter last year. As a group, research analysts predict that WD-40 will post 5.36 earnings per share for the current year.

WD-40 Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 17th will be given a $0.94 dividend. This represents a $3.76 annualized dividend and a yield of 1.64%. This is a boost from WD-40's previous quarterly dividend of $0.88. The ex-dividend date is Friday, January 17th. WD-40's dividend payout ratio (DPR) is presently 67.43%.

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.