WD-40 (NASDAQ:WDFC) Stake Boosted by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of WD-40 (NASDAQ:WDFC - Free Report) by 13.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,211 shares of the specialty chemicals company's stock after buying an additional 4,394 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.27% of WD-40 worth $9,338,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new position in WD-40 during the third quarter worth $29,000. Covestor Ltd lifted its stake in WD-40 by 41.3% during the third quarter. Covestor Ltd now owns 226 shares of the specialty chemicals company's stock worth $58,000 after purchasing an additional 66 shares during the last quarter. Blue Trust Inc. bought a new position in WD-40 during the second quarter worth $67,000. GAMMA Investing LLC lifted its stake in WD-40 by 34.9% during the third quarter. GAMMA Investing LLC now owns 325 shares of the specialty chemicals company's stock worth $84,000 after purchasing an additional 84 shares during the last quarter. Finally, CWM LLC lifted its stake in WD-40 by 41.2% during the second quarter. CWM LLC now owns 463 shares of the specialty chemicals company's stock worth $102,000 after purchasing an additional 135 shares during the last quarter. 91.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Insider Activity

In related news, Director William B. Noble sold 800 shares of WD-40 stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $256.98, for a total transaction of $205,584.00. Following the transaction, the director now directly owns 8,999 shares of the company's stock, valued at $2,312,563.02. The trade was a 8.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.75% of the company's stock.

WD-40 Stock Performance

WDFC stock traded down $3.60 during mid-day trading on Monday, reaching $270.21. The company had a trading volume of 68,455 shares, compared to its average volume of 104,924. The company has a quick ratio of 1.70, a current ratio of 2.47 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $3.66 billion, a P/E ratio of 52.88 and a beta of -0.07. WD-40 has a one year low of $211.03 and a one year high of $292.36. The stock's 50-day simple moving average is $269.45 and its two-hundred day simple moving average is $252.28.

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 business had revenue of $156.00 million for the quarter, compared to analyst estimates of $149.20 million. WD-40 had a net margin of 11.79% and a return on equity of 31.53%. WD-40's revenue for the quarter was up 11.0% on a year-over-year basis. During the same period last year, the business posted $1.21 earnings per share. Research analysts anticipate that WD-40 will post 5.36 EPS for the current year.

WD-40 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 18th were issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.30%. 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.