Wealthfront Advisers LLC Makes New $644,000 Investment in WD-40 (NASDAQ:WDFC)

Wealthfront Advisers LLC bought a new position in shares of WD-40 (NASDAQ:WDFC - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,533 shares of the specialty chemicals company's stock, valued at approximately $644,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WDFC. SRS Capital Advisors Inc. boosted its position in shares of WD-40 by 525.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 194 shares of the specialty chemicals company's stock valued at $47,000 after acquiring an additional 163 shares during the period. GAMMA Investing LLC boosted its position in shares of WD-40 by 23.1% in the fourth quarter. GAMMA Investing LLC now owns 400 shares of the specialty chemicals company's stock valued at $97,000 after acquiring an additional 75 shares during the period. KBC Group NV raised its stake in WD-40 by 28.6% in the third quarter. KBC Group NV now owns 445 shares of the specialty chemicals company's stock valued at $115,000 after purchasing an additional 99 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. raised its stake in WD-40 by 77.9% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 475 shares of the specialty chemicals company's stock valued at $122,000 after purchasing an additional 208 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC raised its stake in WD-40 by 70.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 566 shares of the specialty chemicals company's stock valued at $137,000 after purchasing an additional 233 shares in the last quarter. Institutional investors own 91.52% of the company's stock.

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Analyst Upgrades and Downgrades

Separately, DA Davidson reaffirmed a "buy" rating and issued a $322.00 target price on shares of WD-40 in a research note on Monday, January 27th.

WD-40 Price Performance

WDFC traded down $3.77 on Thursday, reaching $235.94. The company had a trading volume of 78,340 shares, compared to its average volume of 98,667. The business has a 50 day simple moving average of $235.88 and a 200 day simple moving average of $253.26. The company has a market cap of $3.20 billion, a price-to-earnings ratio of 45.20 and a beta of -0.10. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.75 and a current ratio of 2.44. WD-40 has a 52-week low of $211.03 and a 52-week high of $292.36.

WD-40 (NASDAQ:WDFC - Get Free Report) last posted its quarterly earnings results on Friday, January 10th. The specialty chemicals company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.29 by $0.10. The firm had revenue of $153.30 million for the quarter, compared to the consensus estimate of $147.40 million. WD-40 had a net margin of 11.78% and a return on equity of 31.68%. The business's revenue was up 9.2% compared to the same quarter last year. During the same period last year, the firm posted $1.28 earnings per share. As a group, sell-side analysts anticipate that WD-40 will post 5.42 EPS for the current year.

WD-40 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 18th will be paid a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 1.59%. The ex-dividend date is Thursday, April 17th. WD-40's dividend payout ratio (DPR) is presently 72.03%.

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.