Wilmington Savings Fund Society FSB raised its position in WD-40 (NASDAQ:WDFC - Free Report) by 365.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,841 shares of the specialty chemicals company's stock after purchasing an additional 3,801 shares during the quarter. Wilmington Savings Fund Society FSB's holdings in WD-40 were worth $1,248,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the company. Coldstream Capital Management Inc. raised its holdings in shares of WD-40 by 3.3% during the 3rd quarter. Coldstream Capital Management Inc. now owns 1,243 shares of the specialty chemicals company's stock valued at $321,000 after buying an additional 40 shares during the period. Covestor Ltd increased its holdings in WD-40 by 41.3% during the 3rd 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. Arizona State Retirement System increased its holdings in WD-40 by 1.8% during the 2nd quarter. Arizona State Retirement System now owns 3,794 shares of the specialty chemicals company's stock worth $833,000 after purchasing an additional 68 shares during the last quarter. GAMMA Investing LLC increased its holdings in WD-40 by 34.9% during the 3rd 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, Blue Trust Inc. increased its holdings in WD-40 by 28.9% during the 3rd quarter. Blue Trust Inc. now owns 393 shares of the specialty chemicals company's stock worth $101,000 after purchasing an additional 88 shares during the last quarter. 91.52% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
WDFC has been the subject of several research reports. DA Davidson reiterated a "buy" rating and issued a $322.00 target price on shares of WD-40 in a research report on Monday, November 18th. 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 research report on Friday, October 18th.
Read Our Latest Stock Analysis on WD-40
Insider Buying and Selling
In other news, Director William B. Noble sold 1,000 shares of the company's stock in a transaction that occurred 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 represents a 11.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.75% of the stock is owned by insiders.
WD-40 Stock Performance
WD-40 stock traded down $4.96 during mid-day trading on Friday, hitting $266.54. 57,536 shares of the company's stock traded hands, compared to its average volume of 80,273. The firm has a 50 day moving average price of $270.51 and a 200 day moving average price of $253.44. 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 company has a market cap of $3.61 billion, a PE ratio of 52.16 and a beta of -0.07. WD-40 has a one year low of $211.03 and a one year high of $292.36.
WD-40 (NASDAQ:WDFC - Get Free Report) last announced its earnings results on Thursday, October 17th. The specialty chemicals company reported $1.23 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.34 by ($0.11). WD-40 had a return on equity of 31.53% and a net margin of 11.79%. The company had revenue of $156.00 million for the quarter, compared to analyst estimates of $149.20 million. During the same period last year, the firm earned $1.21 earnings per share. The firm's revenue for the quarter was up 11.0% on a year-over-year basis. On average, equities analysts forecast that WD-40 will post 5.36 EPS for the current year.
WD-40 Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors 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 1.41%. 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 payout ratio is currently 68.88%.
WD-40 Profile
(
Free Report)
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.
See Also
Before you consider WD-40, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and WD-40 wasn't on the list.
While WD-40 currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
