Stifel Financial Corp Has $6.09 Million Stock Holdings in WD-40 (NASDAQ:WDFC)

Stifel Financial Corp grew its holdings in WD-40 (NASDAQ:WDFC) by 0.2% in the third quarter, HoldingsChannel reports. The institutional investor owned 23,606 shares of the specialty chemicals company’s stock after acquiring an additional 51 shares during the period. Stifel Financial Corp’s holdings in WD-40 were worth $6,087,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in WDFC. CWM LLC raised its stake in shares of WD-40 by 41.2% in the 2nd quarter. CWM LLC now owns 463 shares of the specialty chemicals company’s stock valued at $102,000 after buying an additional 135 shares in the last quarter. Blue Trust Inc. acquired a new stake in shares of WD-40 during the 2nd quarter worth about $67,000. Louisiana State Employees Retirement System increased its position in shares of WD-40 by 1.5% during the 2nd quarter. Louisiana State Employees Retirement System now owns 6,800 shares of the specialty chemicals company’s stock worth $1,494,000 after purchasing an additional 100 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of WD-40 by 2.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 142,222 shares of the specialty chemicals company’s stock worth $31,238,000 after purchasing an additional 3,458 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management UK Ltd. increased its position in shares of WD-40 by 150.0% during the 2nd quarter. Mitsubishi UFJ Asset Management UK Ltd. now owns 2,500 shares of the specialty chemicals company’s stock worth $549,000 after purchasing an additional 1,500 shares in the last quarter. Institutional investors and hedge funds own 91.52% of the company’s stock.

Wall Street Analysts Forecast Growth

WDFC has been the subject of a number of recent analyst reports. DA Davidson reiterated a “buy” rating and set a $322.00 target price on shares of WD-40 in a research report on Monday, November 18th. Jefferies Financial Group increased their target price on shares of WD-40 from $250.00 to $280.00 and gave the stock a “hold” rating in a research report on Friday, October 18th.

WD-40 Trading Down 1.8 %

WDFC opened at $266.54 on Friday. The company has a current ratio of 2.47, a quick ratio of 1.70 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $3.61 billion, a PE ratio of 52.16 and a beta of -0.07. WD-40 has a 1-year low of $211.03 and a 1-year high of $292.36. The firm has a 50-day moving average price of $270.32 and a two-hundred day moving average price of $252.83.

WD-40 (NASDAQ:WDFC) last posted its quarterly earnings data on Thursday, October 17th. The specialty chemicals company reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.34 by ($0.11). The company had revenue of $156.00 million during 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%. The company’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.21 EPS. As a group, equities analysts anticipate that WD-40 will post 5.36 earnings per share for the current fiscal year.

WD-40 Increases Dividend

The business also recently disclosed 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 1.41%. The ex-dividend date of this dividend is Friday, January 17th. This is a boost from WD-40’s previous quarterly dividend of $0.88. WD-40’s dividend payout ratio (DPR) is presently 68.88%.

Insider Buying and Selling at WD-40

In other news, Director William B. Noble sold 1,000 shares of the firm’s stock in a transaction dated 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 owns 7,999 shares of the company’s stock, valued at approximately $2,317,310.30. This trade represents a 11.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.75% of the company’s stock.

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.