WD-40 (NASDAQ:WDFC) Shares Bought by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB increased its position in WD-40 (NASDAQ:WDFC) by 365.5% during the third quarter, Holdings Channel reports. The fund 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 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. V Square Quantitative Management LLC bought a new position in WD-40 in the 3rd quarter worth about $29,000. Covestor Ltd boosted its position in shares of 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 buying an additional 66 shares during the period. Blue Trust Inc. bought a new position in WD-40 in the 2nd quarter worth approximately $67,000. GAMMA Investing LLC increased its position in WD-40 by 34.9% in the 3rd quarter. GAMMA Investing LLC now owns 325 shares of the specialty chemicals company’s stock valued at $84,000 after acquiring an additional 84 shares during the period. Finally, CWM LLC raised its stake in WD-40 by 41.2% during the 2nd quarter. CWM LLC now owns 463 shares of the specialty chemicals company’s stock valued at $102,000 after acquiring an additional 135 shares in the last quarter. 91.52% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

WDFC has been the subject of several recent analyst reports. DA Davidson reissued a “buy” rating and issued a $322.00 price target on shares of WD-40 in a research note 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 company a “hold” rating in a research report on Friday, October 18th.

Insider Activity

In related 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 transaction of $289,700.00. Following the completion of the sale, the director now directly owns 7,999 shares of the company’s stock, valued at $2,317,310.30. This represents a 11.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.75% of the company’s stock.

WD-40 Price Performance

Shares of NASDAQ:WDFC opened at $266.54 on Friday. The stock has a market cap of $3.61 billion, a price-to-earnings ratio of 52.16 and a beta of -0.07. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.47 and a quick ratio of 1.70. WD-40 has a 12 month low of $211.03 and a 12 month high of $292.36. The stock’s 50 day moving average price is $270.51 and its 200 day moving average price is $253.24.

WD-40 (NASDAQ:WDFC) last posted its quarterly earnings data 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). WD-40 had a return on equity of 31.53% and a net margin of 11.79%. The firm had revenue of $156.00 million during the quarter, compared to the consensus estimate of $149.20 million. During the same period in the prior year, the firm posted $1.21 EPS. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. Equities research analysts anticipate that WD-40 will post 5.36 earnings per share for the current fiscal year.

WD-40 Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be given a dividend of $0.94 per share. This is a positive change from WD-40’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Friday, January 17th. This represents a $3.76 annualized dividend and a dividend yield of 1.41%. 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.