Quantbot Technologies LP Has $2.17 Million Holdings in WD-40 (NASDAQ:WDFC)

Quantbot Technologies LP lifted its holdings in shares of WD-40 (NASDAQ:WDFC) by 210.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,417 shares of the specialty chemicals company’s stock after buying an additional 5,710 shares during the quarter. Quantbot Technologies LP owned about 0.06% of WD-40 worth $2,171,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of WDFC. V Square Quantitative Management LLC acquired a new stake in WD-40 during the 3rd quarter worth $29,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of WD-40 during the first quarter worth $34,000. Advisors Asset Management Inc. bought a new stake in WD-40 in the first quarter valued at about $43,000. Covestor Ltd lifted its stake in WD-40 by 41.3% in the third quarter. Covestor Ltd now owns 226 shares of the specialty chemicals company’s stock valued at $58,000 after buying an additional 66 shares during the period. Finally, Blue Trust Inc. bought a new position in WD-40 during the second quarter worth about $67,000. 91.52% of the stock is owned by institutional investors.

WD-40 Stock Performance

WDFC stock opened at $274.27 on Friday. WD-40 has a 1-year low of $211.03 and a 1-year high of $292.36. The business’s 50-day moving average price is $266.88 and its two-hundred day moving average price is $250.22. The firm has a market cap of $3.72 billion, a PE ratio of 53.67 and a beta of -0.08. The company has a current ratio of 2.47, a quick ratio of 1.70 and a debt-to-equity ratio of 0.37.

WD-40 (NASDAQ:WDFC) last posted 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 business had revenue of $156.00 million for the quarter, compared to the consensus estimate of $149.20 million. During the same period in the previous year, the company posted $1.21 earnings per share. WD-40’s revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, research analysts forecast that WD-40 will post 5.36 earnings per share for the current year.

WD-40 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 18th were given a $0.88 dividend. The ex-dividend date of this dividend was Friday, October 18th. This represents a $3.52 annualized dividend and a yield of 1.28%. WD-40’s dividend payout ratio is currently 68.88%.

Insider Buying and Selling

In other WD-40 news, Director William B. Noble sold 800 shares of the business’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $256.98, for a total value of $205,584.00. Following the sale, the director now owns 8,999 shares in the company, valued at approximately $2,312,563.02. The trade was a 8.16 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.75% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Jefferies Financial Group upped their price target on WD-40 from $250.00 to $280.00 and gave the company a “hold” rating in a research note on Friday, October 18th. DA Davidson reaffirmed a “buy” rating and issued a $322.00 target price on shares of WD-40 in a research note on Monday, November 18th.

About WD-40

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.