Prospera Private Wealth LLC Makes New Investment in WD-40 (NASDAQ:WDFC)

Prospera Private Wealth LLC purchased a new position in shares of WD-40 (NASDAQ:WDFC) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 920 shares of the specialty chemicals company’s stock, valued at approximately $237,000.

Several other institutional investors have also recently made changes to their positions in WDFC. Sei Investments Co. increased its position in shares of WD-40 by 18.5% during the 1st quarter. Sei Investments Co. now owns 2,722 shares of the specialty chemicals company’s stock worth $690,000 after purchasing an additional 425 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of WD-40 by 1,648.9% during the 1st quarter. Russell Investments Group Ltd. now owns 822 shares of the specialty chemicals company’s stock worth $208,000 after acquiring an additional 775 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of WD-40 by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 1,623,994 shares of the specialty chemicals company’s stock worth $411,374,000 after acquiring an additional 6,532 shares during the last quarter. Acadian Asset Management LLC increased its holdings in shares of WD-40 by 1,131.2% during the 1st quarter. Acadian Asset Management LLC now owns 4,063 shares of the specialty chemicals company’s stock worth $1,023,000 after acquiring an additional 3,733 shares during the last quarter. Finally, Covestor Ltd increased its holdings in shares of WD-40 by 57.7% during the 1st quarter. Covestor Ltd now owns 216 shares of the specialty chemicals company’s stock worth $55,000 after acquiring an additional 79 shares during the last quarter. Institutional investors and hedge funds own 91.52% of the company’s stock.

WD-40 Stock Performance

NASDAQ:WDFC opened at $277.62 on Thursday. The stock has a fifty day moving average price of $263.89 and a 200-day moving average price of $248.20. The company has a market cap of $3.76 billion, a price-to-earnings ratio of 54.33 and a beta of -0.08. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.70 and a current ratio of 2.47. WD-40 has a fifty-two week low of $211.03 and a fifty-two week high of $292.36.

WD-40 (NASDAQ:WDFC) last released its earnings results on Thursday, October 17th. The specialty chemicals company reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.11). WD-40 had a net margin of 11.79% and a return on equity of 31.53%. The company had revenue of $156.00 million for the quarter, compared to the consensus estimate of $149.20 million. During the same quarter in the previous year, the company posted $1.21 earnings per share. The business’s revenue was up 11.0% compared to the same quarter last year. As a group, equities analysts anticipate that WD-40 will post 5.36 EPS for the current fiscal year.

WD-40 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 18th were given a dividend of $0.88 per share. The ex-dividend date of this dividend was Friday, October 18th. This represents a $3.52 annualized dividend and a dividend yield of 1.27%. WD-40’s dividend payout ratio is currently 68.88%.

Wall Street Analysts Forecast Growth

WDFC has been the topic of a number of research reports. DA Davidson reaffirmed a “buy” rating and issued a $322.00 price objective on shares of WD-40 in a report on Monday. Jefferies Financial Group upped their price objective on WD-40 from $250.00 to $280.00 and gave the company a “hold” rating in a report on Friday, October 18th.

Insider Buying and Selling

In related news, Director William B. Noble sold 800 shares of the company’s stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $256.98, for a total transaction of $205,584.00. Following the completion of the sale, the director now directly owns 8,999 shares in the company, valued at $2,312,563.02. This represents a 8.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.75% of the stock is owned by corporate insiders.

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.