WD-40 (NASDAQ:WDFC) Shares Bought by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC raised its holdings in shares of WD-40 (NASDAQ:WDFC) by 67.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 876 shares of the specialty chemicals company’s stock after acquiring an additional 354 shares during the period. Smartleaf Asset Management LLC’s holdings in WD-40 were worth $212,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Private Advisor Group LLC boosted its holdings in WD-40 by 9.8% in the third quarter. Private Advisor Group LLC now owns 1,542 shares of the specialty chemicals company’s stock valued at $398,000 after purchasing an additional 138 shares during the last quarter. Pittenger & Anderson Inc. boosted its stake in shares of WD-40 by 10.3% in the third quarter. Pittenger & Anderson Inc. now owns 4,060 shares of the specialty chemicals company’s stock worth $1,047,000 after buying an additional 380 shares during the last quarter. Radnor Capital Management LLC acquired a new stake in WD-40 during the third quarter worth about $1,960,000. Covestor Ltd raised its position in WD-40 by 41.3% during the third quarter. Covestor Ltd now owns 226 shares of the specialty chemicals company’s stock valued at $58,000 after acquiring an additional 66 shares in the last quarter. Finally, Crossmark Global Holdings Inc. boosted its position in WD-40 by 24.3% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 1,193 shares of the specialty chemicals company’s stock worth $307,000 after purchasing an additional 233 shares in the last quarter. 91.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, DA Davidson reaffirmed a “buy” rating and set a $322.00 target price on shares of WD-40 in a report on Monday, January 27th.

WD-40 Price Performance

Shares of WD-40 stock opened at $240.55 on Thursday. The firm has a market cap of $3.26 billion, a PE ratio of 46.08 and a beta of -0.05. WD-40 has a twelve month low of $211.03 and a twelve month high of $292.36. The company has a quick ratio of 1.75, a current ratio of 2.44 and a debt-to-equity ratio of 0.37. The business has a 50-day moving average price of $235.43 and a 200 day moving average price of $254.09.

WD-40 (NASDAQ:WDFC) last posted its quarterly earnings data on Friday, January 10th. The specialty chemicals company reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.29 by $0.10. WD-40 had a return on equity of 31.68% and a net margin of 11.78%. The business had revenue of $153.30 million during the quarter, compared to analysts’ expectations of $147.40 million. During the same period in the previous year, the business earned $1.28 earnings per share. The business’s revenue was up 9.2% compared to the same quarter last year. Sell-side analysts predict that WD-40 will post 5.42 earnings per share for the current fiscal year.

WD-40 Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were paid a dividend of $0.94 per share. The ex-dividend date was Friday, January 17th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.56%. This is a boost from WD-40’s previous quarterly dividend of $0.88. WD-40’s payout ratio is currently 72.03%.

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.