Cobblestone Capital Advisors LLC NY Has $266,000 Holdings in WD-40 (NASDAQ:WDFC)

Cobblestone Capital Advisors LLC NY lessened its holdings in shares of WD-40 (NASDAQ:WDFC) by 24.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,031 shares of the specialty chemicals company’s stock after selling 335 shares during the quarter. Cobblestone Capital Advisors LLC NY’s holdings in WD-40 were worth $266,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in WDFC. Millennium Management LLC grew its holdings in shares of WD-40 by 80.5% during the 2nd quarter. Millennium Management LLC now owns 69,650 shares of the specialty chemicals company’s stock valued at $15,298,000 after acquiring an additional 31,055 shares in the last quarter. Jupiter Asset Management Ltd. raised its holdings in shares of WD-40 by 13.7% during the second quarter. Jupiter Asset Management Ltd. now owns 92,005 shares of the specialty chemicals company’s stock worth $20,208,000 after acquiring an additional 11,112 shares in the last quarter. Radnor Capital Management LLC acquired a new stake in WD-40 during the third quarter valued at $1,960,000. Citigroup Inc. grew its stake in WD-40 by 65.0% in the third quarter. Citigroup Inc. now owns 17,958 shares of the specialty chemicals company’s stock valued at $4,631,000 after purchasing an additional 7,077 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in WD-40 by 11.8% in the second quarter. Envestnet Asset Management Inc. now owns 60,925 shares of the specialty chemicals company’s stock valued at $13,382,000 after purchasing an additional 6,434 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 several research reports. DA Davidson reiterated a “buy” rating and set a $322.00 price target on shares of WD-40 in a report on Monday, November 18th. Jefferies Financial Group raised their price objective 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.

WD-40 Trading Up 1.0 %

Shares of NASDAQ:WDFC opened at $277.09 on Monday. 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 $3.75 billion, a PE ratio of 54.23 and a beta of -0.08. WD-40 has a 1 year low of $211.03 and a 1 year high of $292.36. The firm has a fifty day moving average price of $267.30 and a 200 day moving average price of $250.66.

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

WD-40 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 18th were given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date was Friday, October 18th. WD-40’s dividend payout ratio is 68.88%.

Insider Transactions at WD-40

In other news, Director William B. Noble sold 800 shares of the firm’s stock in a transaction dated 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 directly owns 8,999 shares of the company’s stock, valued at approximately $2,312,563.02. This trade represents a 8.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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.