WD-40 (NASDAQ:WDFC) Stock Position Lessened by Silvia Mccoll Wealth Management LLC

Silvia Mccoll Wealth Management LLC reduced its stake in shares of WD-40 (NASDAQ:WDFC) by 11.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,066 shares of the specialty chemicals company’s stock after selling 503 shares during the quarter. Silvia Mccoll Wealth Management LLC’s holdings in WD-40 were worth $987,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of WDFC. V Square Quantitative Management LLC acquired a new position in shares of WD-40 during the 3rd quarter valued at $29,000. Covestor Ltd grew its holdings in 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 acquiring an additional 66 shares during the period. GAMMA Investing LLC raised its position in WD-40 by 34.9% in the third quarter. GAMMA Investing LLC now owns 325 shares of the specialty chemicals company’s stock worth $84,000 after acquiring an additional 84 shares in the last quarter. Blue Trust Inc. lifted its holdings in WD-40 by 28.9% in the 3rd quarter. Blue Trust Inc. now owns 393 shares of the specialty chemicals company’s stock valued at $101,000 after acquiring an additional 88 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its position in shares of WD-40 by 240.9% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 467 shares of the specialty chemicals company’s stock valued at $103,000 after purchasing an additional 330 shares in the last quarter. Institutional investors and hedge funds own 91.52% of the company’s stock.

WD-40 Stock Up 0.7 %

WDFC stock traded up $1.56 during trading hours on Wednesday, hitting $228.94. The company’s stock had a trading volume of 6,918 shares, compared to its average volume of 139,015. The company has a market capitalization of $3.10 billion, a PE ratio of 44.80 and a beta of -0.04. The stock has a 50 day moving average price of $262.84 and a two-hundred day moving average price of $256.77. The company has a quick ratio of 1.70, a current ratio of 2.47 and a debt-to-equity ratio of 0.37. WD-40 has a 12 month low of $211.03 and a 12 month high of $292.36.

WD-40 (NASDAQ:WDFC) last posted its earnings results on Friday, January 10th. The specialty chemicals company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.29 by $0.10. WD-40 had a net margin of 11.79% and a return on equity of 31.53%. The firm had revenue of $153.30 million for the quarter, compared to the consensus estimate of $147.40 million. During the same period in the prior year, the business posted $1.28 earnings per share. The business’s quarterly revenue was up 9.2% on a year-over-year basis. On average, equities research analysts expect that WD-40 will post 5.36 earnings per share for the current year.

WD-40 Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 17th will be paid a $0.94 dividend. This is an increase from WD-40’s previous quarterly dividend of $0.88. The ex-dividend date is Friday, January 17th. This represents a $3.76 annualized dividend and a dividend yield of 1.64%. WD-40’s dividend payout ratio (DPR) is presently 72.03%.

Analyst Ratings Changes

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

Insider Activity at WD-40

In other WD-40 news, Director William B. Noble sold 1,000 shares of WD-40 stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $289.70, for a total transaction of $289,700.00. Following the sale, the director now directly owns 7,999 shares of the company’s stock, valued at approximately $2,317,310.30. The trade was a 11.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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.