Marshall & Sterling Wealth Advisors Inc. Purchases New Holdings in WD-40 (NASDAQ:WDFC)

Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of WD-40 (NASDAQ:WDFC) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 204 shares of the specialty chemicals company’s stock, valued at approximately $49,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. TD Waterhouse Canada Inc. acquired a new stake in shares of WD-40 during the fourth quarter worth approximately $27,000. SRS Capital Advisors Inc. grew its holdings in WD-40 by 525.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 194 shares of the specialty chemicals company’s stock worth $47,000 after acquiring an additional 163 shares in the last quarter. Anchor Investment Management LLC increased its position in shares of WD-40 by 3,400.0% in the 4th quarter. Anchor Investment Management LLC now owns 350 shares of the specialty chemicals company’s stock worth $85,000 after purchasing an additional 340 shares during the last quarter. GAMMA Investing LLC increased its position in shares of WD-40 by 23.1% in the 4th quarter. GAMMA Investing LLC now owns 400 shares of the specialty chemicals company’s stock worth $97,000 after purchasing an additional 75 shares during the last quarter. Finally, KBC Group NV raised its stake in shares of WD-40 by 23.1% in the 4th quarter. KBC Group NV now owns 548 shares of the specialty chemicals company’s stock valued at $133,000 after purchasing an additional 103 shares in the last quarter. 91.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, DA Davidson raised WD-40 to a “strong-buy” rating in a report on Monday, April 14th.

WD-40 Stock Performance

Shares of WDFC opened at $223.37 on Monday. The stock has a market capitalization of $3.03 billion, a PE ratio of 42.79 and a beta of 0.03. The business’s fifty day moving average price is $233.76 and its 200 day moving average price is $247.60. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.44 and a quick ratio of 1.75. WD-40 has a 12-month low of $208.00 and a 12-month high of $292.36.

WD-40 (NASDAQ:WDFC) last posted its quarterly earnings results on Tuesday, April 8th. The specialty chemicals company reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.05. The company had revenue of $146.10 million for the quarter, compared to the consensus estimate of $154.40 million. WD-40 had a net margin of 11.78% and a return on equity of 31.68%. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period last year, the firm posted $1.14 EPS. Equities research analysts forecast that WD-40 will post 5.42 EPS for the current year.

WD-40 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 18th will be issued a $0.94 dividend. This represents a $3.76 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend is Thursday, April 17th. WD-40’s dividend payout ratio (DPR) is 59.97%.

Insider Activity at WD-40

In other news, CFO Sara Kathleen Hyzer acquired 256 shares of the business’s stock in a transaction that occurred on Friday, April 11th. The shares were purchased at an average cost of $222.83 per share, for a total transaction of $57,044.48. Following the transaction, the chief financial officer now directly owns 4,072 shares in the company, valued at $907,363.76. This trade represents a 6.71 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.75% of the company’s stock.

WD-40 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.