WD-40 Company $WDFC Shares Sold by Conestoga Capital Advisors LLC

Conestoga Capital Advisors LLC lowered its position in shares of WD-40 Company (NASDAQ:WDFCFree Report) by 0.2% in the second quarter, HoldingsChannel.com reports. The fund owned 319,149 shares of the specialty chemicals company’s stock after selling 654 shares during the quarter. Conestoga Capital Advisors LLC’s holdings in WD-40 were worth $72,795,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Alliancebernstein L.P. lifted its holdings in shares of WD-40 by 1,767.7% in the 1st quarter. Alliancebernstein L.P. now owns 448,180 shares of the specialty chemicals company’s stock valued at $109,356,000 after buying an additional 424,183 shares during the period. Wellington Management Group LLP acquired a new position in shares of WD-40 in the 1st quarter valued at about $23,556,000. Invesco Ltd. lifted its holdings in shares of WD-40 by 122.0% in the 1st quarter. Invesco Ltd. now owns 162,181 shares of the specialty chemicals company’s stock valued at $39,572,000 after buying an additional 89,120 shares during the period. Jacobs Levy Equity Management Inc. acquired a new position in shares of WD-40 in the 1st quarter valued at about $13,723,000. Finally, GCQ FUNDS MANAGEMENT PTY Ltd lifted its holdings in shares of WD-40 by 245.0% in the 1st quarter. GCQ FUNDS MANAGEMENT PTY Ltd now owns 64,423 shares of the specialty chemicals company’s stock valued at $15,719,000 after buying an additional 45,747 shares during the period. Institutional investors and hedge funds own 91.52% of the company’s stock.

WD-40 Trading Up 2.6%

Shares of NASDAQ:WDFC opened at $194.48 on Monday. The business’s 50 day moving average price is $208.20 and its 200-day moving average price is $222.75. WD-40 Company has a 1 year low of $188.43 and a 1 year high of $292.36. The firm has a market capitalization of $2.63 billion, a price-to-earnings ratio of 30.63 and a beta of 0.09. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.84 and a quick ratio of 2.02.

WD-40 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Monday, October 20th will be given a $0.94 dividend. The ex-dividend date is Monday, October 20th. This represents a $3.76 annualized dividend and a dividend yield of 1.9%. WD-40’s dividend payout ratio (DPR) is 59.21%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on WDFC shares. Weiss Ratings reissued a “hold (c)” rating on shares of WD-40 in a report on Wednesday, October 8th. DA Davidson decreased their price objective on WD-40 from $322.00 to $300.00 and set a “buy” rating for the company in a report on Friday, July 11th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $300.00.

Get Our Latest Research Report on WDFC

WD-40 Profile

(Free Report)

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.

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Institutional Ownership by Quarter for WD-40 (NASDAQ:WDFC)

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