Stifel Financial Corp Has $5.38 Million Holdings in WD-40 (NASDAQ:WDFC)

Stifel Financial Corp trimmed its stake in WD-40 (NASDAQ:WDFC) by 6.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,168 shares of the specialty chemicals company’s stock after selling 1,438 shares during the period. Stifel Financial Corp owned about 0.16% of WD-40 worth $5,380,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. TD Waterhouse Canada Inc. bought a new stake in shares of WD-40 in the 4th quarter valued at about $27,000. SRS Capital Advisors Inc. boosted its holdings in WD-40 by 525.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 194 shares of the specialty chemicals company’s stock valued at $47,000 after acquiring an additional 163 shares during the last quarter. Anchor Investment Management LLC increased its position in WD-40 by 3,400.0% during the 4th quarter. Anchor Investment Management LLC now owns 350 shares of the specialty chemicals company’s stock valued at $85,000 after purchasing an additional 340 shares during the period. GAMMA Investing LLC lifted 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 period. Finally, KBC Group NV raised its stake in WD-40 by 23.1% during the fourth quarter. KBC Group NV now owns 548 shares of the specialty chemicals company’s stock worth $133,000 after buying an additional 103 shares during the last quarter. 91.52% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

WD-40 Stock Up 2.8 %

Shares of NASDAQ WDFC opened at $229.18 on Wednesday. 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 firm has a market cap of $3.10 billion, a PE ratio of 43.90 and a beta of 0.03. The company’s fifty day simple moving average is $233.53 and its 200 day simple moving average is $247.22. WD-40 has a 12-month low of $208.00 and a 12-month high of $292.36.

WD-40 (NASDAQ:WDFC) last released its quarterly earnings data 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. WD-40 had a net margin of 11.78% and a return on equity of 31.68%. The company had revenue of $146.10 million for the quarter, compared to analysts’ expectations of $154.40 million. During the same quarter in the prior year, the firm earned $1.14 EPS. The business’s revenue was up 5.0% on a year-over-year basis. As a group, sell-side analysts forecast that WD-40 will post 5.42 earnings per share for the current fiscal year.

WD-40 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 18th will be given a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend is Thursday, April 17th. WD-40’s payout ratio is 59.97%.

Insider Buying and Selling

In other WD-40 news, CFO Sara Kathleen Hyzer bought 256 shares of the stock in a transaction that occurred on Friday, April 11th. The shares were bought at an average price of $222.83 per share, for a total transaction of $57,044.48. Following the acquisition, the chief financial officer now directly owns 4,072 shares of the company’s stock, valued at approximately $907,363.76. The trade was a 6.71 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.75% of the stock is owned by company insiders.

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.