TrueMark Investments LLC Buys New Shares in WD-40 Company $WDFC

TrueMark Investments LLC bought a new stake in WD-40 Company (NASDAQ:WDFC) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 5,516 shares of the specialty chemicals company’s stock, valued at approximately $1,258,000.

Several other hedge funds have also recently made changes to their positions in the company. Stratos Wealth Partners LTD. increased its position in shares of WD-40 by 4.8% in the 1st quarter. Stratos Wealth Partners LTD. now owns 1,048 shares of the specialty chemicals company’s stock valued at $256,000 after acquiring an additional 48 shares during the period. KBC Group NV boosted its holdings in WD-40 by 8.9% in the first quarter. KBC Group NV now owns 597 shares of the specialty chemicals company’s stock valued at $146,000 after purchasing an additional 49 shares during the last quarter. D.A. Davidson & CO. boosted its holdings in WD-40 by 5.9% in the first quarter. D.A. Davidson & CO. now owns 895 shares of the specialty chemicals company’s stock valued at $218,000 after purchasing an additional 50 shares during the last quarter. Xponance Inc. boosted its holdings in WD-40 by 5.4% in the first quarter. Xponance Inc. now owns 1,037 shares of the specialty chemicals company’s stock valued at $253,000 after purchasing an additional 53 shares during the last quarter. Finally, Private Advisor Group LLC boosted its holdings in WD-40 by 3.9% in the first quarter. Private Advisor Group LLC now owns 1,482 shares of the specialty chemicals company’s stock valued at $362,000 after purchasing an additional 56 shares during the last quarter. 91.52% of the stock is owned by institutional investors and hedge funds.

WD-40 Price Performance

NASDAQ:WDFC opened at $194.48 on Friday. WD-40 Company has a 52 week low of $188.43 and a 52 week high of $292.36. The company has a quick ratio of 2.02, a current ratio of 2.84 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $2.63 billion, a PE ratio of 30.63 and a beta of 0.09. The stock’s 50-day moving average price is $208.20 and its 200-day moving average price is $222.93.

WD-40 Announces Dividend

The firm 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 dividend of $0.94 per share. The ex-dividend date is Monday, October 20th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 1.9%. WD-40’s dividend payout ratio (DPR) is 59.21%.

Analyst Upgrades and Downgrades

WDFC has been the topic of several recent research reports. DA Davidson lowered their price target on shares of WD-40 from $322.00 to $300.00 and set a “buy” rating on the stock in a report on Friday, July 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of WD-40 in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $300.00.

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.