Private Advisor Group LLC boosted its stake in WD-40 (NASDAQ:WDFC – Get Rating) by 13.0% during the 1st quarter, HoldingsChannel reports. The fund owned 8,595 shares of the specialty chemicals company's stock after acquiring an additional 986 shares during the quarter. Private Advisor Group LLC's holdings in WD-40 were worth $1,575,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in WDFC. Quadrant Capital Group LLC lifted its position in WD-40 by 386.1% in the 1st quarter. Quadrant Capital Group LLC now owns 175 shares of the specialty chemicals company's stock valued at $32,000 after acquiring an additional 139 shares in the last quarter. Hardy Reed LLC bought a new stake in WD-40 during the 1st quarter worth about $58,000. Steward Partners Investment Advisory LLC lifted its position in WD-40 by 22.3% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 335 shares of the specialty chemicals company's stock worth $61,000 after buying an additional 61 shares in the last quarter. Cornerstone Advisory LLC bought a new stake in WD-40 during the 4th quarter worth about $77,000. Finally, Evergreen Capital Management LLC bought a new stake in WD-40 during the 4th quarter worth about $203,000. 93.52% of the stock is owned by institutional investors.
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Insider Activity
In other news, Director Eric Etchart bought 500 shares of the company's stock in a transaction dated Thursday, August 4th. The shares were bought at an average cost of $177.60 per share, with a total value of $88,800.00. Following the acquisition, the director now owns 5,692 shares in the company, valued at $1,010,899.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.33% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
WDFC has been the topic of several analyst reports. BWS Financial initiated coverage on shares of WD-40 in a research report on Thursday, July 14th. They set a "sell" rating and a $88.00 price target on the stock. DA Davidson raised shares of WD-40 from a "neutral" rating to a "buy" rating and set a $205.00 price target on the stock in a research report on Monday, July 18th. Finally, TheStreet cut shares of WD-40 from a "b-" rating to a "c+" rating in a research report on Friday, July 8th.
WD-40 Stock Down 3.1 %
Shares of WDFC stock opened at $183.36 on Monday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.51 and a current ratio of 2.51. The firm's 50-day moving average is $189.28 and its 200-day moving average is $189.98. The stock has a market cap of $2.50 billion, a price-to-earnings ratio of 41.39 and a beta of -0.25. WD-40 has a 52-week low of $163.61 and a 52-week high of $255.31.
WD-40 (NASDAQ:WDFC – Get Rating) last issued its earnings results on Thursday, July 7th. The specialty chemicals company reported $1.07 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.28 by ($0.21). The firm had revenue of $123.67 million during the quarter, compared to the consensus estimate of $142.80 million. WD-40 had a net margin of 12.10% and a return on equity of 30.75%. The firm's revenue for the quarter was down 9.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.52 earnings per share. Sell-side analysts predict that WD-40 will post 5.08 EPS for the current year.
WD-40 Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, July 29th. Stockholders of record on Friday, July 15th were issued a $0.78 dividend. The ex-dividend date of this dividend was Thursday, July 14th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.70%. WD-40's payout ratio is 70.43%.
WD-40 Company Profile
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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, and in liquid-bulk form products under the WD-40 Multi-Use brand name; and specialty maintenance products, such as penetrants, degreasers, corrosion inhibitors, greases, lubricants, and rust removers under the WD-40 Specialist brand, as well as various products under the WD-40 Bike brand name.
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