Trust Co. of Vermont purchased a new stake in shares of WD-40 (NASDAQ:WDFC – Get Rating) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 575 shares of the specialty chemicals company's stock, valued at approximately $116,000.
Several other large investors have also made changes to their positions in the company. ERN LLC acquired a new position in shares of WD-40 during the second quarter valued at $2,014,000. Cambridge Investment Research Advisors Inc. lifted its stake in shares of WD-40 by 5.2% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 1,913 shares of the specialty chemicals company's stock valued at $385,000 after acquiring an additional 95 shares during the period. State of Alaska Department of Revenue lifted its stake in shares of WD-40 by 8.3% during the second quarter. State of Alaska Department of Revenue now owns 10,334 shares of the specialty chemicals company's stock valued at $2,080,000 after acquiring an additional 795 shares during the period. Insight Wealth Strategies LLC lifted its stake in shares of WD-40 by 6.2% during the second quarter. Insight Wealth Strategies LLC now owns 1,306 shares of the specialty chemicals company's stock valued at $263,000 after acquiring an additional 76 shares during the period. Finally, Bank of America Corp DE lifted its stake in shares of WD-40 by 6.8% during the first quarter. Bank of America Corp DE now owns 68,652 shares of the specialty chemicals company's stock valued at $12,580,000 after acquiring an additional 4,341 shares during the period. Institutional investors and hedge funds own 93.52% of the company's stock.
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WD-40 Stock Down 1.9 %
Shares of WD-40 stock opened at $175.74 on Friday. WD-40 has a 1 year low of $163.61 and a 1 year high of $255.31. The business has a 50-day moving average of $188.24 and a two-hundred day moving average of $186.82. The company has a market capitalization of $2.40 billion, a P/E ratio of 39.67 and a beta of -0.25. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.51 and a quick ratio of 1.51.
WD-40 (NASDAQ:WDFC – Get Rating) last announced its quarterly earnings results on Thursday, July 7th. The specialty chemicals company reported $1.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.21). WD-40 had a return on equity of 30.75% and a net
margin of 12.10%. The business had revenue of $123.67 million during the quarter, compared to the consensus estimate of $142.80 million. During the same quarter last year, the company earned $1.52 earnings per share. The firm's revenue was down 9.3% compared to the same quarter last year. As a group, equities analysts predict that WD-40 will post 5.08 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on the company. TheStreet downgraded WD-40 from a "b-" rating to a "c+" rating in a report on Friday, July 8th. DA Davidson upgraded WD-40 from a "neutral" rating to a "buy" rating and set a $205.00 price objective for the company in a report on Monday, July 18th. Finally, BWS Financial assumed coverage on WD-40 in a report on Thursday, July 14th. They issued a "sell" rating and a $88.00 price objective for the company.
Insiders Place Their Bets
In other news, Director Eric Etchart acquired 500 shares of the firm's stock in a transaction that occurred on Thursday, August 4th. The stock was acquired at an average cost of $177.60 per share, for a total transaction of $88,800.00. Following the completion of 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 is available at this hyperlink. Corporate insiders own 1.33% of the company's stock.
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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