898 Shares in WD-40 (NASDAQ:WDFC) Purchased by Versor Investments LP

Versor Investments LP acquired a new position in shares of WD-40 (NASDAQ:WDFC) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 898 shares of the specialty chemicals company’s stock, valued at approximately $232,000.

A number of other institutional investors also recently made changes to their positions in the business. Crossmark Global Holdings Inc. grew its position in shares of WD-40 by 24.3% during the third quarter. Crossmark Global Holdings Inc. now owns 1,193 shares of the specialty chemicals company’s stock worth $307,000 after buying an additional 233 shares in the last quarter. Covestor Ltd grew its holdings in WD-40 by 41.3% during the 3rd quarter. Covestor Ltd now owns 226 shares of the specialty chemicals company’s stock worth $58,000 after acquiring an additional 66 shares in the last quarter. Radnor Capital Management LLC bought a new stake in shares of WD-40 in the 3rd quarter worth about $1,960,000. Pittenger & Anderson Inc. raised its stake in shares of WD-40 by 10.3% in the 3rd quarter. Pittenger & Anderson Inc. now owns 4,060 shares of the specialty chemicals company’s stock valued at $1,047,000 after purchasing an additional 380 shares in the last quarter. Finally, Conestoga Capital Advisors LLC lifted its position in shares of WD-40 by 1.7% during the third quarter. Conestoga Capital Advisors LLC now owns 321,760 shares of the specialty chemicals company’s stock worth $82,975,000 after purchasing an additional 5,381 shares during the last quarter. 91.52% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other WD-40 news, Director William B. Noble sold 1,000 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $289.70, for a total value of $289,700.00. Following the completion of the transaction, the director now owns 7,999 shares in the company, valued at approximately $2,317,310.30. This represents a 11.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.65% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Jefferies Financial Group upped their price objective on WD-40 from $250.00 to $280.00 and gave the company a “hold” rating in a research note on Friday, October 18th. DA Davidson raised their price objective on WD-40 from $303.00 to $322.00 and gave the stock a “buy” rating in a research note on Friday, October 18th.

WD-40 Price Performance

WDFC opened at $279.01 on Friday. The company has a quick ratio of 1.70, a current ratio of 2.47 and a debt-to-equity ratio of 0.37. The company’s 50-day moving average price is $263.00 and its 200 day moving average price is $247.22. WD-40 has a fifty-two week low of $211.03 and a fifty-two week high of $292.36. The firm has a market cap of $3.78 billion, a price-to-earnings ratio of 54.60 and a beta of -0.08.

WD-40 (NASDAQ:WDFC) last announced its quarterly earnings results on Thursday, October 17th. The specialty chemicals company reported $1.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.34 by ($0.11). The company had revenue of $156.00 million during the quarter, compared to the consensus estimate of $149.20 million. WD-40 had a return on equity of 31.53% and a net margin of 11.79%. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period last year, the business posted $1.21 EPS. As a group, sell-side analysts expect that WD-40 will post 5.36 earnings per share for the current year.

WD-40 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 18th were given a dividend of $0.88 per share. The ex-dividend date of this dividend was Friday, October 18th. This represents a $3.52 annualized dividend and a dividend yield of 1.26%. WD-40’s dividend payout ratio is currently 68.88%.

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.