Public Sector Pension Investment Board Sells 1,000 Shares of WD-40 (NASDAQ:WDFC)

Public Sector Pension Investment Board trimmed its position in shares of WD-40 (NASDAQ:WDFC) by 3.4% during the 3rd quarter, Holdings Channel reports. The firm owned 28,794 shares of the specialty chemicals company’s stock after selling 1,000 shares during the period. Public Sector Pension Investment Board’s holdings in WD-40 were worth $7,425,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of WDFC. Russell Investments Group Ltd. grew its stake in WD-40 by 1,648.9% during the first quarter. Russell Investments Group Ltd. now owns 822 shares of the specialty chemicals company’s stock valued at $208,000 after acquiring an additional 775 shares in the last quarter. Advisors Asset Management Inc. purchased a new position in WD-40 during the first quarter valued at $43,000. Price T Rowe Associates Inc. MD grew its stake in WD-40 by 3.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 9,453 shares of the specialty chemicals company’s stock valued at $2,395,000 after acquiring an additional 298 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new position in WD-40 during the first quarter valued at $34,000. Finally, CWM LLC grew its stake in WD-40 by 41.2% during the second quarter. CWM LLC now owns 463 shares of the specialty chemicals company’s stock valued at $102,000 after acquiring an additional 135 shares in the last quarter. 91.52% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director William B. Noble sold 1,000 shares of WD-40 stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $289.70, for a total transaction of $289,700.00. Following the completion of the transaction, the director now directly owns 7,999 shares of the company’s stock, valued at approximately $2,317,310.30. The trade was a 11.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.75% of the company’s stock.

WD-40 Stock Performance

Shares of NASDAQ:WDFC opened at $277.09 on Friday. WD-40 has a 52 week low of $211.03 and a 52 week high of $292.36. The stock has a market capitalization of $3.76 billion, a P/E ratio of 54.23 and a beta of -0.08. The firm has a fifty day simple moving average of $267.30 and a two-hundred day simple moving average of $250.52. The company has a quick ratio of 1.70, a current ratio of 2.47 and a debt-to-equity ratio of 0.37.

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

WD-40 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 18th were paid a $0.88 dividend. The ex-dividend date of this dividend was Friday, October 18th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 1.27%. WD-40’s payout ratio is currently 68.88%.

Wall Street Analyst Weigh In

WDFC has been the subject of several research analyst reports. DA Davidson reaffirmed a “buy” rating and set a $322.00 target price on shares of WD-40 in a research note on Monday, November 18th. Jefferies Financial Group raised their target price on shares of WD-40 from $250.00 to $280.00 and gave the company a “hold” rating in a research note on Friday, October 18th.

WD-40 Company 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.